Vedanta reports consolidated loss before tax at Rs 15,269 cr for Q4FY20

The company's consolidated revenue for the March quarter declined 16 per cent to Rs 19,513 crore from same period last year on the back of lower commodity prices further impacted by Covid-19

Anil Agarwal-led Vedanta Ltd on Saturday reported a consolidated loss before tax of Rs 15,269 crore for the March 2020 quarter, as against a profit before tax of Rs 4,104 crore in the same period last year, on account of impairment charges on its oil and gas business assets.

The exceptional item for Q4FY20 was at Rs 17,132 crore, primarily due to impairment of its Cairn and Rajasthan oil and gas assets and, to a small extent, exploration, copper, and iron ore businesses. The impact on property, plant and equipment, exploration, and other assets was triggered due to a significant