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Vedanta reports net loss of Rs 12,521 cr for Q4 over asset impairment

The consolidated income of the company during January-March quarter dropped to Rs 20,382 crore

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The company said its revenue for the fourth quarter of financial year 2020 was at Rs 19,513 crore, lower by 8 per cent sequentially

Press Trust of India New Delhi

2 min read Last Updated : Jun 06 2020 | 4:43 PM IST

Diversified natural resources firm Vedanta on Saturday reported consolidated net loss of Rs 12,521 crore for the quarter ended March 31, 2020 on the exceptional loss of Rs 17,132 crore, primarily due to impairment of assets in oil and gas, copper and iron ore business.

However, the company had posted net profit of Rs 2,615 crore in the year-ago period, Vedanta said in a filing to the BSE.

The consolidated income of the company during January-March quarter dropped to Rs 20,382 crore, over Rs 25,096 crore in the year-ago period, the filing said.

"The Covid-19 pandemic has hit the world and us in

Topics : Coronavirus Vedanta

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