India's Vedanta Q2 profit falls 34.3%, but beats Street

By Reuters / October 31, 2018 / www.mining.com / Article Link

Oct 31- Indian miner Vedanta Ltd said on Wednesday its second-quarter net profit fell 34.3 percent, primarily hurt by lower revenue from its Zinc operations and closure of its smelter in south India.

Net profit attributable came in at 13.43 billion rupees ($181.58 million) in the three months ended September 30, compared with 20.45 billion rupees in the same period a year earlier, the Indian unit of diversified mining group Vedanta Resources said in a filing.

Nine analysts, on average, had expected the miner to post a profit of 12.68 billion rupees, according to Refinitiv data.

Revenue for the quarter grew 5.2% to 227.05 billion rupees.

($1 = 73.9600 Indian rupees)

(By Krishna V Kurup in Bengaluru; Editing by Vyas Mohan)

Recent News

Silver inventories rebound in UK, output from major producers rises

December 15, 2025 / www.canadianminingreport.com

Silver's three-month outperformance continues

December 15, 2025 / www.canadianminingreport.com

Silver & Copper Supply Distortions Continue

December 08, 2025 / www.canadianminingreport.com

Gold stocks down in risk-on shift

December 08, 2025 / www.canadianminingreport.com

Gold stocks rocket on metal rebound and equities jump

December 01, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok