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

Another 'Bubble Check' for the gold sector

September 08, 2025 / www.canadianminingreport.com

Gold stocks continue to hit new highs

September 08, 2025 / www.canadianminingreport.com

Some mining stocks exposed to Burkina Faso take major hit

September 02, 2025 / www.canadianminingreport.com

Gold stocks again hit new highs

September 02, 2025 / www.canadianminingreport.com

Gold stocks reach new highs on metal price gain

August 25, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok