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News Details

Vedanta Q1 net profit up 12.55% at Rs 3336.00 cr

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26/07/2021 17:10
The company reported standalone net profit of Rs 3,336.00 crore for the quarter ended June 30, 2021 as compared to Rs 2964.00 crore in the same period last year, registering a year-on-year growth of 12.55 per cent.

Net revenue of the company rose substantially by 92.60 per cent at Rs 12,883.00 crore in April-June quarter of this fiscal as against Rs 6,689.00 crore in the corresponding period last year.

During April-June quarter, operating expenses increased by 64.75 per cent to Rs 9,190.00 crore from Rs 5,578.00 crore in year ago period.

Other Income dipped by 70.97 per cent at Rs 1,399.00 crore versus (Jun'20 Rs 4,819.00 crore).

Operating Profit surged by 239.15 per cent to Rs 3,768.00 crore as against Rs 1,111.00 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 76.10 per cent in June quarter.

Interest declined by 9.75 per cent y-o-y to Rs 722.00 crore, while Taxation decreased by 74.20 per cent at Rs 405.00 crore (Jun'20 Rs 1,570.00 crore).