Vedanta Ltd Q4FY24 net profit drops 27% YoY to Rs 1,369 cr
Mumbai, April 25 -- Vedanta Ltd, a global diversified natural resources company posted a 27 percent fall in net profit at Rs 1,369 crore for the fourth quarter of FY2023-24.
This decline occurred against the backdrop of falling prices for key metals including zinc, copper, and aluminium, coupled with a subdued performance in the oil and gas segment.
The company had reported a profit of Rs 1,881 crore in the same quarter of the previous fiscal and Rs 2,013 crore in the third quarter.
Consolidated Revenue for the fourth quarter stood at Rs 34,937 crore, maintaining a flat growth compared to the previous quarter. However, it fell 6% YoY basis.
The Consolidated EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) reach...
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