New Delhi, Oct. 31 -- Billionaire Anil Agarwal's metals and mining company Vedanta Ltd reported a sharp decline in profits during the September quarter despite favourable business conditions as it took a one-time write-off in its power business.

The company reported a 59% decline in profit attributable to its owners, to Rs.1,798 crore, according to regulatory filings. Revenue from operations rose by almost 6% to Rs.39,868 crore-the highest-ever for a second fiscal quarter.

The write-off was in regard to the company's wholly-owned subsidiary, Talwandi Sabo Power Ltd (TSPL), which had earlier claimed Rs.1,407 crore as receivable under a government scheme promoting the development of large power plants. In August 2025, the Supreme Court ru...