14 Dec 2019 | 11:19 AM

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Vedanta Q2 net profit zooms 11103.85% at Rs 2913.00 cr
  Vedanta Ltd. | 13 Dec 2019 | 04:01 PM
Published on 11-14-2019
The company reported standalone net profit of Rs 2913.00 crore for the quarter ended September 30 2019 as compared to Rs 26.00 crore in the same period last year registering a year-on-year growth of 11103.85 per cent.


Net revenue of the company declined by 0.94 per cent at Rs 9599.00 crore in July-September quarter of this fiscal as against Rs 9690.00 crore in the corresponding period last year.


During July-September quarter operating expenses increased by 7.62 per cent to Rs 8886.00 crore from Rs 8257.00 crore in year ago period.


Other Income grew by 1206.15 per cent at Rs 2338.00 crore versus (Sep`18 Rs 179.00 crore).


Operating Profit slipped by 43.20 per cent to Rs 814.00 crore as against Rs 1433.00 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 42.66 per cent in September quarter.


Interest declined by 14.20 per cent y-o-y to Rs 900.00 crore while Taxation decreased by 2747.37 per cent at Rs -1509.00 crore (Sep`18 Rs 57.00 crore).