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Vedanta reports 27% fall in Q4 consolidated net profit
Apr-25-2024

Vedanta has reported results for fourth quarter (Q4) and year ended March 31, 2024.

The company has reported 99.27% fall in its net profit at Rs 109 crore for the quarter under review as compared to Rs 14872 crore for the same quarter in the previous year. Total income of the company decreased by 36.16% at Rs 17966 crore for Q4FY24 as compared Rs 28143 crore for the corresponding quarter previous year.

On consolidated basis, the company has reported 27.43% fall in its net profit at Rs 2273 crore for fourth quarter ended March 31, 2024 as compared to Rs 3132 crore for the same quarter in the previous year. Total income of the company decreased by 6.58% at Rs 36,093 crore for Q4FY24 as compared Rs 38,635 crore for the corresponding quarter previous year.

For the year ended March 31, 2024, the company has reported 68.85% fall in its net profit at Rs 6623 crore as compared to Rs 21259 crore for the previous year. Total income of the company decreased by 14.59% at Rs 76308 crore for year under review as compared to Rs 89342 crore for year ended March 31, 2023.

For the year ended March 31, 2024, on the consolidated basis, the company has reported 48.04% fall in its net profit at Rs 7537 crore as compared to Rs 14506 crore for the previous year. Total income of the company decreased by 2.59% at Rs 146277 crore for year under review as compared to Rs 150159 crore for year ended March 31, 2023.

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