Vedanta net leaps 353% in Q3 FY17 to Rs 1,866 crore
Tom Albanese, Chief Executive Officer, Vedanta Limited, said: “Volume ramp-up and cost efficiency across our operations, aided by higher commodity prices, have significantly driven up EBITDA y-o-y. Our financial position remains robust and we continue to strengthen our balance sheet by maximising free cash flow and reducing debt."
The company reported net profit of Rs 1,866.28 crore, a rise of 353.25% compared to Rs 411.75 crore in the similar period of the previous year. Photo: Official Website