Vedanta posts 47 percent rise in second-profit profit, but misses estimates
Vedanta posts 47 percent rise in second-profit profit, but misses estimates
Vedanta Ltd , the Indian unit of diversified mining group Vedanta Resources Plc , posted a 47 percent rise in second-quarter profit, helped by improved commodity prices and higher zinc and copper production.
Profit rose to 20.91 billion rupees ($323.52 million) in the three months through Sept. 30, from 14.24 billion rupees a year earlier. http://bit.ly/2gXo6u2
Analysts on average expected a profit of 23.26 billion rupees, Thomson Reuters data showed.
Total income grew about 24 percent to 224.66 billion rupees, the company said on Thursday.($1 = 64.6325 Indian rupees)
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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