Vedanta posts 47 per cent rise in second-profit profit, but misses estimates

Total income grew about 24 percent to 224.66 billion rupees.

Published: 02nd November 2017 05:23 PM  |   Last Updated: 02nd November 2017 05:23 PM   |  A+A-

Vedanta Ltd | Reuters

By Reuters

Vedanta Ltd, the Indian unit of diversified mining group Vedanta Resources Plc <VED.L>, 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.

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.

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