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Vedanta’s profit on higher cost of living dips more than 60% to Rs 1,808 crore in Q2

Vedanta’s profit dips 61 per cent to Rs 1,808 crore in July-September

New Delhi:

Vedanta Ltd on Friday reported a 60.8 per cent decline in consolidated net profit at Rs 1,808 crore for the quarter ended September 30 due to higher expenses.

Vedanta Ltd in a regulatory filing said the company had posted a consolidated net profit of Rs 4,615 crore in the year-ago period.

The company’s expenses during the July-September period rose to Rs 33,221 crore from Rs 23,171 crore in the year-ago period.

Its consolidated income during the quarter under review increased to Rs 37,351 crore from Rs 31,074 crore in the previous year.

Vedanta is a diversified natural resources company.

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