Mining giant Vedanta on Friday reported 57 per cent drop in March quarter net profit on weakness in aluminium business and write-offs.
Consolidated net profit of Rs 3,132 crore in January-March is compared with Rs 7,261 crore net earning in the same period a year back, according to a stock exchange filing by the company.
On a sequential basis, net profit was up 1 per cent from Rs 3,092 crore in October-December.
Revenue declined 5 per cent to Rs 37,225 crore in the fourth quarter of 2022-23 (April 2022 to March 2023) fiscal year from Rs 39,342 crore a year back.
