Anil Agarwal-led Vedanta Limited reported a consolidated net profit of Rs 6,432 crore in the March quarter against a loss of Rs 12,521 crore in the corresponding period last year on the back of increased sales.
Net sales of the company stood at Rs 27,874 crore in the period under review, up 43 per cent from the same period last year.
According to Bloomberg estimates, the company’s top line was seen at Rs 24,969 crore in the March quarter, while the bottom line was expected to be Rs 5,360 crore.
For the quarter gone by, the exceptional items of Rs 773 crore largely comprise of write-off on account of its aluminium business (Rs 181 crore), provision of Rs 213 crore on advances given to Konkola Copper Mines (KCM, which is majority owned by Vedanta Resources),
