{"id":382861,"date":"2020-11-07T08:41:18","date_gmt":"2020-11-07T03:11:18","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=382861"},"modified":"2020-11-07T09:18:22","modified_gmt":"2020-11-07T03:48:22","slug":"vedanta-q2-net-profit-falls-62-to-rs-824-cr-over-one-time-tax-expense","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/vedanta-q2-net-profit-falls-62-to-rs-824-cr-over-one-time-tax-expense\/","title":{"rendered":"Vedanta Q2 net profit falls 62% to Rs 824 cr over one-time tax expense"},"content":{"rendered":"<p>Vedanta on Friday reported a 61.8 per cent decline in consolidated net profit at Rs 824 crore for the quarter ended September 30, 2020 on the back of one-time tax expense. <\/p>\n<p>The company posted a net profit of Rs 2,158 crore in the year-ago period, Vedanta said in a filing to BSE. <\/p>\n<p>Income during July-September declined to Rs 21,744 crore from Rs 22,814 crore in the year-ago period, the filing said.<\/p>\n<p>The company said in a statement the tax expense for the quarter was at Rs 2,370 crore. <\/p>\n<p>&#8220;EBITDA for Q2 FY2021 was at Rs 6,531 crore, higher by 63 per cent q-o-q, mainly due to higher commodity prices, higher volumes at zinc business, lower cost of production at Zinc India and aluminium business, partially offset by higher input commodity prices,<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Vedanta on Friday reported a 61.8 per cent decline in consolidated net profit at Rs 824 crore for the quarter ended September 30, 2020 on the back of one-time tax expense. The company posted a net profit of Rs 2,158 crore in the year-ago period, Vedanta said in a filing to BSE. Income during July-September declined to Rs 21,744 crore from Rs 22,814 crore in the year-ago period, the filing said. The company said in a statement the tax expense for the quarter was at Rs 2,370 crore. &#8220;EBITDA for Q2 FY2021 was at Rs 6,531 crore, higher by 63 [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-382861","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/382861","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=382861"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/382861\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=382861"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=382861"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=382861"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}