{"id":532746,"date":"2022-10-29T12:45:30","date_gmt":"2022-10-29T07:15:30","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=532746"},"modified":"2022-10-29T13:35:16","modified_gmt":"2022-10-29T08:05:16","slug":"vedantas-s-second-quarter-net-profit-sinks-54","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/vedantas-s-second-quarter-net-profit-sinks-54\/","title":{"rendered":"Vedanta&#8217;s s second-quarter net profit sinks 54%"},"content":{"rendered":"<p>Mining conglomerate Vedanta\u2019s second-quarter net profit plunged as it faced dual headwinds from falling commodity prices and rising energy costs, while the government slapped a windfall profit tax on oil.<\/p>\n<p>Consolidated net profit stood at Rs 2,690 crore, or Rs 4.88 per share, in July-September compared with Rs 5,812 crore, or Rs 12.46 a share, in the same period a year back, the company said in a statement.<\/p>\n<p>The profit declined due to the unique scenario of input commodity inflation and lower output commodity prices as also high energy costs, company chief executive Sunil Duggal said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mining conglomerate Vedanta\u2019s second-quarter net profit plunged as it faced dual headwinds from falling commodity prices and rising energy costs, while the government slapped a windfall profit tax on oil. Consolidated net profit stood at Rs 2,690 crore, or Rs 4.88 per share, in July-September compared with Rs 5,812 crore, or Rs 12.46 a share, in the same period a year back, the company said in a statement. The profit declined due to the unique scenario of input commodity inflation and lower output commodity prices as also high energy costs, company chief executive Sunil Duggal said.<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,215,148],"tags":[],"class_list":["post-532746","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-telegraph","category-the-telegraph"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/532746","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=532746"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/532746\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=532746"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=532746"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=532746"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}