{"id":576602,"date":"2023-05-15T10:09:53","date_gmt":"2023-05-15T04:39:53","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=576602"},"modified":"2023-05-15T11:20:45","modified_gmt":"2023-05-15T05:50:45","slug":"vedanta-posts-slump-in-q4-profit-after-metal-prices-fall","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/vedanta-posts-slump-in-q4-profit-after-metal-prices-fall\/","title":{"rendered":"Vedanta posts slump in Q4 profit after metal prices fall"},"content":{"rendered":"<p>Indian metals-to-oil conglomerate Vedanta Ltd reported a 68 per cent slump in fourth-quarter profit on Friday after revenue fell amid declining prices of metals.<\/p>\n<p>Vedanta&#8217;s consolidated net profit stood at 18.81 billion rupees ($230 million) for the quarter ended March 31, compared with 57.99 billion rupees a year earlier, the billionaire Anil Agarwal-led company said in an exchange filing.<\/p>\n<p>Analysts had, on average, expected a profit of 28.91 billion rupees, according to Refinitiv IBES data.<\/p>\n<p>The metals and mining major&#8217;s quarterly revenue fell 5.4 per cent to 372.25 billion rupees. The share of revenue from the mainstay aluminium business reduced to 33 per cent from 39 per cent.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian metals-to-oil conglomerate Vedanta Ltd reported a 68 per cent slump in fourth-quarter profit on Friday after revenue fell amid declining prices of metals. Vedanta&#8217;s consolidated net profit stood at 18.81 billion rupees ($230 million) for the quarter ended March 31, compared with 57.99 billion rupees a year earlier, the billionaire Anil Agarwal-led company said in an exchange filing. Analysts had, on average, expected a profit of 28.91 billion rupees, according to Refinitiv IBES data. The metals and mining major&#8217;s quarterly revenue fell 5.4 per cent to 372.25 billion rupees. The share of revenue from the mainstay aluminium business reduced [&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":[146,130,177],"tags":[],"class_list":["post-576602","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-oil-gas-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/576602","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=576602"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/576602\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=576602"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=576602"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=576602"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}