Vedanta zooms on reporting 17% rise in Q2 consolidated net profit
Vedanta has reported net loss of Rs 274.65 crore for the quarter ended September 30, 2016 as against net profit of Rs 18.16 crore for the same quarter in the previous year. Total income of the company decreased by 10.12% at Rs 7306.17 crore for the quarter under review as compared to Rs 8128.93 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported 17.14% rise in its net profit after taxes, minority interest & share in jointly controlled entities and associates at Rs 1252.13 crore for the quarter ended September 30, 2016 as compared to Rs 1068.95 crore for the same quarter in the previous year.
However, total income of the company decreased by 4.60% to Rs 18029.76 crore for the quarter under review from Rs 18898.27 crore for the same quarter in the previous year.
