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Vedanta Ltd Q3FY24; 7% fall in Profits

Vedanta Ltd is a diversified natural resource group engaged in exploring, extracting and processing minerals and oil & gas. The group engages in the exploration, production and sale of zinc, lead, silver, copper, aluminium, iron ore and oil & gas. It has presence across India, South Africa, Namibia, Ireland, Liberia & UAE. Its other businesses includes commercial power generation, steel manufacturing & port operations in India and manufacturing of glass substrate in South Korea and Taiwan.

Financial Results:

Vedanta Ltd reported Revenues for Q3FY24 of ₹35,541.00 Crores up from ₹34,102.00 Crore year on year, a rise of 4.22%.

Total Expenses for Q3FY24 of ₹32,215.00 Crores up from ₹31,327.00 Crores year on year, a rise of 2.83%.

Consolidated Net Profit of ₹2,868.00 Crores down 7.21% from ₹3,091.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹5.42, down 18.25% from ₹6.63 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

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