{"id":139705,"date":"2023-02-01T04:40:48","date_gmt":"2023-02-01T09:40:48","guid":{"rendered":"https:\/\/44.250.171.167\/?p=139705"},"modified":"2023-02-01T04:40:49","modified_gmt":"2023-02-01T09:40:49","slug":"vedanta-q3fy23-net-profit-drops-by-42-declared-an-interim-dividend-of-inr-12-5","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/vedanta-q3fy23-net-profit-drops-by-42-declared-an-interim-dividend-of-inr-12-5\/","title":{"rendered":"Vedanta Q3FY23 net profit drops by 42%, declared an interim dividend of INR 12.5"},"content":{"rendered":"\n<p>Vedanta Limited on January 27 reported a 41.81 percent drop in consolidated net profit for the quarter ended December 2022 at INR 2,464 crore against INR 4,164 crore in the same quarter last year. The revenue from operations came in at INR 33,691 crore, down 0.01 percent from INR 33,697 crore in the corresponding quarter a year ago, the company said in an exchange filing.<\/p>\n\n\n\n<p>The Board of Directors of the Company also approved the fourth interim dividend of INR 12.50 per equity share amounting to INR 4,647 crore. The record date for the payment is February 4, 2023.<\/p>\n\n\n\n<p>The company said its quarterly alumina production decreased by 2 percent quarter on quarter (QoQ) to 443 kilotonnes (kt) due to maintenance activities in calciners. Karnataka saleable iron ore production increased by 32 percent QoQ to 1.4mn tonnes. Pig iron production was higher by 66 percent QoQ as the second quarter was impacted by the shut down of smaller blast furnace.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"791\" height=\"1024\" src=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/a73909cd-ee24-4b52-9fca-10f6b37c7a81-791x1024.png\" alt=\"\" class=\"wp-image-139706\" srcset=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/a73909cd-ee24-4b52-9fca-10f6b37c7a81-791x1024.png 791w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/a73909cd-ee24-4b52-9fca-10f6b37c7a81-232x300.png 232w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/a73909cd-ee24-4b52-9fca-10f6b37c7a81-768x994.png 768w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/a73909cd-ee24-4b52-9fca-10f6b37c7a81-1186x1536.png 1186w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/a73909cd-ee24-4b52-9fca-10f6b37c7a81-1582x2048.png 1582w\" sizes=\"auto, (max-width: 791px) 100vw, 791px\" \/><\/figure>\n\n\n\n<p>Saleable production of steel was of 306Kt, lower by 6 percent QoQ due to maintenance activities in blast furnace.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Vedanta Limited on January 27 reported a 41.81 percent drop in consolidated net profit for the quarter ended December 2022 at INR 2,464 crore against INR 4,164 crore in the same quarter last year. The revenue from operations came in at INR 33,691 crore, down 0.01 percent from INR 33,697 crore in the corresponding quarter [&hellip;]<\/p>\n","protected":false},"author":1863,"featured_media":139706,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[105,392,5753],"tags":[9853,9854,9885,11365],"class_list":["post-139705","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-infographics","category-earnings","category-industrials","tag-aluminium","tag-copper","tag-iron-and-steel","tag-zinc"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/a73909cd-ee24-4b52-9fca-10f6b37c7a81.png","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":141351,"url":"https:\/\/alphastreet.com\/india\/vedanta-ltd-q3fy23-net-profit-drops-by-42\/","url_meta":{"origin":139705,"position":0},"title":"Vedanta Ltd Q3FY23 net profit drops by 42%","author":"Chirag Gupta","date":"February 13, 2023","format":false,"excerpt":"Vedanta Limited on January 27 reported a 41.81 percent drop in consolidated net profit for the quarter ended December 2022 at INR 2,464 crore against INR 4,164 crore in the same quarter last year. The revenue from operations came in at INR 33,691 crore, down 0.01 percent from INR 33,697\u2026","rel":"","context":"In &quot;Earnings&quot;","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"earnings preview","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":142327,"url":"https:\/\/alphastreet.com\/india\/torrent-power-q3fy23-net-profit-rises-by-88-declares-dividend-of-inr-22\/","url_meta":{"origin":139705,"position":1},"title":"Torrent Power Q3FY23 net profit rises by 88%, declares dividend of INR 22","author":"Chirag Gupta","date":"February 21, 2023","format":false,"excerpt":"Torrent Power Ltd on Tuesday reported an 88% jump in net profit at INR 694.5 crore for the third quarter that ended December 31, 2022. Net profit for the year-ago period was INR 369.4 crore. During the quarter, total revenue stood at INR 6,442.8 crore, up 71 per cent against\u2026","rel":"","context":"In &quot;Earnings&quot;","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"earnings preview","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":142709,"url":"https:\/\/alphastreet.com\/india\/torrent-pharma-q3fy23-net-profit-rises-by-14-percent\/","url_meta":{"origin":139705,"position":2},"title":"Torrent pharma Q3FY23 net profit rises by 14 percent","author":"Chirag Gupta","date":"February 24, 2023","format":false,"excerpt":"Torrent Pharma reported that its consolidated net profit increased by 14 per cent to INR 283 crore in the third quarter ended December 31, 2022. The drug firm had reported a net profit of INR 249 crore in the October-December period of previous fiscal. Net sales increased to INR 2,459\u2026","rel":"","context":"In &quot;Earnings&quot;","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"earnings preview","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":142317,"url":"https:\/\/alphastreet.com\/india\/torrent-power-reported-a-88-percent-jump-in-q3fy23-net-profit\/","url_meta":{"origin":139705,"position":3},"title":"Torrent Power reported a 88 percent jump in Q3FY23 net profit","author":"Chirag Gupta","date":"February 21, 2023","format":false,"excerpt":"Torrent Power Ltd on Tuesday reported an 88% jump in net profit at INR 694.5 crore for the third quarter that ended December 31, 2022. Net profit for the year-ago period was INR 369.4 crore. During the quarter, total revenue stood at INR 6,442.8 crore, up 71 per cent against\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/4f46533c-3de4-4d2c-b65d-ffeee9fc5be9.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/4f46533c-3de4-4d2c-b65d-ffeee9fc5be9.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/4f46533c-3de4-4d2c-b65d-ffeee9fc5be9.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/4f46533c-3de4-4d2c-b65d-ffeee9fc5be9.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/4f46533c-3de4-4d2c-b65d-ffeee9fc5be9.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/4f46533c-3de4-4d2c-b65d-ffeee9fc5be9.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":138682,"url":"https:\/\/alphastreet.com\/india\/metro-brands-q3fy23-results-out-net-revenue-up-by-24\/","url_meta":{"origin":139705,"position":4},"title":"Metro Brands Q3FY23 results out: Net revenue up by 24%","author":"Chirag Gupta","date":"January 17, 2023","format":false,"excerpt":"The share price of Metro Brands declined half a percent to INR 843.3 on January 17 after contraction in operating profit margin for the quarter ended December 2022, but the highest ever profit, revenue and EBITDA capped the downside. The footwear retailer has recorded a 10.8 percent on-year growth in\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"trending stocks high volatility","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":135722,"url":"https:\/\/alphastreet.com\/india\/powergrid-reported-8-rise-in-its-net-profit-for-q2fy22-declares-a-dividend-of-inr-5\/","url_meta":{"origin":139705,"position":5},"title":"PowerGrid reported 8% rise in its net profit for Q2FY22, declares a dividend of INR 5","author":"Chirag Gupta","date":"November 7, 2022","format":false,"excerpt":"Power Grid Corporation of India reported a 8% year-on-year (YoY) rise in profit after tax (PAT) at INR 3,650 crore for the September 2022 quarter. It reported a PAT of INR 3,338.27 crore in the same quarter previous year. The company reported an increase of 9% in revenue from operations\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"trending stocks high volatility","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/139705","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/1863"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=139705"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/139705\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/139706"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=139705"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=139705"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=139705"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}