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Vedanta Q2 Results: Mining major swings to black with Rs 5,603 crore profit versus YoY loss
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Vedanta Ltd on Friday reported a profit of Rs 5,603 crore for the quarter ended September 2024 as against as loss of Rs 915 crore in the same quarter of last year.
Revenue from operations, meanwhile, declined 4% year-on-year to Rs 37,171 crore in the quarter ended September 2024. The same stood at Rs 38,546 crore a year ago.
The company reported an EBITDA of Rs 9,828 crore in the July-September period, while margins came in at 26.1%.
“The second half of this year will be a transformative period with our major growth and integration projects coming online and ramping up," said Arun Misra, Executive Director, Vedanta.
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