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Vedanta Q4 Results: Net profit drops 27% YoY to Rs 1,369 crore
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Vedanta on Thursday reported a net profit of Rs 1,369 crore for the March-ended quarter, down over 27% (YoY) compared to Rs 1,881 crore reported in the year-ago period.
Consolidated revenue from operations for the quarter stood at Rs 34,937 crore, down 6% YoY over Rs 37,225 reported by the company in Q4FY23.
For the full year ended March 31, the profit after tax stood at Rs 4,239 crore vs Rs 10,574 crore in FY23, a sharp 60% YoY drop.
As for FY24 revenue from operations, the numbers stood at Rs 1,41,793 crore, down from Rs 1,45,404 crore.
The company's lower PAT and revenue for the January-March quarter was despite the expenses of Rs 31,899 crore vs Rs 32,215 crore in Q3FY24 and Rs 33,041 crore in Q4FY23.
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