BENGALURU - Indian miner Vedanta Ltd on Tuesday reported a 45.5 percent drop in fourth-quarter profit compared with the same period a year earlier, when it booked a hefty one-time gain.
Net profit fell to 26.15 billion rupees ($376.87 million) for the three months to March 31 from 48.02 billion rupees a year ago, Vedanta https://www.bseindia.com/xml-data/corpfiling/AttachLive/662359c6-c856-4ee8-82f3-d7900e33afcb.pdf said.
Last year, the company, controlled by billionaire Anil Agarwal, recorded a gain of 28.69 billion rupees after some asset impairment charges were reversed.
Revenue from operations came in at 230.92 billion rupees, compared with 273.11 billion rupees a year earlier.
($1 = 69.3875 Indian rupees)