Vedanta Posts Higher Q2 Profit on Rising Metal Prices
Indian conglomerate Vedanta reported a 9.11% rise in second quarter net profit to 36.50 billion rupees. The growth was driven by higher base metal prices and expanded profit margins.
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VEDANTA LTD posted a 9.11% rise in consolidated net profit to 36.50 billion rupees ($383.45 million) for the quarter ended September 30, driven by surging base metal prices. The India metals-to-oil conglomerate benefited from strong commodity markets during the period. The profit expansion outpaced increases in raw material costs.
