Vedanta Q3FY24 results: Net profit falls over 18% to Rs 2,013 crore
In the previous quarter, Q2FY24, the company had reported a loss of Rs 1,866 crore
Anil Agarwal-led Vedanta Ltd on Thursday reported an 18.3 per cent fall in its consolidated net profit at Rs 2,013 crore in the quarter that ended on December 31, 2023 (Q3FY24) as compared to Rs 2,481 crore in the same quarter in 2022.
In the previous quarter, Q2FY24, the company had reported a loss of Rs 1,866 crore.
The revenue of the company was up 4 per cent to Rs 34,968 crore during the quarter. It was the company's highest Q3 revenue ever.
During the quarter, the company paid dividends worth Rs 4,089 crore.
The company also announced that its EBITDA margin was up by 507 basis points (bps) to 29 per cent in Q3FY24 as compared to Q3FY23. As compared to the previous quarter, the margin was up 438 bps.
The company's shares closed 0.4 per cent in the green at Rs 263.55 apiece on BSE.
