1
Everything Mining Industry Country Focus How to Guide
 
Intelligence on industry and mining
 
 
Back

Vedanta misses Q4 profit estimates on lower prices

By:  
 
BASE METALS
ndian mining group Vedanta reported a 27% drop in fourth-quarter profit on Thursday, reflecting weaker prices of major metals like aluminium and zinc amid ballooning finance costs. The oils-to-metals conglomerate, led by billionaire Anil Agarwal, posted a consolidated net profit of 13.69-billion rupees (about $164-million), falling behind analysts' estimates of 21.10-billion rupees, as per LSEG data.
 
 
 
 
 

Latest content...

Register for daily alerts on news as it breaks in various key economic sectors - Click here to register