Vedanta’s Q3 profit jump 58% to Rs 4,224 crore on higher realisation
Its total income during the October-December quarter rose to Rs 23,621 crore from Rs 22,007 crore in the year-ago period, the filing said.
Its total income during the October-December quarter rose to Rs 23,621 crore from Rs 22,007 crore in the year-ago period, the filing said.
In the broader markets, the S&P BSE MidCap and SmallCap also traded lower by 0.14 and 0.50 per cent respectively.
Company's total expenses were at Rs 10,190.03 crore in the third quarter of financial year 2020-21.
During the quarter, grocery business and electronics stores sustained double-digit growth, while the fashion and lifestyle business delivered a strong rebound, surpassing the pre-COVID levels.
Income from interest also plunged to Rs 170.94 crore from Rs 424.22 crore earlier.
Company’s expense rose by 14.52 per cent to Rs 1,642.6 crore during the quarter under review. In the year-ago period it was at Rs 1,434.3 crore.
Bank’s total income during the quarter under review grew 38.3 per cent to Rs 2,625 crore from Rs 1,898 crore in the same period of 2019-20.
After witnessing its 52-week high of Rs 1,144.1, up 12.18 per cent on the BSE, the shares were trading at Rs 1,128.75, up by 10.68 per cent.
The shares were trading 1.17 per cent higher on the NSE at Rs 1,683.00. Earlier, it traded 5.79 per cent higher to Rs 1,760.
The company's market valuation rose to Rs 12,09,768 crore during morning trade on the BSE.
