Metal and mining company Vedanta Limited's consolidated net profit in the second quarter (July-September) of the financial year 2024-25 increased to ₹ 5,603 crore on an annual basis (YoY). The company had suffered a loss of ₹915 crore in the same quarter a year ago.
Vedanta has released its second quarter results today i.e. on 8th November. The company's consolidated revenue from operations has declined by 3.56% on an annual basis.
Revenue in the second quarter stood at ₹37,171 crore
Revenue from operations stood at ₹37,171 crore in Q2FY25. Revenue in the same quarter a year ago i.e. second quarter of FY24 was ₹38,546 crore.
Vedanta gave 93.27% return in one year
Vedanta shares closed 0.09% higher at ₹458 today. In the last one year, the company's shares have given a return of 93.27% to its investors. The stock has risen 13.21% in the last 6 months. The market cap of the company is Rs 1.79 lakh crore.
What is standalone and consolidated?
The results of companies come in two parts – standalone and consolidated. Standalone shows the financial performance of only one unit. Whereas, in the consolidated financial report, the entire company is reported.
Anil Aggarwal is the chairman and founder of Vedanta.
Vedanta is one of the world's largest companies producing zinc, lead, aluminum and silver. Its founder and chairman Anil Aggarwal is known as the Metal Man of India. Its Chief Executive Officer (CEO) is Sunil Duggal.
Graphics Source: VaskarAssets
