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Vedanta reports positive production and financial results

Indian mining company Vedanta Group announced its production and financial results.

Vedanta reports positive production and financial results

Vedanta, an Indian mining company, has announced that its aluminum production reached a total of 584,000 tons in the second quarter of the current fiscal year. This represents a 3% increase compared to the previous quarter and a 2.5% increase from the same period last year.

Additionally, zinc output during the July-September quarter rose by 3% year on year to 255,000 tons, primarily attributed to improved grades and a better mill recovery.

In the first quarter of fiscal year 2023, Vedanta witnessed a 6% year-on-year growth in net profit, amounting to Rs 5,592 crore, driven by a substantial 36% increase in net sales to Rs 38,251 crore during that period.

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