Vedanta Q3 PAT drops 41% on higher input cost, windfall tax
The Free Press Journal|January 28, 2023
Vedanta Ltd on Friday reported a 40.8 per cent drop in consolidated net profit at Rs 2,464 crore in the quarter ended December 31, 2022 on the back of higher input cost and windfall tax.
Vedanta Q3 PAT drops 41% on higher input cost, windfall tax

The company had posted its consolidated net profit at Rs 4,164 crore in the year-ago period, Vedanta Ltd said in a filing to BSE.

However, the consolidated income of the company in the October-December period increased marginally by 0.4 per cent to Rs 34,818 crore from Rs 34,674 crore in the year-ago period.

The consolidated expenses of the company during the third quarter of FY23 increased to Rs 31,327 crore from Rs 26,777 crore in the corresponding quarter of previous fiscal.

There has been an impact of Rs 333 crore due to introduction of windfall tax in July 2022.

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