Vedanta Ltd. reported a strong performance in its March quarter, with a sharp rise in aluminium segment operating profit and revenue, and a robust growth in India revenue from zinc, lead, and silver businesses. However, the consolidated net profit of ₹34.83 billion for the March quarter was below analysts' expectation of ₹37.20 billion.The company’s consolidated net profit was up 2.5 times on a year basis but down 1.8% sequentially. The on-year growth of 2.5 times was the highest in 14 quarters. Vedanta’s consolidated revenue from operations increased by 14% on year and 3.4% sequentially, reaching ₹404.6 billion, which was above the street estimate of ₹386.9 billion.
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