Vedanta Q1 net profit rises 6% to Rs 5,592 cr; revenue jumps 36%

The company's depreciation and amortisation increased by 16% year-on-year to Rs 2,464 crore on account of higher depletion charge in oil and gas and higher ore production at Zinc India

Diversified natural resources company Vedanta Ltd on Thursday reported 6% rise in net profit at Rs 5,592 crore for the quarter ending June 30, 2022. 

The company's consolidated revenue increased 36% to Rs 38,251 crore. 

Sunil Duggal, Chief Executive Officer, Vedanta, said: “I am pleased to report that we have started FY23 with strong performance, underpinned by our world class assets and strength of our business model. We recorded best-ever 1Q EBITDA of Rs 10,741 crore and PAT of Rs 5,592 crore despite inflationary cost pressures. This year, our key priorities will be delivery on committed volumes, timely execution of