Vedanta's Q3 net profit falls 42%, announces dividend of Rs 12.5 a share

Vedanta Q3 result: On a quarterly basis, however, the profit is up 15 per cent

Vedanta on Friday recorded a 42 per cent fall in profit to Rs 3,092 crore in the quarter ending December (Q3FY23) as compared to same quarter last year (Q3FY22). Last year, the profit was Rs 5,354 crore. As compared to the previous quarter (Q2FY23), however, profit was up 15 per cent.

The total revenue of the company during the quarter was Rs 33,691 crore, down 7 per cent as compared to previous quarter. The quarterly EBITDA was Rs 7,100 crore with a margin of 24 per cent. 

"Q3FY23 revenue decreased by 7 per cent QoQ to Rs 33,691 crore on