MUMBAI: Mining and metals giant Vedanta Ltd reported a net profit of ₹2615 crore, down 46% from ₹4802 crore in the year-ago period. The company’s EBITDA was affected by lower commodity prices, rupee appreciation, and lower volumes at Zinc India. Gross debt was at ₹66,225 crore on 31 March 2019, an increase of ₹8,066 crore year-on-year. Net debt was at ₹26,956 crore, higher by ₹4,998 crore year-on-year. With the acquisition of Electrosteel Steels Ltd last year, steel production stood at 1.2mt, with an exit production run-rate of 1.5mtpa.

Source: Mint May 07, 2019 11:10 UTC