Vedanta First-Quarter Consolidated Profit More Than Doubles

Vedanta Ltd, the Indian unit of diversified energy group Vedanta Resources PLC, reported a 102 percent jump in quarterly consolidated profit, driven by better margins across most of the metals the company mines.

Consolidated profit stood at Rs 1,525 crore in the quarter ended June 30, compared with Rs 754 crore a year earlier, the metals and mining group said on Tuesday.

Analysts on average expected Vedanta to post a consolidated profit of Rs 1,631 crore, according to Thomson Reuters data.