The Hindu·3 min read·medium
Vedanta’s Q1 profit more than doubles, demerges real-estate business
T
The Hindu Bureau
✦AI Summary
Vedanta reported a 152% increase in net profit for the June quarter, driven by strong operational performance and cost efficiency. The company also announced the appointment of a new CEO and plans to demerge its real estate assets into a separate entity called Vedanta Property Platforms Limited.
Privately-owned miner Vedanta’s net profit soared more than two-and-half times in the June-end quarter marked by enhanced cost efficiency and strong output across all segments.
businesseconomy
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