July 26, 2019 / 10:54 AM / 5 months ago

Vedanta June-quarter profit falls nearly 12%

BENGALURU, July 26 (Reuters) - Indian mining conglomerate Vedanta Ltd reported a 11.9% fall in quarterly profit on Friday as declining commodity prices hurt revenue and margins.

Profit came in at 13.51 billion rupees ($195.98 million) for three months ended June 30, compared with 15.33 billion rupees a year earlier, the company said.

Analysts on an average had expected the company to post a profit of 13.77 billion rupees, according to Refinitiv data.

Revenue from operations for the quarter fell 3.5%. ($1 = 68.9354 Indian rupees) (Reporting by Derek Francis in Bengaluru; editing by Uttaresh.V)

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