REUTERS - Vedanta Ltd (VDAN.NS), the Indian unit of diversified mining group Vedanta Resources Plc (VED.L), posted a 47 percent rise in second-quarter profit, helped by improved commodity prices and higher zinc and copper production.
Profit rose to 20.91 billion rupees ($323.52 million) in the three months through Sept. 30, from 14.24 billion rupees a year earlier. bit.ly/2gXo6u2
Analysts on average expected a profit of 23.26 billion rupees, Thomson Reuters data showed.
Total income grew about 24 percent to 224.66 billion rupees, the company said on Thursday.
($1 = 64.6325 Indian rupees)
Reporting by Krishna V Kurup in Bengaluru; Editing by Amrutha Gayathri