Read more about Vedanta’s Q1 profit tumbles 23.5% as Covid-19 lockdown hurts output, demand on Business Standard. Vedanta’s Hindustan Zinc, also Asia’s most valuable zinc producer, reported a 23% drop in June-quarter profit on lower prices and production
Billionaire Anil Agarwal’s Indian commodities conglomerate Ltd. posted a 23.5% drop in quarterly profit as one of the world’s strictest lockdowns hit production and demand. Group net income slumped to Rs 1,033 crore ($141 million) in the three months to June from Rs 1,351 crore a year earlier, the company said in a statement late Saturday.
