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| Exchange Disseminated Time | Vedanta Ltd has announced the following results for the quarter ended June 30, 2015:
The Unaudited Standalone results for the Quarter ended June 30, 2015
The Company has posted a net profit of Rs. 6096.10 million for the quarter ended June 30, 2015 where as the same was at Rs. 1702.40 million for the quarter ended June 30, 2014. Total Income is Rs. 86286.90 million for the quarter ended June 30, 2015 where as the same was at Rs. 77732.40 million for the quarter ended June 30, 2014.
- During the previous year, with effect from April 1, 2014, the Company had revised the estimated useful lives of fixed assets. The said changes in the estimates of useful lives of assets with effect from April 1, 2014, was impacted in the previous quarter ended March 31, 2015, as a result the charge for the quarter and year ended March 31, 2015 was lower by Rs. 598.90 Crore. Consequently, the figures in respect of the depreciation charge for the quarter ended June 30, 2015/ previous quarters/ year presented are not directly comparable.
The Consolidated Results are as follows:
The Unaudited Consolidated results for the Quarter ended June 30, 2015
The Group has posted a net profit after taxes, minority interest and share of profit of associates of Rs. 8659.40 million for the quarter ended June 30, 2015 where as the same was at Rs. 3755.60 million for the quarter ended June 30, 2014. Total Income is Rs. 181648.50 million for the quarter ended June 30, 2015 where as the same was at Rs. 184884.70 million for the quarter ended June 30, 2014.
- During the previous year, with effect from April 1, 2014, the Company had revised the estimated useful lives of fixed assets. The said changes in the estimates of useful lives of assets with effect from April 1, 2014, was impacted in the previous quarter ended March 31, 2015, as a result the charge for the quarter and year ended March 31, 2015 was lower by Rs. 864.85 Crore. Consequently, the figures in respect of the depreciation charge for the quarter ended June 30, 2015/ previous quarters/ year presented are not directly comparable. |
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