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| Exchange Disseminated Time | Vedanta Ltd has announced the following results for the quarter ended December 31, 2015:
The Unaudited Standalone results for the Quarter ended December 31, 2015
The Company has posted a net profit of Rs. 9677.20 million for the quarter ended December 31, 2015 where as the same was at Rs. 2593.80 million for the quarter ended December 31, 2014. Total Income is Rs. 79291.40 million for the quarter ended December 31, 2015 where as the same was at Rs. 86990.80 million for the quarter ended December 31, 2014.
- During the previous year, with effect from April 01, 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 01, 2014, was impacted in the quarter and year ended March 31, 2015, as a result the charge for the year ended March 31, 2015 was lower by Rs. 598.90 Crore. Consequently, the figures in respect of the depreciation charge for the quarter and nine months ended December 31, 2015/ previous periods/ year presented are not directly comparable.
The Consolidated Results are as follows:
The Unaudited Consolidated results for the Quarter ended December 31, 2015
The Group has posted a net profit after taxes, minority interest and share of profit of associates of Rs. 179.10 million for the quarter ended December 31, 2015 where as the same was at Rs. 15875.00 million for the quarter ended December 31, 2014. Total Income is Rs. 155919.60 million for the quarter ended December 31, 2015 where as the same was at Rs. 200527.70 million for the quarter ended December 31, 2014.
- During the previous year, with effect from April 01, 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 01, 2014, was impacted in the quarter and year ended March 31, 2015, as a result the charge for the year ended March 31, 2015 was lower by Rs. 864.85 Crore. Consequently, the figures in respect of the depreciation charge for the quarter and nine months ended December 31, 2015/ previous periods/ year presented are not directly comparable. |
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