Vedanta Q4 Net Profit Declines

02 May 2024 CW Team

Vedanta Limited, a leading global diversified natural resources company, reported a 27% decline in net profit for the fourth quarter of the fiscal year. The dip in profit was primarily attributed to a one-time impairment charge.

Despite facing challenges, Vedanta remains a prominent player in the natural resources sector, with a diversified portfolio encompassing metals, oil and gas, and mining operations. The company has consistently focused on operational excellence and sustainability initiatives to drive long-term value creation.

In the fourth quarter, Vedanta witnessed a decline in revenue from its oil and gas segment, reflecting the broader challenges faced by the industry amidst fluctuating global oil prices and demand dynamics. However, the company remains committed to optimizing its operations and exploring growth opportunities to mitigate these challenges.

The one-time impairment charge impacting Vedanta's quarterly profit underscores the importance of prudent financial management and risk mitigation strategies in the volatile commodities market. Despite this setback, Vedanta continues to pursue its strategic objectives, leveraging its strong asset base and operational expertise.

Looking ahead, Vedanta remains cautiously optimistic about the future outlook for the natural resources sector, anticipating a gradual recovery in demand and prices. The company remains committed to its long-term growth trajectory, focusing on innovation, technology adoption, and sustainable practices to drive value for its stakeholders.

Key Highlights:

Vedanta Limited reports a 27% decline in net profit for Q4. Revenue from the oil and gas segment experiences a downturn. One-time impairment charge impacts quarterly financials. Vedanta maintains focus on operational excellence and sustainability. Company remains cautiously optimistic about future outlook.

Infrastructure Energy

14 Oct 2025

BPCL, RBML Join Hands To Boost CNG And City Gas Network

Bharat Petroleum Corporation Ltd (BPCL) and Reliance BP Mobility Ltd (RBML) have entered into a strategic collaboration to expand their footprint in city gas distribution (CGD) and compressed natural gas (CNG) sales across India. RBML, a 50:50 joint venture between Reliance Industries Ltd and BP Plc (UK), operates in the mobility segment under the Jio-bp brand. The partnership seeks to enhance the reach of cleaner, more affordable fuel options while advancing India’s transition towards a gas-based economy. Rahul Tandon, Business Head – Gas at BPCL, said the partnership would help “deli..

India To Launch National Stockpile For Rare Earth Minerals

The Indian government is preparing to launch the National Critical Mineral Stockpile (NCMS), a strategic initiative designed to secure the nation’s access to rare earth elements essential for clean energy, defence, and high-technology manufacturing, according to a report by The Economic Times. The move follows China’s recent export restrictions on rare earth magnets — critical components used in electric vehicles (EVs), wind turbines, and advanced electronics — which have disrupted global supply chains and highlighted India’s import dependence. A senior government official told ET ..

SBI Processes Rs 744 Billion In Digital SME Loans

The State Bank of India (SBI) has processed Rs 744.34 billion in digital loans for small and medium enterprises (SMEs) across 225,000 accounts under its SME Digital Business Loans programme up to August 2025, the bank announced on Friday. This total includes 67,299 MSME Mudra loans amounting to Rs 32.42 billion. Launched in FY24, the SME Digital Business Loans platform allows MSME entrepreneurs to apply online for credit requirements of up to Rs 50 million. In a statement, SBI said, “MSME advances have been identified as a key growth and profitability driver for the next five years. This ..