Vedanta net profit jumps 72% to Rs 5,473 crore in Q1

Mahindra & Mahindra, Hyundai Motor India, Vedanta and Exide Industries reported their June quarter earnings on Thursday. Vedanta led with a 71.8% rise in consolidated net profit to Rs 5,473 crore, driven by higher sales amid rising global metal prices and a weaker rupee. Revenue jumped 53.6% to Rs 24,205 crore.

M&M posted a 34% year-on-year increase in profit after tax to Rs 5,455 crore, with revenue up 28% at Rs 58,188 crore. The auto and farm segments grew profits 18%. Hyundai Motor India saw a 35% drop in profit to Rs 888.62 crore on lower revenue and higher expenses. Exide Industries reported a 28% rise in profit to Rs 351.3 crore, helped by strong sales.

All four companies released their numbers in regulatory filings or media statements on Thursday. The results reflect mixed performance across sectors, with metal and auto firms gaining while Hyundai faced headwinds.