Net profit of Vedanta declined 21.06% to Rs 1574.00 crore in the quarter ended December 2018 as against Rs 1994.00 crore during the previous quarter ended December 2017. Sales declined 2.84% to Rs 23669.00 crore in the quarter ended December 2018 as against Rs 24361.00 crore during the previous quarter ended December 2017.

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The result was announced after market hours yesterday, 31 January 2019.Meanwhile, the S&P BSE Sensex was up 140.16 points, or 0.39% to 36,396.85.

On the BSE, 43.80 lakh shares were traded in the counter so far compared with average daily volumes of 4.98 lakh shares in the past two weeks. The stock had hit a high of Rs 180.50 and a low of Rs 158.35 so far during the day.

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Vedanta Ltd fell 19.09% today to trade at Rs 159.8. The S&P BSE Metal index is down 4.9% to quote at 10421.34. The index is down 8.15 % over last one month. Among the other constituents of the index, Hindustan Zinc Ltd decreased 6.45% and Jindal Steel & Power Ltd lost 2.63% on the day. The S&P BSE Metal index went down 32.62 % over last one year compared to the 1.22% surge in benchmark SENSEX.

Vedanta Ltd has lost 17.24% over last one month compared to 8.15% fall in S&P BSE Metal index and 1.27% rise in the SENSEX. On the BSE, 16.8 lakh shares were traded in the counter so far compared with average daily volumes of 6.98 lakh shares in the past one month. The stock hit a record high of Rs 346.4 on 31 Jan 2018. The stock hit a 52-week low of Rs 159 on 01 Feb 2019.

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The Board of Vedanta at its meeting held on 31 January 2019 has approved the appointment of Srinivasan Venkatakrishnan (Venkat) as the Whole-Time Director (Additional Director) designated as CEO & KMP of the Company w.e.f. 01 March 2019 up to 31 August 2021 (on recommendation of Nomination and Remuneration Committee), subject to the approval of the members at the ensuing Annual General Meeting of the Company.

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