Vedanta Wednesday last reported a 43 per cent drop in profit after tax (PAT) at Rs 1,135 crore for September quarter on lower interest income. The company posted Rs 1,990 crore profit in the corresponding quarter last year. The board of the company announced an interim dividend of Rs 17 per share for fiscal year 2019. The net sales for the quarter rose 5 per cent to Rs 22,705 crore, which beat analysts' estimate of Rs 20,459 crore. The revenues rose on higher volumes at its aluminium business, higher availability at Talwandi Sabo Power, acquisition of Electrosteel, currency depreciation and higher commodity prices.
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