Vedanta on Thursday reported a consolidated profit of Rs 6,432 crore for March quarter 2020-21 on the back of various factors, including better volumes and lower cost of production. It had posted a loss (attributable to owners of Vedanta) of Rs 12,521 crore a year ago.

The company’s income in the period under review increased to Rs 29,065 crore from Rs 20,382 crore in the same period a year ago.

Vedanta Group CEO Sunil Duggal said the company’s businesses delivered record operational performance, maintaining the trajectory of cost and volumes, driven by structural integration and technology adoption.

Vedanta Group deputy CFO Ajay Goel said: “Last year, we had taken one impairment in our oil and gas business...that is a one time non-cash charge that led the bottomline to become red,” he said.

“In the fourth quarter our volumes zinc and aluminium were record high. The cost of production is lower in almost all the portfolios.”