Profit Falls By More Than Half, Margin Narrows

Vedanta Ltd.’s second-quarter net profit declined by more than half missing estimates, as metal prices fell and costs remained elevated.The mining company’s profit declined 59% sequentially to Rs 1,808 crore in the quarter ended September, according to its exchange filing. That compares with the average estimate of Rs 2,036-crore by analysts tracked by Bloomberg.Vedanta Q2 FY23 (Consolidated, QoQ)Revenue fell 5% at Rs 36,654 crore ag…