Vedanta Resources has said that it has recorded an increase of 21 per cent in its core profits at US$ 4.888 billion for the financial year 20012-2013.

The India focused natural resources giant had recorded a. earnings before interest, taxes, depreciation and amortisation of US$ 4.026 billion in the financial year 2011-12. The company said that its revenues rose 7 per cent to US£ 14.989 billion in the financial year 2012-2013 compared to US$ 14.005 billion recorded in the previous financial year.

"Improved attributable profit from Cairn India's first full year of operation, lower losses in Vedanta Aluminium Ltd improved the attributable profit of the Company. However, this was impacted by lower profits from our Iron Ore business, Copper Zambia and higher interest at Group level," the company said.

Net profit increased US$ 157.4 million from US$ 59.8 million, recording an increase of 163 per cent due to changes in profit mix and profits earned for its stake in Cairn India. Cairn India, which was recently acquired by Vedanta Resources in 2011, has said that its net profit recorded an increase of 17.3 per cent to Rs. 2,563.60 crore during the quarter till March, 2013 compared to the same quarter of the previous year.