Sterlite Industries Ltd. (500900.BY) Monday posted a 17% drop in consolidated net profit for the third quarter because of higher costs and a foreign-exchange loss of INR2.59 billion.

Net profit for the October-December period fell to INR9.14 billion from INR11.01 billion a year earlier, the Vedanta Resources PLC (VED.LN) unit said. Sales rose 23.5% to INR102.46 billion.

Sterlite's results include those of units Hindustan Zinc Ltd. and unlisted Vedanta Aluminium Ltd.

- By Prasenjit Bhattacharya, Dow Jones Newswires; 91-11-4356-3358; prasenjit.bhattacharya@dowjones.com

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