Vedanta on Thursday approved the demerger of its surplus real estate assets into a separate company, Vedanta Property Platforms (VPPL), as the mining and metals major reported a 72% jump in consolidated net profit for the first quarter of FY27 on the back of higher metal prices, stronger sales and a weaker rupee. Consolidated net profit rose 71.8% year-on-year to Rs 5,473 crore for the quarter ended June, from Rs 3,185 crore a year earlier. Revenue from operations surged 53.6% to Rs 24,205 crore from Rs 15,754 crore, while expenses increased to Rs 17,558 crore from Rs 13,203 crore, the company said in a regulatory filing.