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Vedanta Limited announced strong financials for Q2 FY2022, reporting a revenue of ₹30,048 crore, a 44% increase year-over-year. EBITDA surged by 62% to ₹10,582 crore, achieving a robust margin of 40%. Attributable PAT saw a remarkable rise of 486% to ₹4,644 crore. The company reduced net debt significantly by ₹7,232 crore, resulting in a low net debt/EBITDA ratio of 0.5x. Vedanta declared an interim dividend of ₹18.5 per share, totaling ₹6,855 crore. CRISIL upgraded its outlook from 'Stable' to 'Positive' with an AA- rating.
Vedanta Limited reported strong financial results for Q1 FY2022, achieving a 79% year-over-year revenue increase to ₹28,105 crore and a remarkable 314% rise in attributable profit after tax to ₹4,280 crore. EBITDA surged 150% year-over-year to ₹10,032 crore, reflecting an EBITDA margin of 41%. Net debt decreased significantly to ₹20,261 crore, marking a ₹6,989 crore reduction compared to the prior year. Operationally, the company reached record production levels in Aluminium and Zinc, showcasing resilience amid market fluctuations.
Hindustan Zinc Limited, a subsidiary of Vedanta, reported robust Q1 results for 2021, with Profit After Tax (PAT) increasing 46% to INR 1,983 Cr. Mined metal production rose 9% to 221kt, while refined metal production grew 17% to 236kt. Sales increased 64% y-o-y to INR 6,531 Cr, driven by higher demand and prices. Zinc cost of production stood at $1,070 per ton, reflecting a rise in input costs. The company aims to maintain production and sales targets despite challenges from rising commodity prices.
Vedanta Limited reported robust audited consolidated results for Q4 and FY2021, showcasing an 88% YoY increase in EBITDA to ₹9,107 crore for Q4 and a 30% increase to ₹27,341 crore for the fiscal year. The net debt decreased by 32% to ₹24,414 crore, reflecting strong liquidity with cash equivalents of ₹32,614 crore. Attributable PAT before exceptional items reached ₹7,013 crore for Q4 and ₹12,151 crore for FY2021. Record production was achieved in Zinc India and Aluminium segments, though Oil & Gas production fell by 6%.
Hindustan Zinc reported record production in Q4 and FY 2021, with mined metal production reaching 288 kt and refined metal production at 256 kt. This resulted in a 58% revenue increase to INR 6,947 Crore and a 98% improvement in EBITDA, reaching INR 3,875 Crore. The net profit surged by 85% year-on-year to INR 2,481 Crore. The company maintained low zinc cost of production at $945 per MT, supported by efficient operations. The outlook for FY2022 is optimistic, with expected production growth and projected sales of 720 MT of silver.
Vedanta Limited reported strong financial results for Q3 FY2021 with revenues reaching ₹22,498 crores, an 8% increase quarter-over-quarter, attributed to rising commodity prices and higher sales across Aluminium, Iron Ore, and Steel. The EBITDA rose by 18% to ₹7,695 crores, marking the highest quarterly performance in over two years. The net profit after tax surged 51% to ₹3,017 crores. The company maintains a solid balance sheet with a net debt/EBITDA ratio of 1.5x and cash equivalents of ₹27,055 crores, underscoring a robust liquidity position.
Vedanta Limited filed its Form 20-F with the SEC, detailing its audited financial statements for the year ending March 31, 2020. The company, a major player in Oil & Gas and Metals, contributed 1% to India's GDP and recorded a high contribution of INR 42,560 Crore to the exchequer in FY 2019. Shareholders can request a physical copy of the Form at no cost. The company has received multiple sustainability awards and emphasizes governance, health, safety, and community development.
Vedanta Limited has reported strong financial results for Q2 FY2021, achieving revenues of ₹20,804 crores, a 33% increase quarter-on-quarter, driven by higher commodity prices and improved production in its Zinc, Iron ore, and Copper segments. EBITDA rose 63% to ₹6,531 crores, with a robust margin of 36%. Net Debt/EBITDA remains low at 1.2x, reflecting a strong balance sheet. However, the Attributable PAT of ₹824 crores represents a 62% decrease year-on-year, while average basic EPS was ₹2.22, indicating challenges despite overall operational successes.
Hindustan Zinc Limited, a subsidiary of Vedanta Limited, reported strong Q2 results with mined metal production reaching 238kt, up 9% year-on-year. Refined metal production was 237kt, a 13% increase, while silver production surged 51% to 203 MT. Revenue rose 25% YoY to INR 5,660 Crore, driven by higher metal volumes and silver prices. Despite a 7% decline in net profit from the previous year to INR 1,940 Crore, EBITDA increased 39% YoY. The company maintained a strong liquidity position with INR 27,631 Crore in cash, up from INR 20,437 Crore in Q1.
