Vedanta Limited: Consolidated Results for the First Quarter ended 30th June 2021

Q1 FY2022

• Revenue of ₹ 28,105 crore, up 79% Y-o-Y
• EBITDA of ₹ 10,032 crore, up by 150% Y-o-Y
• Robust Industry leading EBITDA margin¹ of 41%
• Att. PAT (before exceptional items) at ₹ 4,280 crore, up 314% Y-o-Y

Other Financial Highlights

• Improved double-digit ROCE at c.22% up ~375 bps Q-o-Q
• Net Debt/EBITDA at 0.6x, lowest in last 4 years
• Net Debt at ₹ 20,261 crore, reduction of ₹ 6,989 crore compared to 30^th June 2020
• Strong liquidity position with total cash and cash equivalent at ₹ 31,318 crore

Operational Highlights

• Aluminium & Power:
• Highest ever quarterly Aluminium production of 549kt
• Cost of production at $ 1,526 per tonne, up 20% Y-o-Y
• Zinc India
• Refined metal production of 236kt, up 17% Y-o-Y
• Silver production at 161 tonnes, up 37% Y-o-Y
• Zinc International:
• Gamsberg highest ever quarterly MIC production of 46 kt, up 84% Y-o-Y
• Gamsberg cost of production at $1,299/t, down 2% Y-o-Y
• Oil & Gas:
• Average gross operated production of 165 kboepd for Q1 FY2022
• Gas production ramped up with new terminal fully operational.
• Iron Ore:
• Production of saleable ore at Karnataka at 1.4 million tons, up 53% Y-o-Y
• Successful integration of recently acquired coke plant at Gujarat (Gujarat NRE Coke Limited) having capacity of 0.9 Mtpa
• Steel:
• Steel saleable production at 289 kt, up 8% Y-o-Y
• FACOR:
• 3x ore production in Q1 FY22 vs June quarter last year, turnaround performance from mines
• Copper India:
• Due legal process is being followed to achieve a sustainable restart of the operations