PR Newswire
MUMBAI, India, Jan. 29, 2021
MUMBAI, India, Jan. 29, 2021 /PRNewswire/ -- Vedanta Limited today announced its unaudited consolidated results for the Third quarter (Q3) and Nine Months ended 31st December 2020.
Financial & Corporate Highlights
Operational Highlights
1. Excludes custom smelting at Copper India and Zinc India operations
Mr. Sunil Duggal, Chief Executive Officer, Vedanta, said, "We continue to strengthen our position as one of the largest diversified natural resource businesses in the world with our strategy focused on value-added growth. Our businesses stayed resilient in the quarter amidst uncertain market environment as we continued with our winning streak reporting the highest EBITDA in last two years. We continue to ramp up across the Zinc and Iron & Steel verticals along with successful project delivery in the Oil & Gas vertical. Aluminium business has had yet another exemplary quarter as it continued the momentum of cost rationalisation from improved integration and systemic improvements. As we look forward to the year, we have in place the building blocks to enhance our performance in all our businesses as we continue to deliver for all our stakeholders."
Mr. GR Arun Kumar, Chief Financial Officer, Vedanta, said, "We are focussed on driving operations effectively in this conducive price environment to maximise earnings to cash conversion, allocate capital wisely while supporting high return organic growth projects across businesses and continue to drive costs down structurally to sustain these cash flows into future. The Balance Sheet continues to remain strong with a consolidated Net Debt / EBITDA ratio of ~1.5X with improving debt maturity profile. Yet we target to reduce net debt by above Rs 5,000 crores in the coming quarter. ROCE at double digit levels of ~13% will thus leave enough on the table to ensure good shareholder returns. The guidance has remained constant or better through the year on volumes, costs, below EBITDA items as well as growth capex thus delivering a well-managed set of financials during the year."
Consolidated Financial Performance
The consolidated financial performance of the company during the period is as under:
(In Rs. crore, except as stated) | ||||||||
FY2020 | Particulars | Q3 | % | Q2* | % | 9M | ||
FY2021 | FY2020 | FY2021 | FY2021 | FY2020 | ||||
83,545 | Net Sales/Income from operations | 22,498 | 21,126 | 6% | 20,804 | 8% | 58,989 | 64,032 |
902 | Other Operating Income | 237 | 234 | 2% | 303 | (22%) | 826 | 660 |
21,060 | EBITDA | 7,695 | 6,531 | 18% | 6,531 | 18% | 18,234 | 16,216 |
29% | EBITDA Margin1 | 39% | 34% | - | 36% | - | 35% | 29% |
4,977 | Finance cost | 1,321 | 1,231 | 7% | 1,312 | 1% | 3,885 | 3,913 |
2,443 | Investment Income | 771 | 629 | 23% | 621 | 24% | 2,409 | 1,832 |
(306) | Exchange gain/(loss) - (Non-operational) | 177 | (0) | - | 30 | - | 200 | (32) |
18,220 | Profit before Depreciation and Taxes | 7,322 | 5,928 | 24% | 5,870 | 25% | 16,958 | 14,103 |
9,093 | Depreciation & Amortization | 1,912 | 2,291 Werbung Mehr Nachrichten zur Vedanta ADR Aktie kostenlos abonnieren
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