|
Vedanta consolidated net sales increased
41.18% to Rs 39822 crore in Q4FY22 compared to Q4FY21 supported by higher sale
volumes and improved commodity prices.
Sales of Iron Ore segment has gone up 8.05% to Rs 1,866.00 crore
(accounting for 4.70% of total sales).
Sales of Power segment has gone up 16.43% to Rs 1,687.00 crore
(accounting for 4.25% of total sales).
Sales of oil & Gas segment has gone up 52.48% to Rs 3,940.00 crore
(accounting for 9.92% of total sales).
Sales of copper segment has gone up 10.29% to Rs 4,351.00 crore
(accounting for 10.96% of total sales).
Sales of Aluminum segment has gone up 75.29% to Rs 15,475.00 crore
(accounting for 38.98% of total sales).
Sales of others segment has gone up 43.19% to Rs 2,556.00 crore (accounting
for 6.44% of total sales). Sales of
segment has gone up 38.00% to Rs 1,242.00 crore (accounting for 3.13% of total
sales). Sales of Zinc & Lead - India
segment has gone up 41.17% to Rs 7,551.00 crore (accounting for 19.02% of total
sales). Sales of Silver - India segment
fell 23.26% to Rs 1,036.00 crore (accounting for 2.61% of total sales). Inter-segment sales rose Rs 43.00 crore to Rs
362.00 crore.
Operating profit margin has jumped from
32.04% to 34.23%, leading to 50.86% rise in operating profit to Rs 13,633.00
crore. Raw material cost as a % of total
sales (net of stock adjustments) increased from 26.12% to 27.76%. Purchase of finished goods cost rose from
0.06% to 0.09%. Employee cost decreased
from 2.53% to 1.78%. Other expenses
fell from 39.08% to 36.68%. Power and
Oil fuel cost rose from 14.15% to 15.65%.
Other income fell 28.87% to Rs 611
crore. PBIDT rose 43.94% to Rs 14244
crore. Provision for interest rose 0.60%
to Rs 1333 crore. PBDT rose 50.64% to Rs
12911 crore. Provision for depreciation
rose 15.77% to Rs 2379 crore.
Profit before interest, tax and other
unallocable items (PBIT) has jumped 51.18% to Rs 13,768.00 crore. PBIT of Iron Ore segment fell 30.90% to Rs
548.00 crore (accounting for 3.98% of total PBIT). PBIT of Power segment rose 9.30% to Rs 188.00
crore (accounting for 1.37% of total PBIT).
PBIT of oil & Gas segment rose 92.05% to Rs 2,053.00 crore (accounting
for 14.91% of total PBIT). PBIT of
copper reported profit of Rs 15.00 crore compared to loss of Rs 71.00
crore. PBIT of Aluminum segment rose
90.51% to Rs 5,218.00 crore (accounting for 37.90% of total PBIT). PBIT of others segment fell 18.72% to Rs
291.00 crore (accounting for 2.11% of total PBIT). PBIT of segment rose 29.69% to Rs 4,988.00
crore (accounting for 36.23% of total PBIT).
PBIT of segment rose 132.34% to Rs 467.00 crore (accounting for 3.39% of
total PBIT).
PBIT margin of Iron Ore segment fell from
45.92% to 29.37%. PBIT margin of Power
segment fell from 11.87% to 11.14%. PBIT
margin of oil & Gas segment rose from 41.37% to 52.11%. PBIT margin of copper segment rose from
negative 1.80% to 0.34%. PBIT margin of
Aluminum segment rose from 31.03% to 33.72%.
PBIT margin of others segment fell from 20.06% to 11.38%. PBIT margin of segment rose from 22.33% to
37.60%. Overall PBIT margin rose from
32.62% to 34.68%.
Profit before EO grew 61.63% to Rs 10,532.00
crore. Net EO expense during the quarter
was Rs 308.00 crore compared to net EO expense of Rs 586 crore. PBT after EO
was up 72% to Rs 10224 crore. Provision
for tax was debit of Rs 2963 crore, compared to credit of Rs 1699 crore. Effective tax rate was 28.98% compared to negative
28.66%.
Minority interest increased 22.24% to Rs
1,462.00 crore. Net profit attributable
to owners of the company decreased 9.84% to Rs 5,799.00 crore.
Equity capital stood at Rs 372.00 crore as of
31 March 2022 to Rs 372.00 crore as of 31 March 2021. Per share face Value remained same at Rs
1.00.
Promoters’ stake was 69.69% as of 31 March
2022 compared to 55.11% as of 31 March 2021 .
Promoters pledged stake was 99.99% as of 31 March 2022 compared to
99.99% as of 31 March 2021.
Full
year results analysis
Net sales of Vedanta have increased 50.80% to
Rs 132732 crore. Sales of Iron Ore
segment has gone up 40.24% to Rs 6,350.00 crore (accounting for 4.82% of total
sales). Sales of Power segment has gone
up 8.39% to Rs 5,826.00 crore (accounting for 4.42% of total sales). Sales of oil & Gas segment has gone up
65.05% to Rs 12,430.00 crore (accounting for 9.44% of total sales). Sales of copper segment has gone up 39.13% to
Rs 15,151.00 crore (accounting for 11.50% of total sales). Sales of Aluminum segment has gone up 77.63%
to Rs 50,881.00 crore (accounting for 38.63% of total sales). Sales of others segment has gone up 48.26% to
Rs 7,972.00 crore (accounting for 6.05% of total sales). Sales of segment has gone up 64.31% to Rs
4,484.00 crore (accounting for 3.40% of total sales). Sales of Zinc & Lead - India segment has
gone up 39.13% to Rs 24,418.00 crore (accounting for 18.54% of total
sales). Sales of Silver - India segment
fell 4.02% to Rs 4,206.00 crore (accounting for 3.19% of total sales). Inter-segment sales rose Rs 143.00 crore to
Rs 526.00 crore.
Operating profit margin has jumped from
31.04% to 33.77%, leading to 64.08% rise in operating profit to Rs 44,824.00
crore. Raw material cost as a % of total
sales (net of stock adjustments) increased from 26.19% to 27.58%. Purchase of finished goods cost rose from
0.05% to 0.10%. Employee cost decreased
from 3.28% to 2.09%. Other expenses fell
from 39.16% to 36.98%. Power and Oil
fuel cost rose from 15.68% to 15.70%.
Other income fell 24% to Rs 2600 crore. PBIDT rose 54.28% to Rs 47424 crore. Provision for interest fell 7.93% to Rs 4797
crore. Loan funds declined from Rs
57,669.00 crore as of 31 March 2021 to Rs 53,583.00 crore as of 31 March
2022. Inventories rose to Rs 14,313.00
crore as of 31 March 2022 from Rs 9,923.00 crore as of 31 March 2021. Sundry debtors were higher at Rs 4,946.00
crore as of 31 March 2022 compared to Rs 3,491.00 crore as of 31 March
2021. Cash and bank balance declined
from Rs 16,629.00 crore as of 31 March 2021 to Rs 15,592.00 crore as of 31
March 2022. Investments rose to Rs
17,291.00 crore as of 31 March 2022 from Rs 16,660.00 crore as of 31 March 2021
.
PBDT rose 66.97% to Rs 42627 crore. Provision for depreciation rose 16.46% to Rs
8895 crore. Fixed assets increased to Rs
1,06,220.00 crore as of 31 March 2022 from Rs 1,03,309.00 crore as of 31 March
2021. Intangible assets declined from Rs
3,475.00 crore to Rs 3,125.00 crore.
Profit before interest, tax and other
unallocable items (PBIT) has jumped 65.75% to Rs 45,319.00 crore. PBIT of Iron Ore segment rose 26.39% to Rs
2,280.00 crore (accounting for 5.03% of total PBIT). PBIT of Power segment fell 23.10% to Rs
1,082.00 crore (accounting for 2.39% of total PBIT). PBIT of oil & Gas segment rose 86.90% to
Rs 5,992.00 crore (accounting for 13.22% of total PBIT). PBIT of copper segment rose 35.03% to Rs
-115.00 crore (accounting for -0.25% of total PBIT). PBIT of Aluminum segment rose 123.67% to Rs
17,337.00 crore (accounting for 38.26% of total PBIT). PBIT of others segment rose 14.15% to Rs
1,049.00 crore (accounting for 2.31% of total PBIT). PBIT of Zinc,Lead and Silver_India segment
rose 39.08% to Rs 16,161.00 crore (accounting for 35.66% of total PBIT). PBIT of segment rose 89.03% to Rs 1,533.00
crore (accounting for 3.38% of total PBIT).
PBIT margin of Iron Ore segment fell from
39.84% to 35.91%. PBIT margin of Power
segment fell from 26.18% to 18.57%. PBIT
margin of oil & Gas segment rose from 42.57% to 48.21%. PBIT margin of copper segment rose from
negative 1.63% to negative 0.76%. PBIT
margin of Aluminum segment rose from 27.06% to 34.07%. PBIT margin of others segment fell from
17.09% to 13.16%. PBIT margin of segment
rose from 29.72% to 34.19%. Overall PBIT
margin rose from 31.42% to 34.41%.
Profit before EO grew 88.54% to Rs 33,732.00
crore. Net EO expense during the quarter
was Rs 590 crore compared to net EO expense of Rs 524 crore. PBT after EO was
up 91% to Rs 33143 crore. Provision for
tax was expense of Rs 9433 crore, compared to Rs 2334 crore. Effective tax rate was 28.46% compared to
13.44%.
Minority interest increased 43.09% to Rs
4,908.00 crore. Net profit attributable
to owners of the company increased 62.06% to Rs 18,802.00 crore.
Equity capital stood at Rs 372.00 crore as of
31 March 2022 to Rs 372.00 crore as of 31 March 2021. Per share face Value remained same at Rs
1.00.
Promoters’ stake was 69.69% as of 31 March
2022 ,compared to 55.11% as of 31 March 2021 .
Promoters pledged stake was 99.99% as of 31 March 2022 compared to
99.99% as of 31 March 2021 .
Cash flow from operating activities increased
to Rs 34,963.00 crore for year ended March 2022 from Rs 23,980.00 crore for
year ended March 2021. Cash flow used in
acquiring fixed assets during the year ended March 2022 stood at Rs 10,630.00
crore, compared to Rs 6,886.00 crore during the year ended March 2021.
Mr
Sunil Duggal, Chief Executive Officer, Vedanta, said “I am delighted to
share record operational and financial performance for FY22. We have delivered
historical best EBITDA of Rs 45,319 crore and PAT (before exceptional and
one-time tax credit) of Rs 24,299 crore. This reflects our relentless focus on
volume growth and operational efficiency, underpinned by structural integration
and technology adoption. The strong free cash flow (pre capex) of Rs 27,154
crore has allowed us to reinvest for growth, further strengthen our balance
sheet and continue our attractive dividend pay-out. As a part of our ESG
Journey, we have signed an agreement for 580 MW renewable power distribution
which brings us one step closer towards becoming a Net Zero Carbon
organization. As we leap forward, we are committed to make Vedanta stronger
through growth, vertical integration, operational efficiencies and renewed ESG
purpose.”
The scrip is currently trading at Rs 411
|
Vedanta : Consolidated Results
|
|
Particulars
|
2203
(03)
|
2103
(03)
|
Var.(%)
|
2203
(12)
|
2103
(12)
|
Var.(%)
|
|
Net
Sales
|
39,822
|
28,206
|
41
|
132732
|
88,021
|
51
|
|
OPM
(%)
|
34.2
|
32.0
|
|
33.8
|
31.0
|
|
|
OP
|
13,633
|
9,037
|
51
|
44,824
|
27,318
|
64
|
|
Other
Inc.
|
611
|
859
|
-29
|
2,600
|
3,421
|
-24
|
|
PBIDT
|
14,244
|
9,896
|
44
|
47,424
|
30,739
|
54
|
|
Interest
|
1,333
|
1,325
|
1
|
4,797
|
5,210
|
-8
|
|
PBDT
|
12,911
|
8,571
|
51
|
42,627
|
25,529
|
67
|
|
Depreciation
|
2,379
|
2,055
|
16
|
8895
|
7638
|
16
|
|
PBT
|
10,532
|
6,516
|
62
|
33732
|
17891
|
89
|
|
Share
of Profit/(Loss) from Associates
|
0
|
-1
|
-
|
1
|
-1
|
LP
|
|
PBT
before EO
|
10532
|
6515
|
62
|
33733
|
17890
|
89
|
|
EO
Income
|
-308
|
-586
|
47
|
-590
|
-524
|
-13
|
|
PBT
after EO
|
10224
|
5929
|
72
|
33143
|
17366
|
91
|
|
Taxation
|
2963
|
-1699
|
PL
|
9433
|
2334
|
304
|
|
PAT
|
7261
|
7628
|
-5
|
23710
|
15032
|
58
|
|
Minority
Interest (MI)
|
1462
|
1196
|
22
|
4908
|
3430
|
43
|
|
Net
profit
|
5799
|
6432
|
-10
|
18802
|
11602
|
62
|
|
EPS
(Rs)*
|
#
|
#
|
|
51.3
|
32.0
|
|
|
Notes
|
|
*
EPS is on current equity of Rs 371.72 crore, Face value of Rs 1, Excluding
extraordinary items.
|
|
#
EPS is not annualised
|
|
bps
: Basis points
|
|
EO
: Extraordinary items
|
|
Figures
in Rs crore
|
|
Source:
Capitaline Corporate Database
|
|
Vedanta : Consolidated Segment
Results
|
|
|
%
of (Total)
|
2203
(03)
|
2103
(03)
|
Var.(%)
|
%
of (Total)
|
2203
(12)
|
2103
(12)
|
Var.(%)
|
|
Sales
|
|
Iron
Ore
|
5
|
1,866
|
1,727
|
8
|
5
|
6,350
|
4,528
|
40
|
|
Power
|
4
|
1,687
|
1,449
|
16
|
4
|
5,826
|
5,375
|
8
|
|
oil
& Gas
|
10
|
3,940
|
2,584
|
52
|
9
|
12,430
|
7,531
|
65
|
|
copper
|
11
|
4,351
|
3,945
|
10
|
12
|
15,151
|
10,890
|
39
|
|
Aluminum
|
39
|
15,475
|
8,828
|
75
|
39
|
50,881
|
28,644
|
78
|
|
others
|
6
|
2,556
|
1,785
|
43
|
6
|
7,972
|
5,377
|
48
|
|
Zinc
International
|
3
|
1,242
|
900
|
38
|
3
|
4,484
|
2,729
|
64
|
|
Zinc
& Lead - India
|
19
|
7,551
|
5,349
|
41
|
19
|
24,418
|
17,550
|
39
|
|
Silver
- India
|
3
|
1,036
|
1,350
|
-23
|
3
|
4,206
|
4,382
|
-4
|
|
Total
Reported Sales
|
100
|
39,704
|
27,917
|
42
|
100
|
131,718
|
87,006
|
51
|
|
Less:
Inter segment revenues
|
|
362
|
43
|
742
|
|
526
|
143
|
268
|
|
Net
Sales
|
|
39,342
|
27,874
|
41
|
|
131,192
|
86,863
|
51
|
|
PBIT
|
|
Iron
Ore
|
4
|
548
|
793
|
-31
|
5
|
2,280
|
1,804
|
26
|
|
Power
|
1
|
188
|
172
|
9
|
2
|
1,082
|
1,407
|
-23
|
|
oil
& Gas
|
15
|
2053
|
1069
|
92
|
13
|
5,992
|
3,206
|
87
|
|
copper
|
0
|
15
|
-71
|
LP
|
0
|
-115
|
-177
|
35
|
|
Aluminum
|
38
|
5218
|
2739
|
91
|
38
|
17,337
|
7,751
|
124
|
|
others
|
2
|
291
|
358
|
-19
|
2
|
1,049
|
919
|
14
|
|
Zinc,
Lead and Silver
|
36
|
4988
|
3846
|
30
|
36
|
16,161
|
11,620
|
39
|
|
Zinc
International
|
3
|
467
|
201
|
132
|
3
|
1,533
|
811
|
89
|
|
Total
PBIT
|
100
|
13768
|
9107
|
51
|
100
|
45,319
|
27,341
|
66
|
|
Less
: Interest
|
|
1333
|
1325
|
1
|
|
4,797
|
5,210
|
-8
|
|
Add:
Other un-allcoable
|
|
-2239
|
-2039
|
-10
|
|
-7,558
|
-4,918
|
-54
|
|
PBT
|
|
10196
|
5743
|
78
|
|
32,964
|
17,213
|
92
|
|