|
Consolidated net sales of Vedanta have
increased 0.01% to Rs 34102 crore. Sales
of Iron Ore segment has gone down 0.35% to Rs 1,411.00 crore (accounting for
4.17% of total sales). Sales of Power
segment has gone up 3.36% to Rs 1,693.00 crore (accounting for 5.00% of total
sales). Sales of oil & Gas segment
has gone up 22.39% to Rs 3,810.00 crore (accounting for 11.26% of total
sales). Sales of copper segment has gone
up 11.15% to Rs 4,158.00 crore (accounting for 12.29% of total sales). Sales of Aluminum segment has gone down 8.81%
to Rs 11,877.00 crore (accounting for 35.10% of total sales). Sales of others segment has gone up 9.47% to
Rs 2,127.00 crore (accounting for 6.29% of total sales). Sales of segment has gone up 6.12% to Rs
1,145.00 crore (accounting for 3.38% of total sales). Sales of Zinc & Lead - India segment has
gone down 1.57% to Rs 6,630.00 crore (accounting for 19.60% of total
sales). Sales of Silver - India segment
fell 9.07% to Rs 983.00 crore (accounting for 2.91% of total sales). Inter-segment sales rose Rs 74.00 crore to Rs
143.00 crore.
Profit before interest, tax and other
unallocable items (PBIT) has slumped 35.09% to Rs 7,100.00 crore. PBIT of Iron Ore segment fell 86.83% to Rs
54.00 crore (accounting for 0.76% of total PBIT). PBIT of Power segment fell 4.24% to Rs 271.00
crore (accounting for 3.82% of total PBIT).
PBIT of oil & Gas segment rose 34.32% to Rs 2,004.00 crore
(accounting for 28.23% of total PBIT).
PBIT of copper reported loss of Rs 55.00 crore compared to profit of Rs
15.00 crore. PBIT of Aluminum segment
fell 74.27% to Rs 964.00 crore (accounting for 13.58% of total PBIT). PBIT of others reported loss of Rs 23.00
crore compared to profit of Rs 240.00 crore.
PBIT of segment fell 18.45% to Rs 3,575.00 crore (accounting for 50.35%
of total PBIT). PBIT of segment fell 15.53%
to Rs 310.00 crore (accounting for 4.37% of total PBIT).
PBIT margin of Iron Ore segment fell from
28.95% to 3.83%. PBIT margin of Power
segment fell from 17.28% to 16.01%. PBIT
margin of oil & Gas segment rose from 47.93% to 52.60%. PBIT margin of copper segment fell from 0.40%
to 1.32%. PBIT margin of Aluminum
segment fell from 28.77% to 8.12%. PBIT
margin of others segment fell from 12.35% to 1.08%. PBIT margin of segment fell from 34.01% to
27.07%. Overall PBIT margin fell from
32.39% to 20.98%.
Operating profit margin has declined from
31.70% to 20.72%, leading to 34.63% decline in operating profit to Rs 7,067.00
crore. Raw material cost as a % of total
sales (net of stock adjustments) increased from 27.69% to 32.20%. Employee cost increased from 2.07% to
2.11%. Other expenses rose from 38.91%
to 45.22%. Power and Oil fuel cost rose
from 18.82% to 20.74%.
Other income rose 24.09% to Rs 716
crore. PBIDT fell 31.65% to Rs 7783
crore. Provision for interest rose
29.28% to Rs 1572 crore.
PBDT fell 38.93% to Rs 6211 crore. Provision for depreciation rose 19.61% to Rs
2720 crore.
Profit before tax down 55.79% to Rs 3,491.00
crore. Share of profit/loss was Rs 1
crore compared to nil in cooresponding previous year period. PBT before EO was down 56% to Rs 3490 crore.
The company reported EO income of Rs 440 crore compared to EO expense of Rs 70
crore. PBT after EO was down 50% to Rs 3930 crore.
Provision for tax was expense of Rs 839
crore, compared to Rs 2473 crore. Effective
tax rate was 21.35% compared to 31.60%.
Minority interest decreased 47.31% to Rs
627.00 crore. Net profit attributable to
owners of the company decreased 40.83% to Rs 2,464.00 crore.
Promoters’ stake was 69.69% as of 31 December
2022 ,compared to 69.69% as of 31 December 2021 . Promoters pledged stake was 99.99% as of 31
December 2022 ,compared to 99.99% as of 31 December 2021.
Mr
Sunil Duggal, Chief Executive Officer, Vedanta, said “we have delivered a
strong set of financial results and steady operational performance in
challenging macroeconomic environment. Our quarterly Profit after tax grew 15% on
sequential basis to Rs 3,092 crore; free cash flow (pre capex) stood at Rs
6,504 crore with focus on working capital and cost optimization. Our ESG
initiatives have been recognized by several major external rating agencies. We
have approved plans for another 941 MW RE power under group captive RE power
development program. I am also happy to share that Vedanta and Hindustan Zinc
Limited Boards have taken strategic initiative to consolidate Zinc
International under Hindustan Zinc. It will be a win-win transaction, unlocking
significant value for both Vedanta Limited and Hindustan Zinc Limited
shareholders.”
For
year-to-date (YTD) results analysis
Net sales of Vedanta have increased 17.72% to
Rs 109378 crore. Sales of Iron Ore
segment has gone down 4.46% to Rs 4,284.00 crore (accounting for 3.93% of total
sales). Sales of Power segment has gone up
28.22% to Rs 5,307.00 crore (accounting for 4.87% of total sales). Sales of oil & Gas segment has gone up
38.54% to Rs 11,762.00 crore (accounting for 10.80% of total sales). Sales of copper segment has gone up 14.67% to
Rs 12,384.00 crore (accounting for 11.37% of total sales). Sales of Aluminum segment has gone up 12.99%
to Rs 40,007.00 crore (accounting for 36.74% of total sales). Sales of others segment has gone up 14.99% to
Rs 6,228.00 crore (accounting for 5.72% of total sales). Sales of Zinc_ International segment has gone
up 24.74% to Rs 4,044.00 crore (accounting for 3.71% of total sales). Sales of Zinc & Lead - India segment has
gone up 28.62% to Rs 21,695.00 crore (accounting for 19.93% of total
sales). Sales of Silver - India segment
rose 0.03% to Rs 3,171.00 crore (accounting for 2.91% of total sales). Inter-segment sales rose Rs 164.00 crore to
Rs 703.00 crore.
Profit before interest, tax and other
unallocable items (PBIT) has jumped 3.51% to Rs 25,879.00 crore. PBIT of Iron Ore segment fell 61.91% to Rs
630.00 crore (accounting for 2.43% of total PBIT). PBIT of Power segment rose 28.05% to Rs
493.00 crore (accounting for 1.91% of total PBIT). PBIT of oil & Gas segment rose 149.41% to
Rs 6,103.00 crore (accounting for 23.58% of total PBIT). PBIT of copper segment rose 80.65% to Rs
-54.00 crore (accounting for -0.21% of total PBIT). PBIT of Aluminum segment fell 62.37% to Rs
3,976.00 crore (accounting for 15.36% of total PBIT). PBIT of others segment fell 72.91% to Rs
94.00 crore (accounting for 0.36% of total PBIT). PBIT of Zinc_ International segment rose
103.83% to Rs 1,490.00 crore (accounting for 5.76% of total PBIT).
PBIT margin of Iron Ore segment fell from
36.89% to 14.71%. PBIT margin of Power
segment fell from 9.30% to 9.29%. PBIT
margin of oil & Gas segment rose from 28.82% to 51.89%. PBIT margin of copper segment rose from
negative 2.58% to negative 0.44%. PBIT
margin of Aluminum segment fell from 29.84% to 9.94%. PBIT margin of others segment fell from 6.41%
to 1.51%. PBIT margin of Zinc_
International segment rose from 22.55% to 36.84%. Overall PBIT margin fell from 27.17% to
23.77%.
Operating profit margin has declined from
33.34% to 22.82%, leading to 19.41% decline in operating profit to Rs 24,963.00
crore. Raw material cost as a % of total
sales (net of stock adjustments) increased from 27.50% to 29.64%. Purchase of finished goods cost fell from
0.10% to 0.01%. Employee cost decreased
from 2.22% to 2.08%. Other expenses
rose from 37.34% to 45.54%. Power and
Oil fuel cost rose from 15.72% to 22.46%.
Other income rose 7.89% to Rs 2146
crore. PBIDT fell 17.76% to Rs 27109
crore. Provision for interest rose
27.60% to Rs 4420 crore.
PBDT fell 23.09% to Rs 22689 crore. Provision for depreciation rose 19.83% to Rs
7808 crore.
Profit before tax down 35.26% to Rs 14,881.00
crore. Share of profit/loss was loss of
Rs Rs 3 crore compared to profit of Rs 1 crore in cooresponding previous year
period. PBT before EO was down 35% to Rs 14878 crore. The company reported EO
income of Rs 828 crore compared to EO expense of Rs 143 crore. PBT after EO was
down 31% to Rs 15706 crore.
Provision for tax was expense of Rs 4335
crore, compared to Rs 6394 crore.
Effective tax rate was 27.60% compared to 27.99%.
Minority interest decreased 22.29% to Rs
2,678.00 crore. Net profit attributable
to owners of the company decreased 33.15% to Rs 8,693.00 crore.
Promoters’ stake was 69.69% as of 31 December
2022 ,compared to 69.69% as of 31 December 2021 . Promoters pledged stake was 99.99% as of 31
December 2022 ,compared to 99.99% as of 31 December 2021.
The scrip is currently trading at Rs 319
|
Vedanta : Consolidated Results
|
|
Particulars
|
2212
(03)
|
2112
(03)
|
Var.(%)
|
2212
(09)
|
2112
(09)
|
Var.(%)
|
2203
(12)
|
2103
(12)
|
Var.(%)
|
|
Net
Sales
|
34,102
|
34,097
|
0
|
1,09,378
|
92,910
|
18
|
1,32,732
|
88,021
|
51
|
|
OPM
(%)
|
20.72
|
31.7
|
|
22.82
|
33.34
|
|
33.77
|
31.04
|
|
|
OP
|
7,067
|
10,810
|
-35
|
24,963
|
30,976
|
-19
|
44,824
|
27,318
|
64
|
|
Other
Inc.
|
716
|
577
|
24
|
2,146
|
1,989
|
8
|
2,600
|
3,421
|
-24
|
|
PBIDT
|
7,783
|
11,387
|
-32
|
27,109
|
32,965
|
-18
|
47,424
|
30,739
|
54
|
|
Interest
|
1,572
|
1,216
|
29
|
4,420
|
3,464
|
28
|
4,797
|
5,210
|
-8
|
|
PBDT
|
6,211
|
10,171
|
-39
|
22,689
|
29,501
|
-23
|
42,627
|
25,529
|
67
|
|
Depreciation
|
2,720
|
2,274
|
20
|
7,808
|
6,516
|
20
|
8,895
|
7,638
|
16
|
|
PBT
|
3,491
|
7,897
|
-56
|
14,881
|
22,985
|
-35
|
33,732
|
17,891
|
89
|
|
Share
of Profit/(Loss) from Associates
|
-1
|
0
|
-
|
-3
|
1
|
PL
|
1
|
-1
|
LP
|
|
PBT
before EO
|
3490
|
7897
|
-56
|
14878
|
22986
|
-35
|
33733
|
17890
|
89
|
|
EO
Income
|
440
|
-70
|
LP
|
828
|
-143
|
LP
|
-590
|
-524
|
-13
|
|
PBT
after EO
|
3930
|
7827
|
-50
|
15706
|
22843
|
-31
|
33143
|
17366
|
91
|
|
Taxation
|
839
|
2473
|
-66
|
4335
|
6394
|
-32
|
9433
|
2334
|
304
|
|
PAT
|
3091
|
5354
|
-42
|
11371
|
16449
|
-31
|
23710
|
15032
|
58
|
|
Minority
Interest (MI)
|
627
|
1190
|
-47
|
2678
|
3446
|
-22
|
4908
|
3430
|
43
|
|
Net
profit
|
2464
|
4164
|
-41
|
8693
|
13003
|
-33
|
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)
|
2212
(03)
|
2112
(03)
|
Var.(%)
|
%
of (Total)
|
2212
(09)
|
2112
(09)
|
Var.(%)
|
%
of (Total)
|
2203
(12)
|
2103
(12)
|
Var.(%)
|
|
Sales
|
|
|
|
|
|
Iron
Ore
|
4
|
1,411
|
1,416
|
0
|
4
|
4,284
|
4,484
|
-4
|
5
|
6,350
|
4,528
|
40
|
|
Power
|
5
|
1,693
|
1,638
|
3
|
5
|
5,307
|
4,139
|
28
|
4
|
5,826
|
5,375
|
8
|
|
oil
& Gas
|
11
|
3,810
|
3,113
|
22
|
11
|
11,762
|
8,490
|
39
|
9
|
12,430
|
7,531
|
65
|
|
copper
|
12
|
4,158
|
3,741
|
11
|
11
|
12,384
|
10,800
|
15
|
12
|
15,151
|
10,890
|
39
|
|
Aluminum
|
35
|
11,877
|
13,024
|
-9
|
37
|
40,007
|
35,406
|
13
|
39
|
50,881
|
28,644
|
78
|
|
others
|
6
|
2,127
|
1,943
|
9
|
6
|
6,228
|
5,416
|
15
|
6
|
7,972
|
5,377
|
48
|
|
Zinc
International
|
3
|
1,145
|
1,079
|
6
|
4
|
4,044
|
3,242
|
25
|
3
|
4,484
|
2,729
|
64
|
|
Zinc
& Lead - India
|
20
|
6,630
|
6,736
|
-2
|
20
|
21,695
|
16,867
|
29
|
19
|
24,418
|
17,550
|
39
|
|
Silver
- India
|
3
|
983
|
1,081
|
-9
|
3
|
3,171
|
3,170
|
0
|
3
|
4,206
|
4,382
|
-4
|
|
Total
Reported Sales
|
100
|
33,834
|
33,771
|
0
|
100
|
1,08,882
|
92,014
|
18
|
100
|
1,31,718
|
87,006
|
51
|
|
Less:
Inter segment revenues
|
|
143
|
74
|
93
|
|
703
|
164
|
329
|
|
526
|
143
|
268
|
|
Net
Sales
|
|
33,691
|
33,697
|
0
|
|
1,08,179
|
91,850
|
18
|
|
1,31,192
|
86,863
|
51
|
|
PBIT
|
|
|
|
|
|
Iron
Ore
|
1
|
54
|
410
|
-87
|
2
|
630
|
1,654
|
-62
|
5
|
2,280
|
1,804
|
26
|
|
Power
|
4
|
271
|
283
|
-4
|
2
|
493
|
385
|
28
|
2
|
1,082
|
1,407
|
-23
|
|
oil
& Gas
|
28
|
2,004
|
1,492
|
34
|
24
|
6,103
|
2,447
|
149
|
13
|
5,992
|
3,206
|
87
|
|
copper
|
-1
|
-55
|
15
|
PL
|
0
|
-54
|
-279
|
81
|
0
|
-115
|
-177
|
35
|
|
Aluminum
|
14
|
964
|
3,747
|
-74
|
15
|
3,976
|
10,565
|
-62
|
38
|
17,337
|
7,751
|
124
|
|
others
|
0
|
-23
|
240
|
PL
|
0
|
94
|
347
|
-73
|
2
|
1,049
|
919
|
14
|
|
Zinc,
Lead and Silver
|
50
|
3,575
|
4,384
|
-18
|
36
|
16,161
|
11,620
|
39
|
|
|
|
|
|
Zinc
International
|
4
|
310
|
367
|
-16
|
6
|
1,490
|
731
|
104
|
3
|
1,533
|
811
|
89
|
|
Total
PBIT
|
100
|
7,100
|
10,938
|
-35
|
100
|
25,879
|
25,002
|
4
|
100
|
45,319
|
27,341
|
66
|
|
Less
: Interest
|
|
1,572
|
1,216
|
29
|
|
4,420
|
3,464
|
28
|
|
4,797
|
5,210
|
-8
|
|
Add:
Other un-allcoable
|
|
-1,134
|
-1,930
|
41
|
|
-5,441
|
1,230
|
PL
|
|
-7,558
|
-4,918
|
-54
|
|
PBT
|
|
4,394
|
7,792
|
-44
|
|
16,018
|
22,768
|
-30
|
|
32,964
|
17,213
|
92
|
|