|
Vedanta consolidated net sales declined 4.75%
to Rs 37930 crore in Q4FY23 compared to Q4FY22.
Sales of Iron Ore segment has gone up 18.92% to Rs 2,219.00 crore
(accounting for 5.94% of total sales).
Sales of Power segment has gone up 12.27% to Rs 1,894.00 crore
(accounting for 5.07% of total sales).
Sales of oil & Gas segment has gone down 16.85% to Rs 3,276.00 crore
(accounting for 8.78% of total sales).
Sales of copper segment has gone up 17.38% to Rs 5,107.00 crore
(accounting for 13.68% of total sales).
Sales of Aluminum segment has gone down 19.90% to Rs 12,396.00 crore
(accounting for 33.21% of total sales).
Sales of others segment has gone up 18.04% to Rs 3,017.00 crore
(accounting for 8.08% of total sales).
Sales of Zinc International has gone down 6.20% to Rs 1,165.00 crore
(accounting for 3.12% of total sales).
Sales of Zinc & Lead - India segment has gone down 6.81% to Rs
7,037.00 crore (accounting for 18.85% of total sales). Sales of Silver - India segment rose 17.47%
to Rs 1,217.00 crore (accounting for 3.26% of total sales). Inter-segment sales came down from Rs 362.00
crore to Rs 103.00 crore.
Profit before interest, tax and other
unallocable items (PBIT) has slumped 32.00% to Rs 9,362.00 crore. PBIT of Iron Ore segment fell 34.67% to Rs
358.00 crore (accounting for 3.82% of total PBIT). PBIT of Power segment rose 90.43% to Rs
358.00 crore (accounting for 3.82% of total PBIT). PBIT of oil & Gas segment fell 18.22% to
Rs 1,679.00 crore (accounting for 17.93% of total PBIT). PBIT of copper segment rose 233.33% to Rs
50.00 crore (accounting for 0.53% of total PBIT). PBIT of Aluminum segment fell 64.33% to Rs
1,861.00 crore (accounting for 19.88% of total PBIT). PBIT of others segment fell 2.06% to Rs
285.00 crore (accounting for 3.04% of total PBIT). PBIT of Zinc, Lead & Silver fell 13.25%
to Rs 4,327.00 crore (accounting for 46.22% of total PBIT). PBIT of Zinc International fell 4.93% to Rs
444.00 crore (accounting for 4.74% of total PBIT).
Operating profit margin has declined from
34.23% to 24.94%, leading to 30.62% decline in operating profit to Rs 9,459.00
crore. Raw material cost as a % of total
sales (net of stock adjustments) increased from 27.98% to 30.36%. Purchase of finished goods cost rose from
0.09% to 0.12%. Employee cost increased
from 1.78% to 2.13%. Other expenses
rose from 36.46% to 42.40%. Power and
Oil fuel cost rose from 15.44% to 17.73%.
Other income rose 15.38% to Rs 705
crore. PBIDT fell 28.64% to Rs 10164
crore. Provision for interest rose
35.41% to Rs 1805 crore.
PBDT fell 35.26% to Rs 8359 crore. Provision for depreciation rose 16.23% to Rs
2765 crore.
Profit before tax down 46.89% to Rs 5,594.00
crore. Share of profit/loss were nil in
both the periods. Extraordinary items
were decreased to Rs -1,336.00 crore.
Provision for tax was expense of Rs 1126 crore, compared to Rs 2935
crore. Effective tax rate was 26.44%
compared to 28.79%.
Minority interest decreased 14.43% to Rs
1,251.00 crore. Net profit attributable
to owners of the company decreased 67.56% to Rs 1,881.00 crore.
Equity capital stood at Rs 372.00 crore as of
31 March 2023 to Rs 372.00 crore as of 31 March 2022. Per share face Value remained same at Rs
1.00.
Promoters’ stake was 68.11% as of 31 March
2023 compared to 69.69% as of 31 March 2022.
Promoters pledged stake was 99.99% as of 31 March 2023 ,compared to
99.99% as of 31 March 2022.
Mr
Sunil Duggal, Chief Executive Officer, Vedanta, said “Our commitment to
operational excellence has helped us deliver record performance across our key
businesses. We have delivered the highest-ever free cash flow (pre-capex) of
?28,068 crore, enabling us to reinvest for business growth and provide our
valued shareholders with attractive dividends. Our progress on ESG transformation
has been recognized by leading rating agencies, making it a remarkable year for
us. We finalized 1868 MW renewable power delivery agreements which brings us
one step closer towards becoming carbon neutral by 2050 or sooner. Going ahead,
we remain committed to operational excellence, shareholder value creation and
transforming for good.”
Full
year results analysis
Net sales (including other operating income)
of Vedanta has increased 10.98% to Rs 147308 crore. Sales of Iron Ore segment has gone up 2.41%
to Rs 6,503.00 crore (accounting for 4.45% of total sales). Sales of Power segment has gone up 23.60% to
Rs 7,201.00 crore (accounting for 4.93% of total sales). Sales of oil & Gas segment has gone up
20.98% to Rs 15,038.00 crore (accounting for 10.29% of total sales). Sales of copper segment has gone up 15.44% to
Rs 17,491.00 crore (accounting for 11.96% of total sales). Sales of Aluminum segment has gone up 2.99%
to Rs 52,403.00 crore (accounting for 35.84% of total sales). Sales of others segment has gone up 15.97% to
Rs 9,245.00 crore (accounting for 6.32% of total sales). Sales of Zinc International has gone up
16.17% to Rs 5,209.00 crore (accounting for 3.56% of total sales). Sales of Zinc & Lead - India segment has
gone up 17.67% to Rs 28,732.00 crore (accounting for 19.65% of total sales). Sales of Silver - India segment rose 4.33% to
Rs 4,388.00 crore (accounting for 3.00% of total sales). Inter-segment sales rose Rs 526.00 crore to
Rs 806.00 crore.
Profit before interest, tax and other
unallocable items (PBIT) has slumped 22.24% to Rs 35,241.00 crore. PBIT of Iron Ore segment fell 56.67% to Rs
988.00 crore (accounting for 2.80% of total PBIT). PBIT of Power segment fell 21.35% to Rs
851.00 crore (accounting for 2.41% of total PBIT). PBIT of oil & Gas segment rose 29.87% to
Rs 7,782.00 crore (accounting for 22.08% of total PBIT). PBIT of copper segment rose 96.52% to Rs
-4.00 crore (accounting for -0.01% of total PBIT). PBIT of Aluminum segment fell 66.33% to Rs
5,837.00 crore (accounting for 16.56% of total PBIT). PBIT of others segment fell 63.87% to Rs
379.00 crore (accounting for 1.08% of total PBIT). PBIT of Zinc,Lead and Silver_India segment
rose 8.12% to Rs 17,474.00 crore (accounting for 49.58% of total PBIT). PBIT of Zinc International rose 26.16% to Rs
1,934.00 crore (accounting for 5.49% of total PBIT).
Operating profit margin has declined from
33.77% to 23.37%, leading to 23.21% decline in operating profit to Rs 34,422.00
crore. Raw material cost as a % of total
sales (net of stock adjustments) increased from 27.75% to 30.11%. Purchase of finished goods cost fell from 0.10%
to 0.04%. Employee cost increased from
2.09% to 2.10%. Other expenses rose
from 36.81% to 44.44%. Power and Oil
fuel cost rose from 15.54% to 20.96%.
Other income rose 9.65% to Rs 2851
crore. PBIDT fell 21.40% to Rs 37273
crore. Provision for interest rose
29.77% to Rs 6225 crore. Loan funds rose
to Rs 66,628.00 crore as of 31 March 2023 from Rs 53,583.00 crore as of 31
March 2022. Inventories rose to Rs
15,012.00 crore as of 31 March 2023 from Rs 14,313.00 crore as of 31 March
2022. Sundry debtors were lower at Rs
4,014.00 crore as of 31 March 2023 compared to Rs 4,946.00 crore as of 31 March
2022. Cash and bank balance declined
from Rs 15,355.00 crore as of 31 March 2022 to Rs 9,254.00 crore as of 31 March
2023. Investments declined from Rs
17,291.00 crore as of 31 March 2022 to Rs 13,150.00 crore as of 31 March
2023.
PBDT fell 27.16% to Rs 31048 crore. Provision for depreciation rose 18.66% to Rs
10555 crore. Fixed assets increased to
Rs 1,11,041.00 crore as of 31 March 2023 from Rs 1,06,220.00 crore as of 31
March 2022. Intangible assets increased
from Rs 3,125.00 crore to Rs 4,232.00 crore.
Profit before tax down 39.25% to Rs 20,493.00
crore. Extraordinary items were
increased to Rs -217.00 crore. Provision
for tax was expense of Rs 5770 crore, compared to Rs 9255 crore. Effective tax rate was 28.46% compared to
28.08%.
Minority interest decreased 19.95% to Rs
3,929.00 crore. Net profit attributable
to owners of the company decreased 43.76% to Rs 10,574.00 crore.
Equity capital stood at Rs 372.00 crore as of
31 March 2023 to Rs 372.00 crore as of 31 March 2022. Per share face Value remained same at Rs
1.00.
Promoters’ stake was 68.11% as of 31 March
2023 ,compared to 69.69% as of 31 March 2022 .
Promoters pledged stake was 99.99% as of 31 March 2023 ,compared to
99.99% as of 31 March 2022 .
Cash flow from operating activities decreased
to Rs 33,065.00 crore for year ended March 2023 from Rs 34,963.00 crore for
year ended March 2022. Cash flow used in
acquiring fixed assets during the year ended March 2023 stood at Rs 13,787.00
crore, compared to Rs 10,630.00 crore during the year ended March 2022.
The scrip is currently trading at Rs 275
|
Vedanta : Consolidated Results
|
|
Particulars
|
2303
(03)
|
2203
(03)
|
Var.(%)
|
2303
(12)
|
2203
(12)
|
Var.(%)
|
|
Net
Sales
|
37,930
|
39,822
|
-5
|
1,47,308
|
1,32,732
|
11
|
|
OPM
(%)
|
24.9
|
34.2
|
|
23.4
|
33.8
|
|
|
OP
|
9,459
|
13,633
|
-31
|
34,422
|
44,824
|
-23
|
|
Other
Inc.
|
705
|
611
|
15
|
2,851
|
2,600
|
10
|
|
PBIDT
|
10,164
|
14,244
|
-29
|
37,273
|
47,424
|
-21
|
|
Interest
|
1,805
|
1,333
|
35
|
6,225
|
4,797
|
30
|
|
PBDT
|
8,359
|
12,911
|
-35
|
31,048
|
42,627
|
-27
|
|
Depreciation
|
2,765
|
2,379
|
16
|
10,555
|
8,895
|
19
|
|
PBT
|
5,594
|
10,532
|
-47
|
20,493
|
33,732
|
-39
|
|
Share
of Profit/(Loss) from Associates
|
0
|
0
|
-
|
-3
|
1
|
PL
|
|
PBT
before EO
|
5594
|
10532
|
-47
|
20490
|
33733
|
-39
|
|
EO
Income
|
-1336
|
-336
|
-298
|
-217
|
-768
|
72
|
|
PBT
after EO
|
4258
|
10196
|
-58
|
20273
|
32965
|
-39
|
|
Taxation
|
1126
|
2935
|
-62
|
5770
|
9255
|
-38
|
|
PAT
|
3132
|
7261
|
-57
|
14503
|
23710
|
-39
|
|
Minority
Interest (MI)
|
1251
|
1462
|
-14
|
3929
|
4908
|
-20
|
|
Net
profit
|
1881
|
5799
|
-68
|
10574
|
18802
|
-44
|
|
EPS
(Rs)*
|
#
|
#
|
|
28.8
|
51.8
|
|
|
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
|
|
Particulars
|
%
of (Total)
|
2303 (03)
|
2203
(03)
|
Var.(%)
|
%
of (Total)
|
2303 (12)
|
2203
(12)
|
Var.(%)
|
|
Sales
|
|
Iron
Ore
|
6
|
2219
|
1866
|
19
|
4
|
6503
|
6350
|
2
|
|
Power
|
5
|
1894
|
1687
|
12
|
5
|
7201
|
5826
|
24
|
|
oil
& Gas
|
9
|
3276
|
3940
|
-17
|
10
|
15038
|
12430
|
21
|
|
copper
|
14
|
5107
|
4351
|
17
|
12
|
17491
|
15151
|
15
|
|
Aluminum
|
33
|
12396
|
15475
|
-20
|
36
|
52403
|
50881
|
3
|
|
others
|
8
|
3017
|
2556
|
18
|
6
|
9245
|
7972
|
16
|
|
Zinc
International
|
3
|
1165
|
1242
|
-6
|
4
|
5209
|
4484
|
16
|
|
Zinc
& Lead - India
|
19
|
7037
|
7551
|
-7
|
20
|
28732
|
24418
|
18
|
|
Silver
- India
|
3
|
1217
|
1036
|
17
|
3
|
4388
|
4206
|
4
|
|
Total
Reported Sales
|
100
|
37328
|
39704
|
-6
|
100
|
146210
|
131718
|
11
|
|
Less:
Inter segment revenues
|
|
103
|
362
|
-72
|
|
806
|
526
|
53
|
|
Net
Sales
|
|
37225
|
39342
|
-5
|
|
145404
|
131192
|
11
|
|
PBIT
|
|
Iron
Ore
|
4
|
358
|
548
|
-35
|
3
|
988
|
2280
|
-57
|
|
Power
|
4
|
358
|
188
|
90
|
2
|
851
|
1082
|
-21
|
|
oil
& Gas
|
18
|
1679
|
2053
|
-18
|
22
|
7782
|
5992
|
30
|
|
copper
|
1
|
50
|
15
|
233
|
0
|
-4
|
-115
|
97
|
|
Aluminum
|
20
|
1861
|
5218
|
-64
|
17
|
5837
|
17337
|
-66
|
|
others
|
3
|
285
|
291
|
-2
|
1
|
379
|
1049
|
-64
|
|
Zinc,
Lead & Silver
|
46
|
4327
|
4988
|
-13
|
50
|
17474
|
16161
|
8
|
|
Zinc
International
|
5
|
444
|
467
|
-5
|
5
|
1934
|
1533
|
26
|
|
Total
PBIT
|
100
|
9362
|
13768
|
-32
|
100
|
35241
|
45319
|
-22
|
|
Less
: Interest
|
|
1805
|
1333
|
35
|
|
6225
|
4797
|
30
|
|
Add:
Other un-allcoable
|
|
-3299
|
-2239
|
-47
|
|
-8740
|
-7558
|
-16
|
|
PBT
|
|
4258
|
10196
|
-58
|
|
20276
|
32964
|
-38
|
|