29 Oct 2022 , 09:30 AM
Revenue fell by -5.1% in sequential terms. In terms of verticals, the company saw positive growth across most of its mining and metal verticals.
Revenues from zinc, lead, silver saw revenue spike by 37% to Rs8,098 crore. Vedanta also reported higher revenues from oil & gas, aluminium, copper, iron ore and power.
Gross debt of the group increased to Rs58,597 crore in the quarter and its dividend yield stands at an impressive 15.4%. Volume growth was seen across aluminium, zinc and silver on yoy basis.
In terms of EBITDA, the biggest impact was felt in the aluminium business were the EBITDA fell yoy from Rs4,647 crore to Rs761 crore and this entire fall was on account of sharply higher power costs.
In fact, power costs nearly doubled from Rs4,412 crore to Rs8,553 crore on yoy basis leading to fall in profits. Net profit margins at 4.93% in Q2FY23 is lower compared to 15.18% in Q1FY22 and 11.45% in Q1FY23.
Financial highlights for Sep-22 compared yoy and sequentially
Vedanta Ltd | |||||
Rs in Crore | Sep-22 | Sep-21 | YOY | Jun-22 | QOQ |
Total Income (Rs cr) | ₹ 36,654 | ₹ 30,401 | 20.57% | ₹ 38,622 | -5.10% |
Net Profit (Rs cr) | ₹ 1,808 | ₹ 4,615 | -60.82% | ₹ 4,421 | -59.10% |
Diluted EPS (Rs) | ₹ 4.85 | ₹ 12.38 | ₹ 11.84 | ||
Net Margins | 4.93% | 15.18% | 11.45% |
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