Vedanta Q3 Results Profit And Dividend Declared

The board of directors of Vedanta has approved the fourth interim dividend of ₹12.50 per equity share, record date is set as February 4

Company to pay 4th interim dividend of ₹12.50 a share

Anil Agarwal-owned Vedanta, a diversified metal and mining company, reported a 41 percent decline in net profit at ₹3,092 crore in the December quarter of the current fiscal against ₹5,354 crore in the same quarter of the previous year, on the back of lower realization due to fall in commodity prices.

Revenue was flat at ₹33,691 crores (₹33,697 crores). EBITDA was down at ₹7,100 crores (₹10,938 crores).

Vedanta Q3 FY23 Highlights (Consolidated, YoY)

• Revenues are down 0.02% at Rs 33,691 crore, compared to the Bloomberg estimate of Rs 33,981.10 crore. 
• Ebitda was down 36.06% at Rs 6,656 crore, against a forecast of Rs 7,242.78 crore. 
• Ebitda's margin narrowed to 19.76% against 30.89% a year ago. Analysts had estimated it at 21.3%

"We have delivered a strong set of financial results and steady operational performance in a challenging macroeconomic environment... free cash flow (pre-capex) stood at Rs 6,504 crore, with a focus on working capital and cost optimization," said Vedanta CEO Sunil Duggal.

The strategic initiative to consolidate Zinc International under Hindustan Zinc will unlock significant value for both the company's shareholders.

Segment-Wise Ebitda (YoY)

• Zinc, lead, and silver declined 18.45% to Rs 3,575 crore. 
• Zinc International declined 15.53% to Rs 310 crore. 
• Oil and gas revenue rose 34.32% to Rs 2,004 crore. 
• Aluminium declined 74.27% to Rs 964 crore. 
• Copper reported a loss of Rs 55 crore, against a profit of Rs 15 crore. 
• Iron ore declined 86.83% to Rs 54 crore. 
• Power declined 4.24% to Rs 271 crore. 
• Other segments clocked a loss of Rs 23 crore,

The company’s gross debt stood at ₹61,550 crores while net debt was at ₹38,076 crores as of December-end. The company had cash and cash equivalents of ₹23,474 crore.

Vedanta Trading with Stop Loss Price 300/-

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