Iron & Steel company Vedanta announced Q2FY23 results: Consolidated quarterly Revenue of Rs.36,237 crore, up 21%YoY Generated strong free cash flow (pre-capex) of Rs.8,369 crore in 2QFY23 Achieved consolidated EBITDA of Rs.8,038 crore with EBITDA margin of 25% despite macro challenges Proactive strategic hedging for risk management recorded Rs.1,700 crore gain Robust double-digit return on capital employed ~28%, up ~200 bps YoY Gross debt decreased Rs.2,543 crore QoQ to Rs.58,597 crore as on 30th Sep’22 Net Debt/EBITDA of 0.7x, best among Indian peers Healthy cash and cash equivalent of Rs.26,453 crore Contributed to exchequer Rs.37,180 crore in H1FY23 Record ~15.4% dividend yield with Rs.51 per share (Rs.18,933 crore) payout in 1HFY23 Mr. Sunil Duggal, Chief Executive Officer, Vedanta, said “I am pleased to share that we have generated strong free cash flow (pre-capex) of Rs 8,369 crore underpinned by robust operational and financial performance. I am also happy to inform you that Vedanta has entered in the club of top 10 DJSI-ranked global metals and mining companies; ranking 6th globally. Our growth and vertical integration projects, aimed to reduce market volatility impact and create shareholders’ value, are progressing well. We remain well positioned, with a rich diversified asset portfolio, strong balance sheet, and cost optimization levers, to withstand the challenging macroeconomic environment.” Result PDF