Conference Call with Vedanta Management and Analysts on Q1FY23 Performance and Outlook. Listen to the full earnings transcript.
Aluminium and Aluminium Products firm Vedanta Announced Q1FY23 Result : Vedanta Limited reports highest ever first quarter consolidated EBITDA of Rs 10,741 crore Consolidated Revenue of Rs 38,251 crore, up 36%YoY Achieved best-ever 1Q EBITDA of Rs 10,741 crore, up 7%YoY Strong Industry leading EBITDA margin of 32% Profit after tax (PAT) at Rs 5,592, up 6%YoY Return on capital employed improved 780bps YoY to ~30% Net Debt/EBITDA at 0.6x, maintained at low levels Strong liquidity position with cash and cash equivalent at Rs 34,342 crore 1st interim dividend of Rs 31.5/share 2nd Interim dividend of Rs 19.5/share declared in Jul’22, record YTD July’22 dividend yield of 15.4%. Mr Sunil Duggal, Chief Executive Officer, Vedanta, said “I am pleased to report that we have started FY23 with strong performance, underpinned by our world class assets and strength of our business model. We recorded best-ever 1Q EBITDA of Rs 10,741 crore and PAT of Rs 5,592 crore despite inflationary cost pressures. This year, our key priorities will be delivery on committed volumes, timely execution of projects for growth, value addition, vertical integration & cost reduction across our key businesses, and proactive commodity price risk management. We are continuing work on our renewed ESG purpose of “Transforming for Good”. We have increased the number of women in decision-making bodies to 29% and are also among the few Indian companies that have actively recruited members from the transgender community as part of our workforce. I am also happy to inform that we will start reporting our Scope 3 emission from FY22 Sustainability report, three years before our stated timeline. We strongly believe in ‘Atmanirbhar Bharat Abhiyan’ to make India self-reliant. We are one of the highest contributors to the national exchequer. We are the only domestic private player contributing 25% of India’s Oil & Gas production.” Result PDF