|
Net sales (including other operating income)
of Vedanta has increased 10.06% to Rs 39115 crore driven by favorable market
prices and higher premiums. Sales of Iron Ore segment has gone down 24.68% to
Rs 1,865.00 crore (accounting for 4.81% of total sales). Sales of Power segment has gone down 16.80%
to Rs 1,273.00 crore (accounting for 3.29% of total sales). Sales of oil & Gas segment has gone down
22.08% to Rs 2,636.00 crore (accounting for 6.80% of total sales). Sales of copper segment has gone up 7.94% to
Rs 5,803.00 crore (accounting for 14.98% of total sales). Sales of Aluminum segment has gone up 26.27%
to Rs 15,306.00 crore (accounting for 39.50% of total sales). Sales of others segment has gone down 5.11%
to Rs 2,523.00 crore (accounting for 6.51% of total sales). Sales of Zinc International segment has gone
up 41.79% to Rs 1,045.00 crore (accounting for 2.70% of total sales). Sales of Zinc & Lead - India segment has
gone up 21.32% to Rs 6,833.00 crore (accounting for 17.63% of total
sales). Sales of Silver - India segment
rose 3.61% to Rs 1,464.00 crore (accounting for 3.78% of total sales). Inter-segment sales came down from Rs 360.00
crore to Rs 222.00 crore.
Profit before interest, tax and other
unallocable items (PBIT) has jumped 30.04% to Rs 11,284.00 crore. PBIT of Iron Ore segment fell 40.85% to Rs
375.00 crore (accounting for 3.32% of total PBIT). PBIT of Power segment fell 38.21% to Rs
131.00 crore (accounting for 1.16% of total PBIT). PBIT of oil & Gas segment fell 4.61% to
Rs 1,201.00 crore (accounting for 10.64% of total PBIT). PBIT of copper segment fell 42.86% to Rs 4.00
crore (accounting for 0.04% of total PBIT).
PBIT of Aluminum segment rose 58.02% to Rs 4,540.00 crore (accounting
for 40.23% of total PBIT). PBIT of
others segment rose 81.48% to Rs 147.00 crore (accounting for 1.30% of total
PBIT). PBIT of Zinc, lead and silver
segment rose 27.70% to Rs 4,532.00 crore (accounting for 40.16% of total
PBIT). PBIT of zinc international
segment rose 470.97% to Rs 354.00 crore (accounting for 3.14% of total
PBIT).
PBIT margin of Iron Ore segment fell from
25.61% to 20.11%. PBIT margin of Power
segment fell from 13.86% to 10.29%. PBIT
margin of oil & Gas segment rose from 37.22% to 45.56%. PBIT margin of copper segment fell from 0.13%
to 0.07%. PBIT margin of Aluminum
segment rose from 23.70% to 29.66%. PBIT
margin of others segment rose from 3.05% to 5.83%. Overall PBIT margin rose
from 24.56% to 29.12%.
Operating profit margin has jumped from 24%
to 28.39%, leading to 30.16% rise in operating profit to Rs 11,104.00 crore on
account of structural cost saving initiatives across businesses, favorable
output commodity prices, partially offset by input commodity inflation. Raw material cost as a % of total sales (net
of stock adjustments) decreased from 32.58% to 32.53%. Purchase of finished goods cost fell from 0.05%
to 0.01%. Employee cost increased from
2.25% to 2.31%. Other expenses fell
from 41.45% to 36.80%. Power and Oil
fuel cost fell from 16.21% to 13.76%.
Other income fell 12.71% to Rs 680
crore. PBIDT rose 26.57% to Rs 11784
crore. Provision for interest rose 1.03%
to Rs 2442 crore.
PBDT rose 35.53% to Rs 9342 crore. Provision for depreciation fell 3.84% to Rs
2681 crore.
Profit before tax grew 62.27% to Rs 6,661.00
crore. Share of profit/loss were nil in
both the periods. Provision for tax was
expense of Rs 1785 crore, compared to Rs 1237 crore. Effective tax rate was 26.80% compared to
30.13%.
Minority interest increased 55.44% to Rs
1,329.00 crore. Net profit attributable
to owners of the company increased 76.20% to Rs 3,547.00 crore.
Promoters’ stake was 56.38% as of 31 December
2024 ,compared to 63.71% as of 31 December 2023 . Promoters pledged stake was 99.99% as of 31
December 2024 ,compared to 99.99% as of 31 December 2023.
Commenting
on Q3FY25 results, Mr Arun Misra, Executive Director Vedanta Limited said. “We have delivered
our highest-ever 3rd Quarter EBITDA of Rs 11,284 crore. Our strategic focus on
cost optimization and production ramp-up across our key businesses has helped
us to continue delivering this outperformance. Notably, we witnessed 58% YoY
jump in EBITDA at our Aluminium business and 28% YoY increase in our Zinc India
business. We expect this outperformance to continue in the coming quarters
driven by our ongoing growth initiatives and business integration projects.
I am also pleased to note that Vedanta Group
companies have once again demonstrated their leadership in sustainability. In
the S&P Global Corporate Sustainability Assessment 2024, HZL secured the
top position, while Vedanta Limited ranked 4th among 248 global diversified
peers. With our commitment to operational excellence and robust ESG practices,
we are confident to capitalize on emerging opportunities and navigate any
challenges.”
Mr Ajay
Goel, CFO, Vedanta, said “This quarter marks a stellar performance, delivering
the highest Q3 EBITDA of Rs 11,284 crore, a remarkable 30% growth year-on-year,
with a robust EBITDA margin of 34%. Our PAT stood at Rs 4,876 crore, reflecting
an exceptional 70% YoY growth, showcasing the resilience of our business. This
success has been driven by our focus on cost efficiencies, volume growth, and
favourable commodity prices. The recent upgrade in our credit rating, along
with a leverage improvement to 1.4x, highlights our financial strength and the
market’s confidence in Vedanta’s growth trajectory. Additionally, the demerger
process is progressing well, with the shareholders’ and creditors’ meeting
scheduled for February 2025
For
year-to-date (YTD) results analysis
Net sales (including other operating income)
of Vedanta has increased 3.97% to Rs 112513 crore. Sales of Iron Ore segment has gone down
30.89% to Rs 4,559.00 crore (accounting for 4.09% of total sales). Sales of Power segment has gone up 0.04% to
Rs 4,735.00 crore (accounting for 4.25% of total sales). Sales of oil & Gas segment has gone down
42.04% to Rs 8,386.00 crore (accounting for 7.52% of total sales). Sales of copper segment has gone up 14.94% to
Rs 16,913.00 crore (accounting for 15.17% of total sales). Sales of Aluminum segment has gone up 18.28%
to Rs 42,555.00 crore (accounting for 38.17% of total sales). Sales of others segment has gone down 1.46%
to Rs 7,423.00 crore (accounting for 6.66% of total sales). Sales of Zinc_ International segment has gone
down 3.83% to Rs 2,810.00 crore (accounting for 2.52% of total sales). Sales of Zinc & Lead - India segment has
gone up 18.02% to Rs 19,657.00 crore (accounting for 17.63% of total
sales). Sales of Silver - India segment
rose 10.80% to Rs 4,441.00 crore (accounting for 3.98% of total sales). Inter-segment sales came down from Rs 755.00
crore to Rs 543.00 crore.
Profit before interest, tax and other
unallocable items (PBIT) has jumped 16.15% to Rs 31,924.00 crore. PBIT of Iron Ore segment fell 37.84% to Rs
695.00 crore (accounting for 2.18% of total PBIT). PBIT of Power segment fell 18.88% to Rs
606.00 crore (accounting for 1.90% of total PBIT). PBIT of oil & Gas segment fell 58.23% to
Rs 3,452.00 crore (accounting for 10.81% of total PBIT). PBIT of copper segment fell 10.53% to Rs
-63.00 crore (accounting for -0.20% of total PBIT). PBIT of Aluminum segment rose 97.39% to Rs
13,140.00 crore (accounting for 41.16% of total PBIT). PBIT of others segment rose 233.16% to Rs
623.00 crore (accounting for 1.95% of total PBIT). PBIT of Zinc,Lead and Silver_India segment
rose 26.35% to Rs 12,554.00 crore (accounting for 39.32% of total PBIT). PBIT of Zinc_ International segment rose
44.64% to Rs 917.00 crore (accounting for 2.87% of total PBIT).
PBIT margin of Iron Ore segment fell from
16.95% to 15.24%. PBIT margin of Power
segment fell from 15.78% to 12.80%. PBIT
margin of oil & Gas segment fell from 57.12% to 41.16%. PBIT margin of copper segment rose from
negative 0.39% to negative 0.37%. PBIT
margin of Aluminum segment rose from 18.50% to 30.88%. PBIT margin of others segment rose from 2.48%
to 8.39%. PBIT margin of Zinc_
International segment rose from 21.70% to 32.63%. Overall PBIT margin rose from 25.54% to
28.64%.
Operating profit margin has jumped from
24.42% to 27.44%, leading to 16.83% rise in operating profit to Rs 30,877.00
crore. Raw material cost as a % of total
sales (net of stock adjustments) increased from 31.06% to 32.07%. Other expenses fell from 42.22% to
38.50%. Power and Oil fuel cost fell from 16.59% to
15.03%.
Other income rose 48.22% to Rs 2914
crore. PBIDT rose 19% to Rs 33791
crore. Provision for interest rose 3.99%
to Rs 7331 crore.
PBDT rose 23.96% to Rs 26460 crore. Provision for depreciation rose 1.60% to Rs
8108 crore.
Profit before tax grew 37.30% to Rs 18,352.00
crore. Share of profit/loss were nil in
both the periods. Extraordinary items
were decreased to Rs 1,868.00 crore.
Provision for tax was expense of Rs 4646 crore, compared to Rs 11106
crore. Effective tax rate was 22.98%
compared to 67.84%.
Minority interest increased 69.97% to Rs
4,069.00 crore. Net profit attributable
to owners of the company increased 300.87% to Rs 11,505.00 crore.
Promoters’ stake was 56.38% as of 31 December
2024 ,compared to 63.71% as of 31 December 2023 . Promoters pledged stake was 99.99% as of 31
December 2024 ,compared to 99.99% as of 31 December 2023 .
The scrip is currently trading at Rs 442
|
Vedanta : Consolidated Results
|
|
Particulars
|
2412
(03)
|
2312
(03)
|
Var.(%)
|
2412
(09)
|
2312
(09)
|
Var.(%)
|
2403
(12)
|
2303
(12)
|
Var.(%)
|
|
Net
Sales (including other operating income)
|
39,115
|
35,541
|
10
|
1,12,513
|
1,08,218
|
4
|
1,43,727
|
1,47,308
|
-2
|
|
OPM
(%)
|
28.4
|
24.0
|
|
27.4
|
24.4
|
|
24.5
|
23.4
|
|
|
OP
|
11,104
|
8,531
|
30
|
30,877
|
26,430
|
17
|
35,198
|
34,422
|
2
|
|
Other
Inc.
|
680
|
779
|
-13
|
2,914
|
1,966
|
48
|
2,550
|
2,851
|
-11
|
|
PBIDT
|
11,784
|
9,310
|
27
|
33,791
|
28,396
|
19
|
37,748
|
37,273
|
1
|
|
Interest
|
2,442
|
2,417
|
1
|
7,331
|
7,050
|
4
|
9,465
|
6,225
|
52
|
|
PBDT
|
9,342
|
6,893
|
36
|
26,460
|
21,346
|
24
|
28,283
|
31,048
|
-9
|
|
Depreciation
|
2,681
|
2,788
|
-4
|
8,108
|
7,980
|
2
|
10,723
|
10,555
|
2
|
|
PBT
|
6,661
|
4,105
|
62
|
18,352
|
13,366
|
37
|
17,560
|
20,493
|
-14
|
|
Share
of Profit/(Loss) from Associates
|
0
|
0
|
-
|
0
|
0
|
-
|
2
|
-3
|
LP
|
|
PBT
before EO
|
6,661
|
4,105
|
62
|
18,352
|
13,366
|
37
|
17,562
|
20,490
|
-14
|
|
EO
Income
|
0
|
0
|
-
|
1,868
|
3,004
|
-38
|
2,803
|
-217
|
LP
|
|
PBT
after EO
|
6,661
|
4,105
|
62
|
20,220
|
16,370
|
24
|
20,365
|
20,273
|
0
|
|
Taxation
|
1,785
|
1,237
|
44
|
4,646
|
11,106
|
-58
|
12,826
|
5,770
|
122
|
|
PAT
|
4,876
|
2,868
|
70
|
15,574
|
5,264
|
196
|
7,539
|
14,503
|
-48
|
|
Minority
Interest (MI)
|
1,329
|
855
|
55
|
4,069
|
2,394
|
70
|
3,300
|
3,929
|
-16
|
|
Net
profit
|
3,547
|
2,013
|
76
|
11,505
|
2,870
|
301
|
4,239
|
10,574
|
-60
|
|
EPS
(Rs)*
|
#
|
#
|
|
#
|
#
|
|
9.4
|
27.3
|
|
|
Notes
|
|
*
EPS is on current equity of Rs 391.04 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
|
|
|
|
|
|
|
|
|
|
|
|
|
|
%
of (Total)
|
2412
(03)
|
2312
(03)
|
Var.(%)
|
%
of (Total)
|
2412
(09)
|
2312
(09)
|
Var.(%)
|
%
of (Total)
|
2403
(12)
|
2303
(12)
|
Var.(%)
|
|
Sales
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Iron
Ore
|
5
|
1865
|
2476
|
-25
|
4
|
4559
|
6597
|
-31
|
6
|
9069
|
6503
|
39
|
|
Power
|
3
|
1273
|
1530
|
-17
|
4
|
4735
|
4733
|
0
|
4
|
6153
|
6725
|
-9
|
|
oil
& Gas
|
7
|
2636
|
3383
|
-22
|
8
|
8386
|
14469
|
-42
|
13
|
17837
|
15038
|
19
|
|
copper
|
15
|
5803
|
5376
|
8
|
15
|
16913
|
14715
|
15
|
14
|
19730
|
17491
|
13
|
|
Aluminum
|
40
|
15306
|
12122
|
26
|
38
|
42555
|
35978
|
18
|
34
|
48371
|
52661
|
-8
|
|
others
|
7
|
2523
|
2659
|
-5
|
7
|
7423
|
7533
|
-1
|
7
|
10080
|
9245
|
9
|
|
Zinc
International
|
3
|
1045
|
737
|
42
|
3
|
2810
|
2922
|
-4
|
2
|
3556
|
5209
|
-32
|
|
Zinc
& Lead - India
|
18
|
6833
|
5632
|
21
|
18
|
19657
|
16656
|
18
|
16
|
22557
|
28732
|
-21
|
|
Silver
- India
|
4
|
1464
|
1413
|
4
|
4
|
4441
|
4008
|
11
|
4
|
5368
|
4388
|
22
|
|
Total
Reported Sales
|
100
|
38748
|
35328
|
10
|
100
|
111479
|
107611
|
4
|
100
|
142721
|
145992
|
-2
|
|
Less:
Inter segment revenues
|
|
222
|
360
|
-38
|
|
543
|
755
|
-28
|
|
928
|
588
|
58
|
|
Net
Sales
|
|
38526
|
34968
|
10
|
|
110936
|
106856
|
4
|
|
141793
|
145404
|
-2
|
|
PBIT
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Iron
Ore
|
3
|
375
|
634
|
-41
|
2
|
695
|
1118
|
-38
|
5
|
1676
|
988
|
70
|
|
Power
|
1
|
131
|
212
|
-38
|
2
|
606
|
747
|
-19
|
3
|
971
|
913
|
6
|
|
oil
& Gas
|
11
|
1201
|
1259
|
-5
|
11
|
3452
|
8264
|
-58
|
27
|
9777
|
7782
|
26
|
|
copper
|
0
|
4
|
7
|
-43
|
0
|
-63
|
-57
|
-11
|
0
|
-69
|
-4
|
-1625
|
|
Aluminum
|
40
|
4540
|
2873
|
58
|
41
|
13140
|
6657
|
97
|
26
|
9657
|
5775
|
67
|
|
others
|
1
|
147
|
81
|
81
|
2
|
623
|
187
|
233
|
1
|
188
|
379
|
-50
|
|
Zinc,
lead and Silver
|
40
|
4532
|
3549
|
28
|
39
|
12554
|
9936
|
26
|
37
|
13562
|
17474
|
-22
|
|
Zinc
International
|
3
|
354
|
62
|
471
|
3
|
917
|
634
|
45
|
2
|
693
|
1934
|
-64
|
|
Total
PBIT
|
100
|
11284
|
8677
|
30
|
100
|
31924
|
27486
|
16
|
100
|
36455
|
35241
|
3
|
|
Less
: Interest
|
|
2442
|
2417
|
1
|
|
7331
|
7050
|
4
|
|
9465
|
6225
|
52
|
|
Add:
Other un-allcoable
|
|
-2181
|
-2155
|
-1
|
|
-6241
|
-4066
|
-53
|
|
-6627
|
-8740
|
24
|
|
PBT
|
|
6661
|
4105
|
62
|
|
18352
|
16370
|
12
|
|
20363
|
20276
|
0
|
|