/images/ppid_59c68470-image-176968503664040477.webp)
What is the story about?
Vedanta Ltd., the Anil Agarwal-owned mining conglomerate, reported its December quarter results after market hours on Thursday, January 29, that were higher on a year-on-year basis, across most parameters.
Net profit for the period grew by 60.1% from last year to ₹5,710 crore from ₹3,547 crore last year. Other income for the quarter also grew to ₹492 crore from ₹339 crore last year.
Revenue for the period stood at ₹23,369 crore, up by 37% from last year's figure of ₹17,063 crore.
Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) for the quarter increased by 37% on a year-on-year basis to ₹6,866 crore from ₹5,013 crore last year, while margins stood at 29.4%.
Vedanta's Aluminium business EBITDA, which comprises of the maximum of its Sum of The Parts (SOTP) valuation, stood at ₹7,023 crore, which is higher than the average poll of ₹6,821 crore. The EBITDA was aided by higher prices but partially offset by hedged quantities. EBITDA per tonne for the business was the strongest at $1,268.
Vedanta now owns 60.7% stake in Hindustan Zinc after the recently concluded Offer For Sale, and nearly 45% of its EBIT comes from Hindustan Zinc.
Higher commodity prices of Aluminium, Zinc and Silver contributed to the earnings performance this quarter.
At the end of the December quarter, Vedanta's net debt to EBITDA stood at 1.23 times, with total net debt at ₹60,624 crore.
Shares of Vedanta ended 4.1% higher on Thursday before the earnings announcement at ₹767.55. The stock is up 78% in the last 12 months.
Net profit for the period grew by 60.1% from last year to ₹5,710 crore from ₹3,547 crore last year. Other income for the quarter also grew to ₹492 crore from ₹339 crore last year.
Revenue for the period stood at ₹23,369 crore, up by 37% from last year's figure of ₹17,063 crore.
Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) for the quarter increased by 37% on a year-on-year basis to ₹6,866 crore from ₹5,013 crore last year, while margins stood at 29.4%.
Vedanta's Aluminium business EBITDA, which comprises of the maximum of its Sum of The Parts (SOTP) valuation, stood at ₹7,023 crore, which is higher than the average poll of ₹6,821 crore. The EBITDA was aided by higher prices but partially offset by hedged quantities. EBITDA per tonne for the business was the strongest at $1,268.
Vedanta now owns 60.7% stake in Hindustan Zinc after the recently concluded Offer For Sale, and nearly 45% of its EBIT comes from Hindustan Zinc.
Higher commodity prices of Aluminium, Zinc and Silver contributed to the earnings performance this quarter.
At the end of the December quarter, Vedanta's net debt to EBITDA stood at 1.23 times, with total net debt at ₹60,624 crore.
Shares of Vedanta ended 4.1% higher on Thursday before the earnings announcement at ₹767.55. The stock is up 78% in the last 12 months.
