{"id":128239,"date":"2022-03-11T12:46:47","date_gmt":"2022-03-11T17:46:47","guid":{"rendered":"https:\/\/44.250.171.167\/?p=128239"},"modified":"2022-10-05T06:23:06","modified_gmt":"2022-10-05T10:23:06","slug":"vedanta-limited-q3-2022-research-tear-sheet","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/vedanta-limited-q3-2022-research-tear-sheet\/","title":{"rendered":"Vedanta Limited Q3 FY2022 Research Tear Sheet"},"content":{"rendered":"\n

Vedanta Limited is an Indian multinational mining company. The company is headquartered in Mumbai. It is incorporated in the year 1979. The founder is D.P.Agarwal. The products include  Zinc, Crude oil, Iron ore, Steel, Aluminium, Copper and Electric power. The vision of Vedanta is to be  the world\u2019s largest and most admired Zinc-Lead & Silver Company. The company thrives to \u201cEnhance stakeholder value through exploration, innovation, operational excellence, safety and sustainability. Be a globally lowest cost producer and  Maintain market leadership and customer delight. Its has its  operations in India South Africa Namibia Ireland and Australia. Vedanta Limited is the Indian subsidiary of London listed Vedanta Resources Plc. Vedanta is an industrial giant in the mining sector. Its current market<\/em> capitalisation stands at Rs 118169.76 Cr.Vedanta Limited<\/em> is a subsidiary of Vedanta Resources Limited which is the framework of ESG leader in the natural resources sector<\/em>.<\/p>\n\n\n\n

Key Financial Highlights<\/u><\/strong><\/p>\n\n\n\n

\u20b9 in Crore<\/td>Q3 FY 2022<\/td>Q3 FY 2021<\/td><\/tr>
Total Income<\/td>21,227<\/td>15,676<\/td><\/tr>
Total expenses<\/td>14,017<\/td>8,573<\/td><\/tr>
Profit before tax<\/td>7,186<\/td>7,103<\/td><\/tr>
Net profit after tax<\/td>6,473<\/td>5,720<\/td><\/tr>
Basic and diluted<\/td>17.4<\/td>15.38<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Consolidated quarterly Revenue of \u20b9 33,697 crore, grew  50% Y-o-Y<\/p>\n\n\n\n

Quarterly EBITDA grew 42% Y-O-Y  to \u20b9 10,938 crore.<\/p>\n\n\n\n

PAT (before exceptional items) is  \u20b9 4,189 crore increased  27% Y-o-Y .<\/p>\n\n\n\n

Nine months Revenue is \u20b9 91,850 crore increased by  56%.<\/p>\n\n\n\n

Nine months EBITDA is \u20b9 31,551 crore, grew 73%.<\/p>\n\n\n\n

Cash\/ Debt Position<\/u><\/strong><\/p>\n\n\n\n

The company has strong cash flow. Gross debt is Rs. 50,738 crores with cash and cash equivalents of Rs. 25,207 crores this signify that the company has a healthy liquidity position. Net debt is 27,576 crores, declined  by 22% YOY. Net debt-to-EBITDA ratio is 0.7X.  Net debt has reduced by Rs. 7781 crores, on Y-o-Y basis and  more than $1 billion which is deleveraging.<\/p>\n\n\n\n

Conference Call Highlights<\/u><\/strong><\/p>\n\n\n\n

Management Updates<\/strong><\/p>\n\n\n\n

Quarterly aluminium production grew 16% y-o-y and 2% q-o-q.<\/p>\n\n\n\n

Mine metal production increased by 3% y-o-y and 2% q-o-q.<\/p>\n\n\n\n

Income from investment in Q3 was Rs. 516 crores, declined by  33% YOY, majorly on account of MTM movement.<\/p>\n\n\n\n

EPS for the quarter was at \u20b9 11.24 per share, compared to \u20b9 8.91 per share in Q3 FY2021.<\/p>\n\n\n\n

Business Updates<\/u><\/strong><\/p>\n\n\n\n

Interim Dividend paid in Q3 FY 2022 is \u20b9 5,019 crore (\u20b913.5 per share)<\/p>\n\n\n\n

Record YTD dividend of \u20b9 32.0 per share; dividend yield of ~10. Vedanta withdraws cases against government to reconcile retro tax dispute<\/p>\n","protected":false},"excerpt":{"rendered":"

Vedanta Limited is an Indian multinational mining company. The company is headquartered in Mumbai. It is incorporated in the year 1979. The founder is D.P.Agarwal. The products include  Zinc, Crude oil, Iron ore, Steel, Aluminium, Copper and Electric power. The vision of Vedanta is to be  the world\u2019s largest and most admired Zinc-Lead & Silver Company. The […]<\/p>\n","protected":false},"author":1796,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[6352,9908],"tags":[8178,9938],"class_list":["post-128239","post","type-post","status-publish","format-standard","hentry","category-research-summary","category-research-tear-sheet","tag-mining","tag-vedanta-limited"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":129487,"url":"https:\/\/alphastreet.com\/india\/vedanta-limited-q4-2022-research-tear-sheet\/","url_meta":{"origin":128239,"position":0},"title":"Vedanta Limited Q4 FY 2022 Research Tear Sheet","author":"sreerupa","date":"May 12, 2022","format":false,"excerpt":"Vedanta Limited\u00a0is an Indian multinational\u00a0mining company. 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