{"id":128688,"date":"2022-04-29T07:10:37","date_gmt":"2022-04-29T11:10:37","guid":{"rendered":"https:\/\/44.250.171.167\/?p=128688"},"modified":"2022-10-05T06:31:54","modified_gmt":"2022-10-05T10:31:54","slug":"vedanta-limited-q4-fy22-earnings-conference-call-insights","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/vedanta-limited-q4-fy22-earnings-conference-call-insights\/","title":{"rendered":"Vedanta Limited Q4 FY22 Earnings Conference Call Insights"},"content":{"rendered":"<p><span class=\"embed-youtube\" style=\"text-align:center; display: block;\"><iframe loading=\"lazy\" class=\"youtube-player\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/SA53cFHFw0w?version=3&#038;rel=1&#038;showsearch=0&#038;showinfo=1&#038;iv_load_policy=1&#038;fs=1&#038;hl=en-US&#038;autohide=2&#038;wmode=transparent\" allowfullscreen=\"true\" style=\"border:0;\" sandbox=\"allow-scripts allow-same-origin allow-popups allow-presentation allow-popups-to-escape-sandbox\"><\/iframe><\/span><\/p>\n<p><strong>Key highlights from Vedanta Limited (<a href=\"https:\/\/44.250.171.167\/symbol\/VEDL\/\">VEDL<\/a>) Q4 FY22 Earnings Concall<\/strong><\/p>\n<p><strong>Management Update:<\/strong><\/p>\n<ul>\n<li>VEDL said it delivered best-ever annual financial performance for FY22 with an EBITDA of INR45,319 crores and strong free cash flows driven by record volume growth across key businesses.<\/li>\n<\/ul>\n<p><strong>Q&amp;A Highlights:<\/strong><\/p>\n<ul>\n<li>Amit Dixit from Edelweiss asked about the time line, the volume and the premium that Restora and Restora Ultra will have over the regular aluminum product. Sunil Duggal Group CEO said this is enabling the company to earn a good premium from the export market.<\/li>\n<\/ul>\n<ul>\n<li>Pinakin Parekh from JPMorgan asked about the expected volumes from Jamkhani, Radhikapur and Kuraloi, and the total all in cost at these mines. Sunil Duggal Group CEO said that Jamkhani has a licensed capacity of 2.6 million tonne per annum (TPA) and estimated cost is around INR0.80 per GCV. Radhikapur has a capcity of 6 million TPA and potential cost could be INR0.53 per GCV. Kuraloi has a capacity of 8 million tonnes. The total avg. all in cost could be INR0.57-0.60.<\/li>\n<\/ul>\n<ul>\n<li>Pinakin Parekh from JPMorgan enquired about net debt reduction expected in FY23 in the parent unlisted entity. Ajay Goel Deputy CFO said Vedanta Resources\u2019 (VR) debt at standalone is about $8.9 billion. And on the promise of deleveraging VR of $4 billion in 3 years, the whole amount will not be back-ended, but will be front-ended. So at least deleveraging $1 billion in FY23 is the target.<\/li>\n<\/ul>\n<ul>\n<li>Vishal Chandak from Motilal Oswal queried about the repayment schedule at the parent and what&#8217;s the schedule of repayment at the promoter entities for the next 2 years. Ajay Goel Deputy CFO said in 1H23, almost $2 billion worth of loans are falling due for repayment. In 2H23 it\u2019s almost $0.7 billion. So in FY23, the value is about $2.7 billion, and in FY24 it&#8217;s about $3 billion.<\/li>\n<\/ul>\n<ul>\n<li>Ritesh Shah from Investec asked that on the gas side and the partnership with GAIL, how should one look at the volume and economics over there. Sunil Duggal Group CEO said it is at the feasibility stage. The pipeline has to be connected from the GAIL pipeline to the complex, which will also need capex. It is going to be cheaper than what VEDL is doing today. A benefit of 30-40% should come.<\/li>\n<\/ul>\n<ul>\n<li>Rahul Jain with Systematix asked about coal sourcing cost outlook in the next two quarters. Sunil Duggal\u00a0 Group CEO said market is volatile and the company is doing what it can. And anything which has happened in 3Q, 4Q has picked up and from now on with VEDL\u2019s initiatives, the coal cost should become better from now on.<\/li>\n<\/ul>\n<ul>\n<li>Rahul Jain with Systematix enquired about the capex number in the oil and gas business for FY23. Prachur Sah Dy. CEO said the capex number for FY23 is $687 million, out of which close to [50%] is in the infill projects to manage the natural decline. And the remaining is on the 3 growth projects mentioned.<\/li>\n<\/ul>\n<ul>\n<li>Bhavin Chheda from Enam Holdings asked about the approval status of aluminum expansion to 3 million tons and the order number. Sunil Duggal Group CEO replied that the proposal by EAC has been cleared. And VEDL may get EC at any point of time. In the meantime, ordering and the [attending] is being finalized and the shovel will be on the ground soon.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Key highlights from Vedanta Limited (VEDL) Q4 FY22 Earnings Concall Management Update: VEDL said it delivered best-ever annual financial performance for FY22 with an EBITDA of INR45,319 crores and strong free cash flows driven by record volume growth across key businesses. Q&amp;A Highlights: Amit Dixit from Edelweiss asked about the time line, the volume and [&hellip;]<\/p>\n","protected":false},"author":1767,"featured_media":125416,"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":[9825,392],"tags":[8891],"class_list":["post-128688","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-call-highlights","category-earnings","tag-metals-mining"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":128891,"url":"https:\/\/alphastreet.com\/india\/vedanta-ltd-vedl-q4-fy22-earnings-concall-transcript\/","url_meta":{"origin":128688,"position":0},"title":"Vedanta Ltd. (VEDL) Q4 FY22 Earnings Concall Transcript","author":"Staff Correspondent","date":"May 5, 2022","format":false,"excerpt":"Vedanta Ltd. (NSE: VEDL) Q4 FY22 Earnings Concall dated Apr. 28, 2022\u00a0 Corporate Participants: Sandip Agrawal\u00a0--\u00a0Geoscience Systems Specialist, Cairn Oil & Gas Sunil Duggal\u00a0--\u00a0Chief Executive Officer Ajay Goel\u00a0--\u00a0Acting Chief Financial Officer Rahul Trivedi Sharma\u00a0--\u00a0Deputy Chief Executive Officer, Aluminium Business\u00a0 Prachur Sah\u00a0--\u00a0Deputy Chief Executive Officer, Cairn Oil and Gas Analysts: Amit\u2026","rel":"","context":"In &quot;Earnings Call Transcripts&quot;","block_context":{"text":"Earnings Call Transcripts","link":"https:\/\/alphastreet.com\/india\/category\/transcripts\/"},"img":{"alt_text":"stock earnings conference call transcript","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/EarningsTranscript.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/EarningsTranscript.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/EarningsTranscript.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":139406,"url":"https:\/\/alphastreet.com\/india\/vedanta-limited-vedl-q3-fy23-earnings-concall-transcript\/","url_meta":{"origin":128688,"position":1},"title":"Vedanta Limited (VEDL) Q3 FY23 Earnings Concall Transcript","author":"IRS_INDIA","date":"January 27, 2023","format":false,"excerpt":"Vedanta Limited (NSE: VEDL) Q3 FY23 Earnings Concall dated Jan. 27, 2023 Corporate Participants: Sandep Agrawal\u00a0--\u00a0Head of Investor Relations Sunil Duggal\u00a0--\u00a0Chief Executive Officer Ajay Goel\u00a0--\u00a0Chief Financial Officer Rahul Sharma\u00a0--\u00a0Chief Executive Officer of Aluminium Business Arun Mishra\u00a0--\u00a0Chief Executive Officer, Zinc Business Analysts: Pinakin Parekh\u00a0--\u00a0JPMorgan -- Analyst Prashanth KP Kota\u00a0--\u00a0Emkay Global --\u2026","rel":"","context":"In &quot;Earnings Call Transcripts&quot;","block_context":{"text":"Earnings Call Transcripts","link":"https:\/\/alphastreet.com\/india\/category\/transcripts\/"},"img":{"alt_text":"Earnings Conference Call Transcript","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":128709,"url":"https:\/\/alphastreet.com\/india\/infographic-vedanta-limited-q4-results\/","url_meta":{"origin":128688,"position":2},"title":"Infographic: Vedanta Limited Q4 results","author":"Nishad","date":"April 29, 2022","format":false,"excerpt":"Vedanta Limited(NSE:\u00a0VEDL) posted its fourth-quarter 2022 earnings results. The company had consolidated revenue of \u20b940,433 crores with a growth of 39% year on year. Vedanta had a net profit of \u20b98,051 crores or \u20b915.56 per share compared to \u20b97,752 crores or \u20b917.25 per share in the same quarter in the\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/04\/Vedanta-LimitedQ422.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/04\/Vedanta-LimitedQ422.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/04\/Vedanta-LimitedQ422.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/04\/Vedanta-LimitedQ422.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/04\/Vedanta-LimitedQ422.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":146115,"url":"https:\/\/alphastreet.com\/india\/vedanta-limited-vedl-q4-fy23-earnings-concall-transcript\/","url_meta":{"origin":128688,"position":3},"title":"Vedanta Limited (VEDL) Q4 FY23 Earnings Concall Transcript","author":"IRS_INDIA","date":"May 15, 2023","format":false,"excerpt":"Vedanta Limited (NSE:VEDL) Q4 FY23 Earnings Concall dated May. 12, 2023. Corporate Participants: Prerna Halwasia\u00a0--\u00a0Deputy Head, Investor Relations and Company Secretary Sunil Duggal\u00a0--\u00a0Group Chief Executive Officer Ajay Agarwal\u00a0--\u00a0Interim CFO Analysts: Amit Dixit\u00a0--\u00a0ICICI Securities -- Analyst Sumangal Nevatia\u00a0--\u00a0Kotak Securities -- Analyst Indrajit Agarwal\u00a0--\u00a0CLSA -- Analyst Alok Deora\u00a0--\u00a0Motilal Oswal -- Analyst Ritesh\u2026","rel":"","context":"In &quot;Earnings Call Transcripts&quot;","block_context":{"text":"Earnings Call Transcripts","link":"https:\/\/alphastreet.com\/india\/category\/transcripts\/"},"img":{"alt_text":"Earnings Conference Call Transcript","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":128769,"url":"https:\/\/alphastreet.com\/india\/adani-wilmar-ltd-q4-fy22-earnings-conference-call-insights\/","url_meta":{"origin":128688,"position":4},"title":"Adani Wilmar Ltd Q4 FY22 Earnings Conference Call Insights","author":"Praveen","date":"May 3, 2022","format":false,"excerpt":"https:\/\/youtu.be\/6S2tW3igJ_s Key highlights from Adani Wilmar Ltd (AWL) Q4 FY22 Earnings Concall Management Update: AWL said that for FY22-23, the growth is expected to be little higher of 3% for the overall consumption growth of edible oil. Additionally, AWL also expects the per capita consumption going up. Q&A Highlights: Abneesh\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":173080,"url":"https:\/\/alphastreet.com\/india\/vedanta-unlocking-value-through-structural-transformation\/","url_meta":{"origin":128688,"position":5},"title":"Vedanta &#8211; Unlocking value through structural transformation","author":"Divyansh_Kasana","date":"December 17, 2025","format":false,"excerpt":"1. Executive Summary: Vedanta Limited (VEDL) currently stands at a defining precipice in its corporate evolution, presenting a rare investment opportunity driven by the convergence of structural reorganization and a favorable commodity cycle. For decades, the entity has traded under the heavy shadow of a \"conglomerate discount,\" a valuation penalty\u2026","rel":"","context":"In &quot;Analysis&quot;","block_context":{"text":"Analysis","link":"https:\/\/alphastreet.com\/india\/category\/stock-analysis\/"},"img":{"alt_text":"Tata","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/09\/istockphoto-1430937059-612x612-1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/09\/istockphoto-1430937059-612x612-1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/09\/istockphoto-1430937059-612x612-1.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/128688","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/1767"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=128688"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/128688\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/125416"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=128688"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=128688"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=128688"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}