Vedanta Q1 net profit rises 4.6% YoY, revenue up 36% to Rs 38,251 crore
The company's consolidated revenue for Q1 came in at Rs 38,251 crore, rising 36.10 per cent YoY28-07-2022
28-07-2022
Vedanta Limited - 500295 - Board Meeting Outcome for Outcome Of Board Meeting Held On July 28, 2022
The Board of Directors of the Company at its meeting held today, i.e. July 28, 2022 have considered and approved the Unaudited Consolidated and Standalone Financial Results of the Company for the First Quarter ended June 30, 2022. In this regard, please find enclosed herewith the following: 1. Unaudited Consolidated and Standalone Financial Results of the Company for the First Quarter ended June 30, 2022 ('Financial Results'); 2. Limited Review Report for Financial Results from our Statutory Auditors, M/s S.R. Batliboi & Co. LLP, Chartered Accountants, in terms of Regulation 33 and 52 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Listing Regulations'); The report of Auditors is with unmodified opinion w.r.t. the Financial Results; 3. A Press Release in respect to the Financial Results; and 4. Investor Presentation on the Financial Results. We request you to please take the above on record.28-07-2022
Q1FY23 Quarterly Result Announced for Vedanta Ltd.
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 PDF28-07-2022
Vedanta Ltd - 500295 - Outcome Of Board Meeting Held On July 28, 2022
The Board of Directors of the Company at its meeting held today, i.e. July 28, 2022 have considered and approved the Unaudited Consolidated and Standalone Financial Results of the Company for the First Quarter ended June 30, 2022. In this regard, please find enclosed herewith the following: 1.Unaudited Consolidated and Standalone Financial Results of the Company for the First Quarter ended June 30, 2022 ('Financial Results'); 2.Limited Review Report for Financial Results from our Statutory Auditors, M/s S.R. Batliboi & Co. LLP, Chartered Accountants, in terms of Regulation 33 and 52 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Listing Regulations'); The report of Auditors is with unmodified opinion w.r.t. the Financial Results; 3.A Press Release in respect to the Financial Results; and 4.Investor Presentation on the Financial Results. We request you to please take the above on record.28-07-2022
Vedanta Group Foxconn (JV) to invest in Maharashtra
Vedanta Group Foxconn (JV) will invest 1 lakh crore in display fabrication, 63,000 crore in semiconductors and 3,800 crore in semi-conductor assembly and testing facilities in Maharashtra26-07-2022
Vedanta Limited - 500295 - Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
Intimation under Regulation 39(3) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Listing Regulations').25-07-2022
Vedanta Limited - 500295 - Intimation Under Regulation 30(9) Of Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015 ('SEBI Listing Regulations')
Pursuant to Regulation 30(9) of SEBI Listing Regulations, we hereby inform that Hindustan Zinc Limited (HZL), a subsidiary of our Company and listed on BSE and NSE, has submitted its Unaudited Financial Results for the 1st quarter and three months ended June 30, 2022. With regards to the same, please find enclosed the Board meeting outcome submitted by HZL on July 21, 2022. The same is also available on the exchange website at www.bseindia.com and www.nseindia.com and HZL website www.hzlindia.com. We request you to kindly take the above information on record.21-07-2022
Vedanta Shares Climb After Second Interim Dividend Announcement
Shares of mining major Vedanta witnessed a sharp rise in prices on Wednesday after the company announced a second interim dividend for the financial year 2022-23.20-07-2022
Vedanta Limited - 500295 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
In reference to the earlier intimation vide Letter No. VEDL/Sec./SE/22-23/73 dated July 18, 2022, the conference call to discuss the Company's results and performance is scheduled to be held after the declaration of the unaudited financial results for the quarter ended June 30, 2022, as per enclosed schedule.19-07-2022
Vedanta Limited - 500295 - Corporate Action-Board approves Dividend
In continuation to our Letter No. VEDL/Sec./SE/22-23/66 dated July 14, 2022 and pursuant to Regulation 30 of Listing Regulations, we wish to inform you that the Board of Directors of the Company through resolution passed by circulation on Tuesday, July 19, 2022 have approved Second Interim Dividend of ? 19.50 per equity share i.e. 1950% on face value of Re. 1/- per share for the Financial Year 2022-23 amounting to c. ? 7,250 crores. The record date for the purpose of payment of dividend is Wednesday, July 27, 2022. The interim dividend will be paid within stipulated timelines as prescribed under law. We request you to kindly take the above information on record.19-07-2022