Vedanta Ltd - 500295 - Reply To News Clarification
With reference to the clarification sought, we request you to kindly take note of the enclosed clarification.31-01-2022
31-01-2022
Vedanta Ltd consol Q3 PAT up 27% YoY at Rs 4,189 crore on robust revenue
Net sales up 50% at Rs 33,697 crore; reported topline is a record consolidated quarterly revenue28-01-2022
Vedanta Ltd - 500295 - Updates on Financial Results for December 31, 2021
Vedanta Ltd has informed BSE regarding "Updates on Financial Results for December 31, 2021".28-01-2022
Q3FY22 Quarterly Result Announced for Vedanta Ltd.
Aluminium and Aluminium Products company Vedanta declares Q3FY22 result: Record consolidated quarterly Revenue of Rs 33,697 crore, up 50% YoY Highest ever quarterly EBITDA of Rs 10,938 crore, up 42% YoY Attributable PAT (before exceptional items) at Rs 4,189 crore, up 27% YoY Record consolidated Nine months Revenue of Rs 91,850 crore, up 56% Highest ever Nine months EBITDA of Rs 31,551 crore, up 73% Revenue of Rs 33,697 crore, up 50% YoY EBITDA of Rs 10,938 crore, up by 42% YoY Robust Industry leading EBITDA margin of 37% Att. PAT (before exceptional items) at Rs 4,189 crore, up 27% YoY Other Financial Highlights Strong double-digit ROCE at c.25% Net Debt/EBITDA at 0.7x, maintained at low level Net Debt at Rs 27,576 crore, reduction of Rs 7,781 crore from 31st December 2020 Strong liquidity position with total cash and cash equivalent at Rs 25,207 crore Second Interim Dividend of Rs 13.5 per share; Rs 5,019 crore in Q3 FY 2022 India Ratings has upgraded outlook from ‘Stable’ to ‘Positive’ with AA- rating Mr Sunil Duggal, Chief Executive Officer, said “We are happy to announce that we have taken a number of actions in the last three months to further the journey of ESG transformation that was laid out last quarter. With the commitment to transforming the planet and becoming net-zero carbon by 2050 or sooner, the momentum for decarbonatization across the business has increased with the focus areas being renewable energy, fuel switch, fleet electrification, plantations & afforestation. We have entered into number of partnerships to brings best-in-class expertise and also strengthen our commitment to transforming the communities and the workplace. This has also been reflected in Vedanta’s ESG ratings which have seen an upward trend in terms of ratings by external agencies like Sustainayltics, MSCI and CDP etc. We delivered another strong quarter, with record quarterly and nine monthly Revenue and EBITDA. We reported consolidated quarterly Revenue of Rs 33,697 crore, up 50% YoY, quarterly EBITDA of Rs 10,938 crore, up 42% YoY, and quarterly attributable PAT (before exceptional items) of Rs 4,189 crore, up 27% YoY, with sustained margins benefitting from operational efficiencies and high commodity prices despite input commodity headwinds. Overall, we have had a very good 9-months run with highest ever 9M production across almost all of our businesses. Q3 played a big part in it with highest ever quarterly production from HZL, Aluminium & ESL. Our commitment remains unchanged towards shareholders return and capital allocation. We reduced net debt by Rs 7,781 crore YoY while maintaining net debt EBITDA at low level of 0.7x and rewarded shareholders with 2nd interim dividend of INR 13.5 per Share, entailing a pay-out of Rs 5,019 crore in this quarter “. Result PDF28-01-2022
Vedanta Ltd - 500295 - Outcome Of Board Meeting
We wish to inform you that the Board of Directors of the Company at its meeting held today, i.e. January 28, 2022 have approved the following: Jharsuguda, 430 KTPA Value Added Product (VAP) capacity expansion 430 KTPA (250 Billet and 180 PFA) capacity expansion at cost of ? 750 Crores which will improve Jharsuguda location VAP capacity to 87%. This project will also help cater the increased demand in the product and will improve the overall premium. We request you to kindly take the above information on record.28-01-2022
Vedanta Ltd - 500295 - Board Meeting Outcome for Outcome Of Board Meeting
Outcome of Board Meeting28-01-2022
India Inc puts brakes on $3 billion global bond issues post Fed move
Vedanta Resources, Jindal Steel and Power Limited, Mumbai International Airport Limited (MIAL), and Sukhbir Agro Energy were among the companies which had planned dollar bonds issues and had already appointed arrangers and started legal background work. However, all of them have put their proposed issues on hold, according to people aware of the matter.28-01-2022
Vedanta Ltd - 500295 - Clarification sought from Vedanta Ltd
The Exchange has sought clarification from Vedanta Ltd with respect to news article appearing on https://economictimes.indiatimes.com/ January 26, 2022 titled "Vedanta Ltd raises Rs 8000 crore secured term loan from Union Bank of India".The reply is awaited.27-01-2022
India on growth path with innovation, digitalisation: Vedanta's Agarwal
The whole world wants to visit India and there is a potential to increase tourism by 10 times, since the country has 10,000 years of rich history, he said27-01-2022