Vedanta Limited
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Key numbers — 40 extracted
₹3,308 crore
6%
₹33,342 crore
₹6,975 crore
24%
₹3,098 crore
17%
₹ 18.5
7%
2%
27%
1%
Guidance — 3 items
About Vedanta Limited
opening
“Anil Agarwal Foundation, the umbrella entity for Vedanta’s social initiatives, has pledged Rs 5000 crore over the next five years on various social impact programs and its flagship project, Nand Ghar is setting up model anganwadis across India.”
Registered Office
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“This presentation should not be relied upon as a recommendation or forecast by Vedanta Resources Limited and Vedanta Limited and any of their subsidiaries.”
Growth
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“Gamsberg Phase 2 ▪ Completed Crusher house foundation concreting in 1QFY24 ▪ Project is on track to complete by 2HFY24 Vedanta Limited 1QFY24 Investor Presentation Sensitivity: Internal (C3) MIC: Metal in concentrate; COP: Cost of production without TcRc cost; tcRc: Treatment cost Refinery cost 11 Oil & Gas Stable operations with focus on growth projects Gross Production (Kboepd)”
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Risks & concerns — 1 flagged
The natural decline was partially *Excludes custom smelting at copper business.
— Operational Highlights
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Opening remarks
Financial Highlights
▪ Consolidated quarterly revenue of ₹33,342 crore ▪ Consolidated quarterly EBITDA of ₹6,975 crore with strong margin* of 24% ▪ Consolidated profit after tax grew 6% q-o-q to ₹3,308 crore ▪ Free cash flow (pre capex) of ₹3,098 crore ▪ Return on capital employed 17% ▪ Interim dividend of ₹ 18.5/share; 1QFY24 dividend yield at ~7%
Operational Highlights
Key businesses continue to deliver strong operating performance: ▪ Aluminium o Aluminium production increased by 2% y-o-y to 579 kt o Aluminium cost of production lower by 27% y-o-y ▪ Zinc India o Highest-ever mined metal production in first quarter at 257 kt, up 2% y-o-y o Refined metal production at 260 kt; stable y-o-y o Saleable silver production was 179 tonnes, up 1% y-o-y o Zinc cost of production lower by 6% y-o-y; achieved ~100$/t cost improvement over last two consecutive quarter. ▪ Zinc International o Overall production increased 1% y-o-y and 9% q-o-q to 68kt, primarily driven by BMM o Black Mountain Mine production increased by 29% y-o-y to 19 kt driven by operational efficiencies. o Overall cost of production down by 19% y-o-y ▪ Oil and Gas o Average gross operated production was 134,867 boepd. The natural decline was partially *Excludes custom smelting at copper business. Registered Office: Vedanta Limited 1st Floor, ‘C’ Wing, Unit 103, Corporate Avenue, Atul Projects, Ch
ESG Highlights
▪ Signed Renewable Energy (RE) power delivery agreement (PDAs) of 1826 MW across the group as on 30th June 2023 ▪ Expanded definition of diversity beyond gender by including 38 members from the transgender community in workforce ▪ Workplace gender diversity maintained at 14% ▪ Water Positivity at 0.62 ▪ HVLT usage at 83% ▪ 5,500 Nand Ghars (women and childcare centre) operational (FY23: 4,533) ▪ Quarterly CSR spend of ₹114 crore ▪ 4.4 million people benefitted from CSR programmes ▪ Vedanta Aluminium received Environment Product Declaration (EPD) verification for its products Mr Sunil Duggal, Chief Executive Officer, Vedanta, said “Vedanta is on a transformational journey with significant growth across its businesses and diversification into future enabling, technology focused sectors. We remain committed to maximizing shareholder returns through best-in-class and low-cost operations, skill development and global experience leadership with sustainability at the forefront. We have delive
Consolidated Financial Performance
(In ₹ crore, except as stated) Particulars Net Sales/Income from operations Other Operating Income EBITDA EBITDA Margin1 Finance cost Investment Income Exploration cost write off2 Exchange gain/(loss) - (Non-operational) Depreciation & Amortization Exceptional Items Credit/(Expense) Profit Before Tax Tax Charge/ (Credit) Tax on Exceptional items/ (Credit) Profit After Taxes before exceptional items Profit After Taxes Exchange rate (₹/$) - Average Exchange rate (₹/$) - Closing 1. Excludes custom smelting at copper business. 2. Pertains to unsuccessful exploration wells write off at Cairn ▪ Revenue: 1Q FY2024 33,342 391 6,975 24% 2,110 506 312 (203) 2,550 1,780 4,086 778 - 1,528 3,308 82.16 82.07 Q4 FY FY2023 38,251 371 10,741 32% 1,206 583 62 (332) 2,464 FY2023 FY2023 37,225 145,404 1,904 705 35,241 9,362 28% 29% 6,225 1,805 2,851 958 327 39 (492) (117) 10,555 2,765 (217) - (1,336) 20,276 4,258 6,044 1,709 (274) (583) 3,885 14,449 3,132 14,506 80.27 82.21 82.16 82.16 7,260 1,668 - 5,592
Key Recognitions
Vedanta has consistently received various awards & accolades. Few recognitions from 1QFY24 are: ▪ VAL – J awarded 21st Greentech Best Occupational Health Practices Award by Greentech Foundation ▪ VAL – L awarded with Excellence Award by Quality Circle Forum of India in Business Excellence Category ▪ BALCO awarded with National Award for Manufacturing Competitiveness by International Research Institute for Manufacturing (IRIM) ▪ VAL – J, BALCO, Cairn Oil and Gas, HZL and Sterlite Copper have been certified as Great Place to Work by Great Place to Work Organization for Excellence in Human Resource Management ▪ Cairn Oil and Gas awarded with International Safety Award by British Safety Council ▪ Cairn Oil and Gas received Future Ready Organization Award by Economic Times for Technology and Innovation Category ▪ HZL awarded with 'Energy Efficiency Platinum award by Apex India Green Leaf Foundation for Energy Efficiency
Results Conference Call
Please note that the results presentation is available in the Investor Relations section of the company website https://www.vedantalimited.com/eng/investor-relations-overview.php#resultsReports Following the announcement, a conference call is scheduled at 8:00 PM (IST) on July 21, 2023, where the senior management will discuss the company’s results and performance. The dial-in numbers for the call are as below: Event Earnings conference call on July 21, 2023, from 8:00 - 9:00 PM (IST) Telephone Number Universal Dial-In India National Toll Free +91 22 6280 1114 +91 22 7115 8015 1 800 120 1221 International Toll Free* Canada Hong Kong Japan Netherlands Singapore UK 01180014243444 800964448 00531161110 08000229808 8001012045 08081011573 USA 18667462133 Online Registration Link Click here - Registration Link Call Recording Will be available on website July 22, 2023 onwards *In case of dial-ins from any other country, please use the online registration link for relevant dial in numbers Regi
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