Mumbai: Mining company Vedanta Limited released its fourth quarter financial results on Thursday. According to the company, consolidated quarterly revenue stood at Rs 39,342 crore, up 41% year-on-year. The company’s consolidated net profit for the March quarter (Q4) fell 10% year-on-year (YoY) to Rs 5,799 crore.
However, there is the highest ever quarterly EBITDA of Rs. 13,768 crore, up 51% YoY and PAT (before exceptional and one-time tax credit) of Rs. 7,570 crore, up 48% year-on-year. Apart from this, the net debt has decreased by Rs. 6,590 crores since December 31, 2021.
Mr. Sunil Duggal, Chairman and CEO of Vedanta, said, “I am delighted to share record operating and financial performance for FY22. We delivered best historical EBITDA of Rs. 45,319 crore and PAT (before exceptional and one-time tax credit) of Rs. 24,299 crores. This reflects our continued focus on volume growth and operational efficiency, supported by structural integration and technology adoption.
He added the strong free cash flow (before CAPEX) of Rs. 27,154 crores allowed us to reinvest for growth, further strengthen our balance sheet and continue our attractive dividend payout. As part of our ESG journey, we signed an agreement for the distribution of 580 MW of renewable energy, which brings us one step closer to becoming a Net Zero Carbon organization. As we move forward, we are committed to strengthening Vedanta through growth, vertical integration, operational efficiency and a renewed ESG focus.