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Vedanta Q4 FY22 results declared, reports highest ever quarterly EBIDTA

Vedanta Q4 FY22 results

Vedanta Q4 FY22 results declared reporting highest quarterly EBIDTA

Vedanta Q4 FY22 results – Higher sales volume, supporting commodity prices, and operational savings helped Vedanta Ltd declare a consolidated profit after tax of Rs 7,570 crore for the January-March quarter of 2021-22 on Thursday. 
 
Vedanta stated in a statement that the business made a profit after tax of Rs 5,105 crore in the previous quarter. 
 
The Rs 336 crore in extraordinary items in the previous quarter principally relate to a Rs 2,697 crore gain from impairment reversal in oil and gas, slightly offset by exploration expenditure written off in Cairn. 
 
The company’s revenue from operations increased to Rs 39,342 crore in the quarter under review, up from Rs 27,874 crore the previous year. In the first quarter, it spent Rs 29,901 crore, compared to Rs’In 4QFY22, we achieved our highest ever consolidated EBITDA of Rs 13,768 crore.  
 
‘In 4QFY22, we achieved our highest ever consolidated EBITDA of Rs 13,768 crore. Despite increasing Cost of Production amidst input commodity inflation, this 51 percent year-on-year and 26 percent quarter-on-quarter (Q-o-Q) rise was primarily owing to higher sales volume, supporting commodity prices, and operational efficiencies,” Vedanta added.

Vedanta Q4 FY22 results

Vedanta Limited, a subsidiary of Vedanta Resources Limited, operates in India, South Africa, and Namibia in industries such as oil and gas, zinc, lead, silver, copper, iron ore, steel, and aluminium, as well as power. 
 
During the fourth quarter, the business’s zinc production in India reached the highest-ever mined metal production of 295 kilo tonne, according to the company. 
 
In March 2022, ESL Steel Limited began commercial production from two newly acquired iron ore mines in Orissa. Since the acquisition, the steel company has produced 1,355 kilo tonne of annual hot metal, according to the company. 
 
Vedanta said it is “continuously engaged with the state and central governments for the earliest restart of mining” in Goa, where iron ore mining is currently halted. 
 
The company reported a PAT of Rs 24,299 crore for the financial year 2021-22, up from Rs 12,446 crore the previous year. 
 
“We were able to reinvest because to the robust free cash flow of Rs 27,154 crore.” 

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