EBITDAfor Q4FY2020 at ₹4,844Crore, down23% y-o-y
Mumbai, India:
Vedanta Limited today announced its audited consolidated results for the fourth quarter (Q4) and full year ended 31 March 2020(FY2020).
Financial HighlightsQ4 FY2020FY2020
•EBITDA down26%q-o-q to ₹4,844crore
•EBITDA margin2of 28%•EBITDAdown 12% y-o-y, at ₹21,060crore
•Stable EBITDA margin2of 29%
•Att. PAT1at ₹3,993crore Other Financial Highlights FY2020
▪Interim dividend of ₹3.9 per share declared during FY2020▪Cash & liquid investments of ₹37,914 cror
▪Net Debt at ₹21,273 crores, decreased by ₹5,683 crores comparedto 31stMarch 2019
▪Contribution to the ex-chequer of c.₹32,400 crores
Operational Highlights FY2020
•Zinc IndiaoMined metal production of 917kt, down 2% y-o-y oRefined zinc-lead production of 870 kt, down 3% y-o-y
•Zinc International: oGamsberg production volume at 108 kt in FY2020, up from 17kt in FY2019oImproved cost of production at $1,665/t, down 13% y-o-y •Oil & Gas:
oAverage gross production of 174kboepd for FY2020, down8% y-o-yo9 rigs are currently deployed; 136 wells drilled during FY2020oEarlygasproduction facility fully commissioned to design capacity of 90 mmscfd
oProduction sharing contracts (PSC) signed for Ravva block extended for 10 years
oFTG survey completed in Assam and Kutch basins; Seismic survey ongoing in OALP Blocks•Aluminium & Power: oAluminium production at 1,904kt
oRecord alumina production at 1,811 kt, up 21% y-o-yoAlumina cost of production in Q4 FY2020at $258/toRecordplant availabilityof 91% at the 1,980MW TSPL plant in FY2020•Iron Ore:
oContinued engagement with the Government for resumption of Goa mining operations
oSaleable ore production inKarnataka at 4.4 million tonnes, up 6% y-o-yo
Iron ore sales inKarnataka at 5.8 million tonnes, up 125% y-o-y
•Steel: Record annual steel production at 1.23 million tonnes for FY2020, up 3% y-o-y
•Copper India: Due legal process is being followed to achieve a sustainable restart of the Tuticorin operations 1.Att. PAT before exceptional items 2.Excludes custom smelting at Copper and Zinc India operations
Mr Sunil Duggal, Chief Executive Officer, Vedanta,said “Vedanta has a rich legacy as India’s only diversified natural resources group. We will continue to further strengthen it in the years to come. It is a company with a strong purpose of giving back for the greater good, a track record of achievement with an equally compelling sense of selflessness. The Covid pandemic has hit the world and us in the last quarter of the year. We have taken a pro-active approach to keep our assets and people safe while ensuring optimum operations during these difficult times. During these difficult times, our efforts are aligned to the singular vision of making our communities, the state and nation self-reliant and self-sufficient.”
