Vedanta Limited Results for the Second Quarter

Vedanta Limited Results for the Second Quarter

Vedanta Limited announced its unaudited consolidated results for the Second quarter and half year ended 30th September 2020. Mr. Sunil Duggal, Chief

Executive Officer, Vedanta, said "Vedanta has reported the highest quarterly operating result for more than 2 years. Our key growth projects are back on track and the expansion is being delivered through strict capital allocation and balance sheet focus, aimed at creating value for our stakeholders. Our large scale, diversified portfolio, positions us well to deliver strong margins and cash flows through the commodity cycle. Vedanta is fully committed to sustainable growth and contribute significantly towards building a self-reliant India ".

Highlights

Revenues of INR 20,804 crores, up 33% QoQ, primarily due to increase in commodity prices and better volumes at Zinc, Iron ore and Copper business

Robust EBITDA margin of 36%

EBITDA of INR 6,531 crores, up 63% QoQ

Attributable PAT (before exceptional items and tax on dividend) of INR 1,979 crores, up 75% QoQ

Zinc India - Mined metal production at 238 kt, up 18% QoQ. Refined metal production at 237 kt, up 18% QoQ. Lowest ever cost of production at USD 919/ton, since commencement of underground operations, down 10% sequentially Record silver production at 203 tonnes, up 73% QoQ

Zinc International - Gamsberg production at 35 kt in Q2 FY2021, up by 38% QoQ

Aluminium - Alumina production of 462kt, down 3% QoQ. Aluminium COP at USD 1,288/ton, lower by 30% YoY, up 2% sequentially

Iron Ore - Karnataka sales 1.3 Mnt, significantly up QoQ

Steel - Saleable production stood at 260 kt, down 3% QoQ

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