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Aluminium & Aluminium Products company Vedanta announced Q1FY24 results:
- Q1FY24 Revenue is at Rs 33,342 crore, compared to Rs 38,251 crore in Q1FY23
- Q1FY24 EBITDA is at Rs 6,975 crore as against Rs 10,741 in Q1FY23 and Rs 9,362 in Q4FY23
- EBITDA margin stood at 24% in Q1FY24
- Consolidated profit after tax grew 6% QoQ to Rs 3,308 crore
- Free cash flow (pre-capex) of Rs 3,098 crore
- Return on capital employed 17%
- Interim dividend of Rs 18.5/share; Q1FY24 dividend yield at ~7%
- Gross debt stood at Rs 73,484 crore as of 30th June 2023
- Net debt was Rs 59,192 crore as of 30th June 2023
- Cash and cash equivalents position remains strong at Rs 14,292 crore
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 delivered Rs 6,975 crore in EBITDA this quarter, with an operating margin of 24% and PAT of Rs 3,308 crore, marking a 6% increase sequentially. As we continue to move forward, we remain committed to achieving operational excellence and enhancing our competitiveness in the market. We are determined to lead the charge towards a more sustainable and responsible tomorrow.”
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