Vedanta’s March quarter profit slides 5% to reach ₹ 7,261 Crore
Vedanta Ltd reported about 5 per cent decline in its consolidated profit after tax at ₹ 7,261 crore in March quarter owing to higher expenses.
Vedanta Ltd on Thursday reported about 5 per cent decline in its consolidated profit after tax (PAT) at ₹ 7,261 crore in the March 2022 quarter on account of higher expenses.
Its PAT was ₹ 7,629 crore in the same quarter of 2020-21, Vedanta Ltd said in a press statement.
However, during the January-March period, the company’s “PAT before exceptional item and one-time tax credit” increased 48 per cent to ₹ 7,570 crore against ₹ 5,105 crore in the year-ago period, as per the statement.
The company’s revenue from operations in the period under review also rose to ₹ 39,342 crore from ₹ 27,874 crore a year ago.
“(In FY22) we have delivered historical best EBITDA of ₹ 45,319 crore and PAT (before exceptional and one-time tax credit) of ₹ 24,299 crore. This reflects our relentless focus on volume growth and operational efficiency, underpinned by structural integration and technology adoption.
“The strong free cash flow of ₹ 27,154 crore has allowed us to reinvest for growth, further strengthen our balance sheet and continue our attractive dividend pay-out,” Sunil Duggal, Chief Executive Officer, Vedanta, said