30 JANUARY 2015Sesa Sterlite Press Release
Sesa Sterlite announces third quarter financial results
Edited by : AL CIRCLE
2 min read
Sesa Sterlite Limited today announced its unaudited consolidated results for the third quarter (Q3) ended 31 December 2014.
Financial Highlights:
• Q3 FY2015 Revenues at Rs. 19,128 crore
• EBITDA at Rs. 6,234 crore; EBITDA margin of 43%1
• Attributable PAT excluding exceptional items at Rs. 1,588 crore
• Gross debt reduced by Rs. 1,470 crore in 9 months
• Strong balance sheet with Cash & Cash equivalents of Rs. 47,000 crore
Operational Highlights for aluminium and power sector:
• Strong operating performance at Aluminium and newly commissioned pot-lines ramping up
• Received approval to start the BALCO 1,200 MW power plant; trial runs to start in Q4
• First 660MW unit of 1,980 MW Talwandi Sabo Power Plant commenced commercial operations
• Reviewing capex & opex plans across businesses to maximize cash flows in light of recent commodity price declines
Mr. Tom Albanese, Group CEO said, "We have delivered sustained performance in the third quarter despite the challenging markets. Strong operating performance of Aluminium and Zinc businesses led to the reduction in gross debt by Rs. 400 crore. We are focused on disciplined capital allocation, coupled with deferred and phased development spending in Zinc, Oil & Gas and other businesses which will help optimize our assets and drive strong cash flow in the near future."
The Sesa Sterlite merger and the Vedanta Group consolidation was completed in August 2013, hence Q3 and nine months FY2015 performance is compared with the adjusted proforma numbers of respective periods, which are more representative of the performance during the period.
The results presentation is available in the Investor Relations section of the company website.
Financial Highlights:
• Q3 FY2015 Revenues at Rs. 19,128 crore
• EBITDA at Rs. 6,234 crore; EBITDA margin of 43%1
• Attributable PAT excluding exceptional items at Rs. 1,588 crore
• Gross debt reduced by Rs. 1,470 crore in 9 months
• Strong balance sheet with Cash & Cash equivalents of Rs. 47,000 crore
Operational Highlights for aluminium and power sector:
• Strong operating performance at Aluminium and newly commissioned pot-lines ramping up
• Received approval to start the BALCO 1,200 MW power plant; trial runs to start in Q4
• First 660MW unit of 1,980 MW Talwandi Sabo Power Plant commenced commercial operations
• Reviewing capex & opex plans across businesses to maximize cash flows in light of recent commodity price declines
Mr. Tom Albanese, Group CEO said, "We have delivered sustained performance in the third quarter despite the challenging markets. Strong operating performance of Aluminium and Zinc businesses led to the reduction in gross debt by Rs. 400 crore. We are focused on disciplined capital allocation, coupled with deferred and phased development spending in Zinc, Oil & Gas and other businesses which will help optimize our assets and drive strong cash flow in the near future."
The Sesa Sterlite merger and the Vedanta Group consolidation was completed in August 2013, hence Q3 and nine months FY2015 performance is compared with the adjusted proforma numbers of respective periods, which are more representative of the performance during the period.
The results presentation is available in the Investor Relations section of the company website.
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