Vedanta hits all time high EBITDA at INR 9,107 crore in Q4; Aluminium production stands at 1,969kt

Vedanta Limited announced its audited consolidated results for the fourth quarter and full year ended 31st March 2021.

For Q4 FY2021, the company reported all time high EBITDA at INR 9,107 crore, up 18% quarter-on-quarter and 88% year-on-year due to “higher volumes at Zinc India, Aluminium & Iron Ore business and higher commodity & oil prices in Q4 FY2021, partially offset by higher COP at Aluminium and steel business majorly due to input commodity inflation.” For the FY2021, EBITDA stood at INR 27,341 crore, an increase of 30%.

In Q4, Vedanta’s attributable Profit after Tax (PAT) before exceptional items stood at INR7,013 crore. For FY2021, Attributable Profit after Tax (PAT) before exceptional items came in at INR 12,151 crore.

Vedanta reported higher ever Aluminium production of 1.969 million tonnes, with 2.1 Mtpa run rate achieved in Q4. Alumina production stood at 1.841 million tonnes, up 2% YoY.

For Q4 FY2021, revenue was at INR 27,874 crore, higher 24% QoQ and 43% YoY, primarily due to higher volume at Aluminium business, Zinc India, Iron ore business, higher power sales at TSPL and improved commodity prices. Revenue for FY2021 was at INR 86,863 crore, higher 4%.

Sunil Duggal, Chief Executive Officer, Vedanta, said “We are delighted to announce an outstanding quarter. Our key businesses delivered record operational performance, maintaining the trajectory of cost and volumes, driven by structural integration and technology adoption. Our businesses have shown resilience in uncertain market environment as we continue with our winning streak, reporting the highest ever quarterly EBITDA. We are fully supporting our employees, partners, and communities to navigate through these tough times. We are well on our path to execute on strategic priorities to maximize value for stakeholders.”