Vedanta’s revenue increases 19% YoY on improved aluminium volumes in Q3 FY18
Vedanta Limited has announced its unaudited consolidated results for the third quarter ended 31 December, 2017. The company has reported 19 per cent increase year-on-year in revenue in the fiscal third quarter.
Mr. Kuldip Kaura, Chief Executive Officer, Vedanta Ltd, said: "We delivered a robust quarter with EBITDA significantly higher y-o-y and q-o-q, with our EBITDA margin remaining strong. Our ramp-up plans across our well invested assets are on track, and are delivering industry leading growth."
The company’s aluminium production increased 40 per cent YoY in the third quarter ended 31 December, 2017, with an exit run-rate of 1.8 million tonnes per annum.
Revenue increased to INR 24,361 crore on account of higher commodity prices, ramp-up at aluminium business, and higher volumes at Zinc International. Profit after tax (PAT) increased 1 per cent YoY to INR 2,173 crore.
EBITDA for December quarter came in at INR 6,780 crore, up 13 per cent YoY, on account of higher commodity prices, ramp up at aluminium business, record plant availability at TSPL and higher volumes at Zinc International.
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