VEDANTA: Q1 2024

Key Highlights:

1. Net Profit:

   • Q1 Net Profit: ₹36.06 billion (₹3,606 crores).
   • YoY Comparison: The net profit for this quarter is ₹9.66 billion higher than the previous year, which was ₹26.4 billion (₹2,640 crores).
   • Growth: This represents a 36.59% increase in net profit compared to the same period last year.

2. EBITDA:

   • Q1 EBITDA: ₹99.45 billion (₹9,945 crores).
   • YoY Comparison: Last year’s EBITDA for the same quarter was ₹64.20 billion (₹6,420 crores).
   • Growth: This shows a substantial increase of 54.89% in EBITDA.
   • EBITDA Margin: The EBITDA margin for Q1 is 27.81%, which is significantly higher than the 19.25% recorded in the previous year.

Analysis:

• Profit Growth: The increase in net profit indicates that Vedanta has successfully managed to improve its profitability, which could be attributed to higher revenue, better cost management, or other strategic measures taken by the company.

• EBITDA and Margin Improvement: The substantial growth in EBITDA and the corresponding improvement in the EBITDA margin suggest enhanced operational efficiency. The margin increase from 19.25% to 27.81% indicates that the company has been able to generate more earnings per unit of revenue, likely through better cost control, higher sales, or both.

These figures reflect a strong financial performance for Vedanta in Q1, showcasing their ability to enhance profitability and operational efficiency. This positive performance may boost investor confidence and indicate a solid start to the fiscal year for the company.