Vedanta on Friday reported a 67.5 per cent fall in its net profit to Rs 1,881 crore in the quarter ended March 31, 2023, as compared to the same period last year. The revenue was down 5.4 per cent to Rs 37,225 crore during the quarter from Rs 39,342 crore in FY22.
The company's consolidated EBITDA was Rs 9,362 crore. The EBITDA margin was at 29 per cent.
The mining major also declared a dividend of Rs 33 per share.
In FY23, it reported an all-time high consolidated revenue of Rs 1.4 trillion, up 11 per cent year-on-year (YoY).
"We have delivered the highest-ever free cash flow (pre-capex) of Rs 28,068 crore, enabling us to reinvest for business growth and provide our valued shareholders with attractive dividends. Our progress on ESG transformation has been recognized by leading rating agencies, making it a remarkable year for us. We finalized 1868 MW renewable power delivery agreements which brings us one step closer towards becoming carbon neutral by 2050 or sooner. Going ahead, we remain committed to operational excellence, shareholder value creation and transforming for good," said Sunil Duggal, chief executive officer (CEO) of Vedanta.
The company's shares closed 2.24 per cent in the red at Rs 275.25 on Friday.
