Vedanta reports strong PAT growth due to one-time gain

Vedanta's consolidated revenue for the quarter came in at Rs 27,630 crore, registering an increase of 22.7% YoY. This was primarily driven by 53.9 per cent YoY surge in the revenue of aluminium segment, which contributed around 26 per cent to the total revenue. Also, an increase of 10 per cent YoY in the revenue of the cooper segment (~27 per cent of total revenue) added to the improvement in revenue. 

The company's EBITDA for the quarter rose by 6.6% YoY to Rs 7837 crore, but its margin contracted by 429 bps. Its EBITDA margin for the quarter stood at 28.4%. This margin contraction was led by spurt in input cost in proportion to sales. Also, the increase in power & fuel charges further added strain to the margin. 

The PAT for the quarter came in at Rs 5675 crore, an increase of 34.3 per cent YoY. This was due to one time gain of Rs 2,869 crore. 

Looking at full year's numbers, the revenue in FY18 rose 27.2 per cent YoY to Rs 91,866 crore. Notably, EBITDA surged by 62.4 per cent YoY to Rs 25,164 crore with corresponding margin expansion of 590 bps. The EBITDA margin for full year stood at 27.4 per cent. Its net profit increased 21 per cent YoY to Rs 13,692 crore.