Improved operational performance and lower foreign exchange losses at Vedanta Aluminium Limited decreased Sterlite’s share of loss of associate by 14% during Q3 compared with the corresponding prior quarter.
Depreciation cost during Q3 was higher compared with the corresponding prior quarter on account of capitalization of new plants at Zinc India and Sterlite Energy Limited.
Interest cost in Q3 FY2013 was higher as compared to the corresponding prior quarter and Q2 FY2013 due to capitalisation of new plants and increased borrowings.
Attributable PAT and Basic EPS were Rs. 1,191 crore and Rs. 3.5 per share for Q3, up 30% and were Rs. 4,136 crore and Rs. 12.3 per share for the nine months period, up 16%.The company continued to maintain a strong balance sheet with cash and liquid investment of Rs. 23,472 crore as on 31 December 2012. Merger of Sterlite and Sesa Goa Limited and Vedanta Group Consolidation The transaction has received approvals of respective companies’ equity shareholders, the Stock Exchanges in India and the Competition Commission of India. Approvals of Foreign Investment Promotion Board and the Supreme Court of Mauritius have been received for the merger of Ekaterina Limited with Sesa Goa Limited. The hearings at the High Court of Madras have been completed and the order is awaited. The hearings at the High Court of Bombay at Goa are in progress.
Zinc - India Business
|Q3||Q2||Nine months period|
Production (in ’000 tonnes, or as stated)
% change YoY
% change YoY
|Mined metal content||233||209||11||%||190||610||607||-|
|Refined Zinc – Total||171||191||(10||%)||163||495||569||(13||%)|
|Refined Zinc – Integrated||168||188||(10||%)||153||479||563||(15||%)|
|Refined Zinc – Custom||3||3||-||10||17||6||-|
|Refined Lead - Total 1||32||29||11||%||27||90||62||45||%|
|Refined Lead – Integrated||22||25||(11||%)||24||75||58||29||%|
|Refined Lead – Custom||10||4||-||3||15||4||-|
|Silver - Total (in tonnes) 2||117||58||103||%||92||290||154||89||%|
|Silver - Integrated (in tonnes)||62||58||8||%||80||222||154||44||%|
|Silver – Custom (in tonnes)||55||-||-||12||68||-||-|
|Financials (In Rs. crore, except as stated)|
|Zinc CoP without Royalty (Rs./MT)||44,900||40,300||11||%||46,750||45,700||39,400||16||%|
|Zinc CoP without Royalty ($/MT)||829||785||6||%||844||838||836||-|
|Zinc CoP with Royalty ($/MT)||993||944||5||%||999||999||1,015||(2||%)|
|Zinc LME Price ($/MT)||1,947||1,897||3||%||1,885||1,920||2,123||(10||%)|
|Lead LME Price ($/MT)||2,199||1,983||11||%||1,975||2,051||2,328||(12||%)|
|Silver LBMA Price ($/oz)||33||32||3||%||30||31||36||(15||%)|
Includes captive consumption of 1,647 tonnes in Q3 FY2013 vs. 1,730 tonnes in Q3 FY2012, and 4,723 tonnes in nine months period FY2013 vs. 4,469 tonnes in nine months period FY2012.
Includes captive consumption of 8 tonnes in Q3 FY2013 vs. 9 tonnes in Q3 FY2012, and 25 tonnes in nine months period FY2013 vs. 24 tonnes in nine months period FY2012.