Announces Q4 & FY16 Results (Standalone & Consolidated), Auditors Report (Standalone & Consolidated) & Results Press Release for the period ended March 31, 2016

• Security Code: 500295
• Company: VEDL

Vedanta Ltd has announced the following results for the quarter & year ended March 31, 2016

The Audited Standalone results for the Quarter ended March 31, 2016

The Company has posted a net profit of Rs. 38823.70 million for the quarter ended March 31, 2016 where as the same was at Rs. 5737.90 million for the quarter ended March 31, 2015. Total Income is Rs. 145072.00 million for the quarter ended March 31, 2016 where as the same was at Rs. 82792.00 million for the quarter ended March 31, 2015.

The Audited Standalone results for the Year ended March 31, 2016

The Company has posted a net profit of Rs. 54718.80 million for the year ended March 31, 2016 where as the same was at Rs. 19272.00 million for the year ended March 31, 2015. Total Income is Rs. 386344.40 million for the year ended March 31, 2016 where as the same was at Rs. 345112.70 million for the year ended March 31, 2015.

The Consolidated Results are as follows:

The Audited Consolidated results for the Quarter ended March 31, 2016

The Group has posted a net profit / (loss) after taxes, minority interest and share of profit / (loss) of associates of Rs. (111812.60) million for the quarter ended March 31, 2016 where as the same was at net loss of Rs. (192281.20) million for the quarter ended March 31, 2015. Total Income is Rs. 173549.90 million for the quarter ended March 31, 2016 where as the same was at Rs. 176618.00 million for the quarter ended March 31, 2015.

The Audited Consolidated results for the Year ended March 31, 2016

The Group has posted a net profit / (loss) after taxes, minority interest and share of profit / (loss) of associates of Rs. (93234.40) million for the year ended March 31, 2016 where as the same was at net loss of Rs. (156457.70) million for the year ended March 31, 2015. Total Income is Rs. 688878.10 million for the year ended March 31, 2016 where as the same was at Rs. 766867.00 million for the year ended March 31, 2015.

- a) During the quarter ended March 31, 2016, the Company has revalued all its existing fixed assets, with effect from April 1, 2015, comprising of freehold land and plant & equipment where such assets had continuing useful lives beyond that date, based on the external valuation report. Pursuant to the same, the Company has recorded a revaluation gain of Rs. 670.20 Crore and Rs. 4,727.20 Crore in respect of freehold land and plant and equipment, respectively. The said revalued amounts aggregating to Rs. 5,397.40 Crore are accounted as an increase in the Gross block of the assets with a credit to the Revaluation Reserve Account and are depreciated over the remaining useful lives of the related assets. The depreciation charge for the quarter and year in the statement of profit and loss includes depreciation aggregating to Rs. 212.22 Crore on account of such revaluation of assets.