On Friday, Vedanta posted a 42% decay in combined net profit to Rs 3,092 crore in the December quarter (Q3FY23), linked to Rs 5,354 crore in the year-ago period. Soft metal prices mainly unsettled the drop in incomes, but the windfall tax on crude also wedged the firm. Related to the Q2FY23, the profit was up 15%. On BSE, the Vedanta shares locked at Rs 319.85 per share on Friday, down 1.96%.

The company’s revenue in Q3FY23 was erected at Rs 33,691 crore, which was level year-on-year. “The revenue in Q3FY22 reduced by 7% quarter-on-quarter to Rs 33,691 crore on the explanation of equability in output product prices and inferior strategic evading gains, moderately offset by favourable foreign exchange movement,” the company supposed in an exchange filing.

The company’s Board of Directors (BOD) also permitted the fourth interim dividend of Rs 12.50 per equity share, estimated to be Rs 4,647 crore. In FY23, it proclaimed a total dividend of 81 per share, i.e., approximately Rs 30,000 crore.

Vedanta also stated an Ebitda of Rs 7,100 crore in Q3FY23, lesser than 10,938 crores in the comparable quarter last year. The brim went down from 37% in Q3FY22 to 24% in the quarter ending 31st December 2022. “In Q3FY23, Ebitda reduced by 12% quarter-on-quarter to Rs 7,100 crore because of lower output product prices, lower strategic evading gains; partly offset by better-quality working performance, easing of input commodity increase, and foreign exchange advances,” the company said.