Vedanta

The company for Q4FY16 posted a gigantic consolidated net loss of Rs.11,181 crore  and this was mainly on account of a non-cash impairment charge of Rs 12,304 crore largely relating to Cairn India. The only good news here – its net loss was lower than that posted in previous Q4 at Rs.19,228 crore. Without the exceptional expense, the company actually had a net profit – it was a good 89% rise at Rs.955 crore. But then, the reality is that there was an impairment charge and the company did end the quarter and year in the red.

Its total consolidated income for the quarter was down 10% at Rs.15,979 crore and this was on account of fall in oil and metal prices. Finance cost during the March quarter was up 11% (QoQ0 and 16% up (YoY) at Rs.1538 crore mainly on account of capitalisation of capacities at the Aluminium and Power segments.

The company ended FY16 with a consolidated net loss of Rs.9323 crore v/s loss of Rs.15,646 crore in FY15.