Sterlite's closure hits Vedanta copper earnings; revenue drops by 57%

Vedanta's total Ebitda fell 4% to Rs 24,012 crore in FY19

Vedanta’s copper division business reported a loss in earnings before interest, taxes, depreciation, and amortisation (Ebitda) of Rs 235 crore and a revenue drop by 57 per cent to Rs 10,739 crore during 2018-19, compared to a year before, mainly due to shutdown of its smelter at Thoothukudi (Tuticorin) in this state.

In 2017-18, there was an Ebitda profit of Rs 1,055 crore for the division. The margin on this account fell to a negative 2 per cent, from a positive 4 per cent in FY18. Revenue during FY18 was Rs 24,951 crore.

The company’s total Ebitda fell 4 per cent to