Vedanta Limited announced unaudited standalone and consolidated earnings results for the third quarter and nine months ended December 31, 2017. For the quarter, on standalone basis, the company's revenue from operations (net of excise duty) was INR 121,850 million compared with INR 96,850 million a year ago. Profit before exceptional items and tax was INR 8,000 million compared with INR 10,700 million a year ago. Profit before tax was INR 7,620 million compared with loss before tax of INR 1,100 million a year ago. Net profit after tax was INR 6,790 million compared with INR 420 million a year ago. Net profit after tax before exceptional items (net of tax) was INR 6,780 million against INR 12,220 million a year ago. Earnings per share after exceptional items were INR 1.83 diluted and basic per share against INR 1.27 diluted and basic per share a year ago. Earnings per share before exceptional items was INR 1.82 diluted and basic per share against loss per share before exceptional items of INR 1.27 diluted and basic per share a year ago.

For the nine months, on standalone basis, the company's revenue from operations (net of excise duty) was INR 314,880 million compared with INR 255,610 million a year ago. Profit before exceptional items and tax was INR 8,370 million compared with INR 13,360 million a year ago. Profit before tax was INR 12,710 million compared with loss before tax of INR 8,610 million a year ago. Net profit after tax was INR 11,840 million compared with net loss after tax INR 6,320 million a year ago. Net profit after tax before exceptional items (net of tax) was INR 6,730 million against INR 15,650 million a year ago. Earnings per share after exceptional items was INR 3.14 diluted and basic per share against loss per share after exceptional items of INR 2.15 diluted and basic per share a year ago. Earnings per share before exceptional items were INR 1.76 diluted and basic per share against INR 3.75 diluted and basic per share a year ago.

For the quarter, on consolidated basis, the company's revenue from operations (net of excise duty) was INR 243,610 million compared with INR 194,150 million a year ago. Profit before exceptional items and tax was INR 44,810 million compared with INR 37,920 million a year ago. Profit before tax was INR 43,230 million compared with INR 37,920 million a year ago. Profit after tax for the period before share in profit of jointly controlled entities and associates and non-controlling interests was INR 29,590 million compared with INR 32,400 million a year ago. Profit for the period after share in profit of jointly controlled entities and associates were INR 29,590 million against INR 32,380 million a year ago. Earnings per share after exceptional items were INR 5.52 diluted per share against INR 5.63 diluted per share a year ago. Earnings per share before exceptional items were INR 5.85 diluted per share against INR 5.48 diluted per share a year ago.

For the nine months, on consolidated basis, the company's revenue from operations (net of excise duty) was INR 497,140 million compared with INR 722,250 million a year ago. Profit before exceptional items and tax was INR 111,670 million compared with INR 86,020 million a year ago. Profit before tax was INR 111,950 million compared with INR 86,020 million a year ago. Profit after tax for the period before share in profit of jointly controlled entities and associates and non-controlling interests was INR 82,150 million compared with INR 70,930 million a year ago. Profit for the period after share in profit of jointly controlled entities and associates were INR 82,150 million against INR 70,910 million a year ago. Earnings per share after exceptional items were INR 14.54 diluted per share against INR 23.46 diluted per share a year ago. Earnings per share before exceptional items were INR 14.54 diluted per share against INR 24.03 diluted per share a year ago.

For the fourth quarter of 2018 the company provided production guidance. For the period the company expects produce sellable high-quality ore of about 2 million tonnes.

For the year 2018 the company expects to maintain guidance of 400,000 tonnes of cathode production within fiscal 2018.

For the fiscal year 2019 the company expects EBITDA and cash flows will continue to pick up further as capacities ramp up.