Vedanta (VEDL) 6-K Current report (foreign)

Exhibit 99.1

Vedanta Limited

CIN no. L13209MH1965PLC291394

Regd. Office: Vedanta Limited 1st Floor, ‘C’ wing, Unit 103, Corporate Avenue, Atul Projects, Chakala, Andheri (East), Mumbai-400093, Maharashtra

STATEMENT OF AUDITED STANDALONE RESULTS FOR THE QUARTER AND YEAR ENDED MARCH 31, 2017

									(₹ in Crore except as stated)
		Quarter ended									Year ended
S. No.	Particulars	31.03.2017 (Audited) (Refer Note 9)			31.12.2016 (Unaudited)			31.03.2016 (Audited) (Refer Note 9)			31.03.2017 (Audited)			31.03.2016 (Audited)
1	Revenue
	a) Revenue from Operations		11,621.36			10,132.04			9,175.15			38,540.42			36,022.57
	b) Other Income		7,899.75			921.64			7,077.32			9,704.92			9,925.63
	Total Revenue		19,521.11			11,053.68			16,252.47			48,245.34			45,948.20
2	Expenses
	a) Cost of materials consumed		5,626.73			5,084.89			4,416.20			18,787.72			17,162.79
	b) Purchases ofstock-in-trade		240.33			155.26			142.54			579.79			714.67
	c) Changes in inventories of finished goods,work-in-progress andstock-in-trade		122.21			(383.77	)		108.60			(417.41	)		116.95
	d) Employee benefits expense		174.00			190.55			173.19			784.35			706.26
	e) Depreciation, depletion and amortisation expense		692.78			752.80			1,059.47			2,986.29			4,287.13
	f) Power and fuel charges		1,416.13			1,152.82			978.74			4,581.67			4,359.09
	g) Excise duty on sales		518.85			447.15			492.22			1,877.16			1,928.29
	h) Share of expenses in producing oil and gas blocks		243.54			246.89			299.28			1,000.12			1,127.56
	i) Other expenses		1,328.96			1,315.89			1,128.54			4,695.58			4,116.55
	j) Finance costs		1,020.36			1,021.47			992.66			3,896.16			3,600.44
	Total expenses		11,383.89			9,983.95			9,791.44			38,771.43			38,119.73
3	Profit before exceptional items and tax		8,137.22			1,069.73			6,461.03			9,473.91			7,828.47
4	Exceptional items		(3,521.44	)		1,180.37			21,518.47			(1,324.10	)		25,588.02
5	Profit / (loss) before tax		11,658.66			(110.64	)		(15,057.44	)		10,798.01			(17,759.55	)
6	Tax Expense
	Net Current tax expense/(benefit)		0.88			1.28			(124.56	)		2.16			(117.78	)
	Net Deferred tax (benefit)/expense		(42.69	)		(153.76	)		(5,538.35	)		(272.85	)		(5,735.54	)
	Net tax (benefit)/expense		(41.81	)		(152.48	)		(5,662.91	)		(270.69	)		(5,853.32	)
7	Net Profit / (loss) for the period/year (a)		11,700.47			41.84			(9,394.53	)		11,068.70			(11,906.23	)
8	Net Profit / (loss) for the period/year before exceptional items		8,266.07			1,222.21			6,496.10			9,831.64			8,045.72
9	Other Comprehensive Income
(i)	(a) Items that will not be reclassified to profit or loss		20.52			9.22			(2.64	)		27.63			18.31
	(b) Tax expense/ (benefit) on items that will not be reclassified to profit or loss		(1.92	)		1.65			(1.29	)		(1.34	)		1.08
(ii)	(a) Items that will be reclassified to profit or loss		(251.63	)		157.71			(91.71	)		(81.23	)		1,089.64
	(b) Tax expense/ (benefit) on items that will be reclassified to profit or loss		9.43			(0.34	)		1.58			31.63			6.23
	Total Other Comprehensive Income/(loss) (b)		(238.62	)		165.62			(94.64	)		(83.89	)		1,100.64
10	Total Comprehensive Income/(loss) for the period/ year (a+b)		11,461.85			207.46			(9,489.17	)		10,984.81			(10,805.59	)
11	Paid-up equity share capital (face value of Re. 1 each)		296.50			296.50			296.50			296.50			296.50
12	Reserves excluding revaluation reserve as per balance sheet											79,396.35			78,865.69
13	Earnings/(Loss) per share after exceptional items (Rs.) *(not annualised) (refer note 4)
	-Basic & Diluted		31.29	*		(0.07	)*		(25.45	)*		29.04			(32.76	)
14	Earnings/(Loss) per share before exceptional items (Rs.) *(not annualised) (refer note 4)
	-Basic & Diluted		22.05	*		3.10	*		17.29	*		25.72			20.91

		Quarter ended									Year ended
S. No	Segment Information	31.03.2017 (Audited) (Refer Note 9)			31.12.2016 (Unaudited)			31.03.2016 (Audited) (Refer Note 9)			31.03.2017 (Audited)			31.03.2016 (Audited)
1	Segment Revenue
a)	Copper		5,765.81			4,752.74			4,859.76			19,011.08			18,804.46
b)	Iron Ore		1,301.23			1,448.25			902.98			4,289.63			2,428.00
c)	Aluminium		3,114.95			2,535.63			1,990.80			9,898.00			7,929.09
d)	Power		232.86			216.28			499.81			801.93			2,162.07
e)	Oil & Gas		1,129.58			1,144.09			923.06			4,357.10			4,649.41
	Total		11,544.43			10,096.99			9,176.41			38,357.74			35,973.03
Less:	Inter Segment Revenue		3.92			4.12			12.49			12.87			44.09
	Sales/Income from Operations		11,540.51			10,092.87			9,163.92			38,344.87			35,928.94
Add:	Other Operating Revenue		80.85			39.17			11.23			195.55			93.63
	Revenue from operations		11,621.36			10,132.04			9,175.15			38,540.42			36,022.57
2	Segment Results
	[Profit / (loss) before tax and interest]
a)	Copper		400.36			383.78			500.56			1,526.59			2,150.59
b)	Iron Ore		293.15			428.18			213.02			1,107.84			331.88
c)	Aluminium		398.57			243.40			96.53			755.46			207.90
d)	Power		12.92			37.68			(5.91	)		50.85			96.59
e)	Oil & Gas		236.93			154.00			(410.70	)		455.00			(1,197.00	)
	Total		1,341.93			1,247.04			393.50			3,895.74			1,589.96
Less:	Finance costs		1,020.36			1,021.47			992.66			3,896.16			3,600.44
Add:	Other unallocable income net off expenses		7,815.65			844.16			7,060.19			9,474.33			9,838.95
	Profit before tax and exceptional items		8,137.22			1,069.73			6,461.03			9,473.91			7,828.47
Less:	Exceptional items		(3,521.44	)		1,180.37			21,518.47			(1,324.10	)		25,588.02
	Profit/(loss) before tax		11,658.66			(110.64	)		(15,057.44	)		10,798.01			(17,759.55	)
3	Segment Assets
a)	Copper		7,829.94			8,712.73			7,885.46			7,829.94			7,885.46
b)	Iron Ore		3,283.30			3,501.64			3,315.66			3,283.30			3,315.66
c)	Aluminium		41,710.24			41,777.31			33,801.70			41,710.24			33,801.70
d)	Power		3,229.82			3,116.23			9,629.09			3,229.82			9,629.09
e)	Oil & Gas		10,051.79			11,949.09			13,495.12			10,051.79			13,495.12
f)	Unallocated		100,078.74			124,333.86			114,497.38			100,078.74			114,497.38
	Total		166,183.83			193,390.86			182,624.41			166,183.83			182,624.41
4	Segment Liabilities
a)	Copper		10,863.06			12,343.68			12,424.77			10,863.06			12,424.77
b)	Iron Ore		1,446.16			1,196.97			1,029.04			1,446.16			1,029.04
c)	Aluminium		9,366.55			7,926.78			5,524.77			9,366.55			5,524.77
d)	Power		177.10			359.58			1,268.35			177.10			1,268.35
e)	Oil & Gas		3,232.92			3,830.86			4,283.07			3,232.92			4,283.07
f)	Unallocated		61,329.94			87,599.72			78,856.97			61,329.94			78,856.97
	Total		86,415.73			113,257.59			103,386.97			86,415.73			103,386.97

The main business segments are (a) Copper which consists of manufacturing of copper cathode, continuous cast copper rod, anode slime including from purchased concentrate and manufacturing of precious metal from anode slime, sulphuric acid, phosphoric acid (b) Iron ore including pig iron & metallurgical coke (c) Aluminium which consist of manufacturing of alumina and various aluminium products and (d) Power which consists of power excluding captive power but including power facilities predominantly engaged in generation and sale of commercial power. The assets and liabilities that cannot be allocated between the segments are shown as unallocated corporate assets and liabilities, respectively. During the year due to merger of Cairn India Ltd. with Vedanta Ltd. new segment of “Oil & gas” has been reported (refer note 4).

Three units of 600 MW each at Jharsuguda have been converted from commercial power plant to captive power plant pursuant to an order of Orissa Electricity Regulatory Authority. Accordingly, the revenue, results, segment assets and segment liabilities of these plants have been disclosed as part of Aluminium segment with effect from April 1, 2016.

	Vedanta Limited
	Statement of Assets and Liabilities
			(₹ in Crore)
Particulars		As at March 31, 2017 (Audited)		As at March 31, 2016 (Audited)
A	ASSETS
1	Non-current assets
	(a) Property, Plant and Equipment		36,041.77		33,697.32
	(b) Capital Work in Progress		12,215.15		16,410.40
	(c) Exploration Intangibles under development		5,027.67		4,747.14
	(d) Other Intangible assets		155.70		155.66
	(e) Financial assets
	(i) Investments		66,416.74		86,370.24
	(ii) Trade receivables		551.00		—
	(iii) Others		387.96		318.97
	(f) Deferred tax assets (net)		1,958.30		1,693.05
	(g) Othernon-current assets		1,863.03		1,596.64
	(h) Advance tax assets		2,188.77		2,153.31
	Totalnon-current assets		126,806.09		147,142.73
2	Current assets
	(a) Inventories		5,540.37		5,228.66
	(b) Financial Assets
	(i) Investments		19,668.45		14,676.99
	(ii) Trade receivables		1,529.20		1,926.53
	(iii) Cash and cash equivalents		637.52		1,317.69
	(iv) Other Bank Balances		776.39		573.20
	(v) Loans		285.88		397.93
	(vi) Others		9,272.83		10,187.51
	(c) Other Current Assets		1,667.10		1,173.17
	Total current assets		39,377.74		35,481.68
	Total assets		166,183.83		182,624.41
B	EQUITY AND LIABILITIES
1	EQUITY
	(a) Share capital *		371.75		371.75
	(b) Other equity (Reserves and Surplus)		79,396.35		78,865.69
	Total Equity attributable to shareholders		79,768.10		79,237.44
	LIABILITIES
2	Non-current Liabilities
	(a) Financial liabilities
	(i) Borrowings		22,247.98		23,216.73
	(ii) Other financial liabilities		3,208.19		198.89
	(b) Provisions		808.04		906.25
	(c) Othernon-current liabilities		2,540.79		10,433.25
	Totalnon-current liabilities		28,805.00		34,755.12
3	Current Liabilities
	(a) Financial liabilities
	(i) Borrowings		14,309.30		7,402.01
	(ii) Trade payables		14,975.17		13,458.89
	(iii) Other financial liabilities		24,638.93		45,037.24
	(b) Other current liabilities		3,560.68		2,605.99
	(c) Provisions		81.97		83.98
	(d) Current Tax Liabilities		44.68		43.74
	Total current liabilities		57,610.73		68,631.85
	Total Equity and Liabilities		166,183.83		182,624.41

* Equity share capital includes Rs. 75.25 Crores on account of equity shares which are to be issued pursuant to the merger (Refer Note 4)

Notes:-

1 The above results of Vedanta Limited (“the Company”), for the quarter and year ended March 31, 2017 have been reviewed by the Audit Committee and approved by the Board of Directors in their respective meetings held on May 15, 2017.

2 The Board of Directors in its meeting held on March 30, 2017 declared an interim dividend @ 1770% i.e. Rs 17.70 per equity share of Re 1/- each. This together with first interim dividend already paid is 1945% i.e. Rs 19.45 per equity share for the financial year2016-17.

The Board had also approved dividend of Rs 17.70 per equity share to shareholders of erstwhile Cairn India Limited, who have become shareholders of the Company as per the record date i.e. April 27, 2017 fixed for the purpose as detailed in note 4 below.

3 The financial results of the Company have been prepared in accordance with the Indian Accounting Standards (“Ind AS”) as prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder. The date of transition to Ind AS is April 1, 2015. The Company had previously issued its unaudited financial results for periods through December 31, 2016, prepared in accordance with the recognition and measurement principles ofIND-AS, based on its preliminary selection of exemptions and accounting policies. Since all such policies and exemptions have now been finalised, financial results for all periods from April 1, 2015 have now been restated to give effect of the same.

4 On July 22, 2016, Vedanta Limited and Cairn India Limited revised the terms of the proposed merger between Vedanta Limited and Cairn India Limited which was initially announced on June 14, 2015. As per the revised terms, upon the merger becoming effective,non-controlling i.e. public shareholders of Cairn India Limited will receive for each equity share held in Cairn India Limited, one equity share in Vedanta Limited of face value₹ 1 each and four 7.5% Redeemable Preference Shares in Vedanta Limited with a face value of₹ 10 each. No shares were to be issued to Vedanta Limited or any of its subsidiaries for their shareholding in Cairn India Limited.

During the current quarter, the Company received all substantive approvals, necessary for effecting the merger. The Board of Directors of the Company have made the Scheme of Arrangement between Vedanta Limited and Cairn India Limited and their respective shareholders’ and Creditors effective on April 11, 2017.

In accordance with Ind AS 103 “Business Combinations”, the financial results for all periods on or after April 1, 2015, being the earliest period presented in the annual standalone financial statements of the Company, have been restated, as described in notes 6 and 7 below, to give effect of the said merger.

5 Exceptional item comprises of the following:

	Quarter ended								Year ended
Particulars	31.03.2017 (Audited)			31.12.2016 (Unaudited)		31.03.2016 (Audited)			31.03.2017 (Audited)			31.03.2016 (Audited)
Impairment charge/(reversal) on
- Property, plant and equipment and exploration assets		(50.69	)		—		16,232.96			(50.69	)		16,232.96
- Investments in subsidiaries		(313.42	)		—		4,851.19			(313.42	)		4,851.19
Net expense/(gain) on recognition or settlement of obligations undertaken pursuant to the merger referred to in note 4 above		(3,157.33	)		1,180.37		435.32			(959.99	)		4,480.09
Voluntary Retirement Scheme		—			—		—			—			23.78
Total		(3,521.44	)		1,180.37		21,519.47			(1,324.10	)		25,588.02
Deferred tax /(benefit) on above		87.04			—		(5,627.84	)		87.04			(5,636.07	)
Total		(3,434.40	)		1,180.37		15,890.63			(1,237.06	)		19,951.95

6 Reconciliations of net profit as per erstwhile Indian GAAP as previously reported and Ind AS is as follows:

(₹ in Crore)

Particulars	Quarter ended March 31, 2016			Year ended March 31, 2016
Profit as per Indian GAAP
Vedanta Limited		3,882.29			5,471.88
Cairn India Limited		347.18			853.53
Ind AS adjustments
Vedanta Limited
Depreciation on fair valuation of items of property plant and equipment assets		174.93			61.88
Others		(7.95	)		2.38
Deferred tax impact		42.46			491.74
Cairn India Limited
Change in depletion, depreciation and exploration costs		(147.64	)		(101.22	)
Effect of measuring current investments at fair value		(107.74	)		298.25
Effect of reversal of impairment charge due to differences in carrying value of underlying assets		(502.62	)		(502.62	)
Effect of unwinding of discount on site restoration liability		(7.73	)		(29.33	)
Others		(19.43	)		(123.67	)
Deferred tax impact		194.18			92.53
Merged entity
Amortisation and impairment of oil and gas assets		(14,446.73	)		(15,359.43	)
Impairment of investment in subsidiaries of Cairn India Limited		(3,724.85	)		(3,724.85	)
Net expense on recognisition or settlement of obligations undertaken pursuant to the merger		(435.32	)		(4,480.09	)
Dividend from Cairn India Limited reversed					(177.81	)
Others		6.32			3.75
Deferred tax impact		5,358.12			5,316.85
Loss as per Ind AS		(9,394.53	)		(11,906.23	)
Add: Other Comprehensive Income/(Loss)		(94.64	)		1,100.64
Total Comprehensive Loss		(9,489.17	)		(10,805.59	)

7 Reconciliations of Equity as per erstwhile Indian GAAP as previously reported and Ind AS is as follows:

Particulars	As at March 31, 2016
Equity as per Indian GAAP
Vedanta Limited		43,908.56
Cairn India Limited		37,258.84
Ind AS adjustments
Vedanta Limited
Increase in investment in subsidiary on fair valuation		43,296.46
Change in value of certain items of Property, Plant and Equipments on fair valuation, net of effect of depreciation thereon		(1,724.95	)
Other adjustments		94.15
Deferred tax impact		(598.72	)
Cairn India Limited
Effect of measuring current investments at fair value through profit or loss		1,621.66
Dividend and tax on dividend recognized in subsequent year		676.96
Change in depletion, depreciation and carrying value of exploration costs		88.70
Discounting of site restoration liability		133.48
Other adjustments		(89.95	)
Effect of foreign currency translation		470.60
Deferred tax impact		(147.73	)
Merged entity
Amortisation and impairment of oil and gas assets		(33,881.48	)
Impairment of investment in subsidiaries transferred on merger		(6,562.32	)
Net expense on recognition of obligations undertaken pursuant to the merger		(15,900.22	)
Other adjustments		3.61
Deferred tax impact		9,989.20
Effect of foreign currency translation		600.59
Equity as per Ind AS		79,237.44

8 Additional disclosures as per Regulation 52(4) of Securities and Exchange Board of India (Listing Obligations and Disclosures Requirement) Regulations, 2015:

a) Previous due date of Interest/Principal repayment, payment made on respective due date:

		Previous Due Date (1st October to 31st March 2017)
S. No.	Particulars	Principal Due Date		Interest Due Date
1	NCD - INE205A07014 bearing int @ 9.36%		—	1st November 2016
2	NCD - INE205A07022 bearing int @ 9.36%		—	1st November 2016
3	NCD - INE268A07137 bearing int @ 9.24%		—	20th December 2016
4	NCD - INE268A07103 bearing int @ 9.40%		—	25th October 2016
5	NCD - INE268A07111 bearing int @ 9.40%		—	27th November 2016
6	NCD - INE268A07129 bearing int @ 9.24%		—	6th December 2016

b) Next due date of Interest/Principal repayment along with amount due is as follow:

		Next Due Date and Amount due (1st April to 30th September 2017)
S. No.	Particulars	Principal Due Date		Amount Due (Rs. Crore)		Interest Due Date	Amount Due (Rs. Crore)
1	NCD - INE268A07152 bearing int @ 9.17%		—		—	4th July 2017		68.78
2	NCD - INE268A07160 bearing int @ 9.17%		—		—	5th July 2017		41.27
3	NCD - INE268A07145 bearing int @ 9.10%		—		—	5th April 2017		227.50
4	NCD - INE205A07030 bearing int @ 9.70%		—		—	18th August 2017		194.00

c) During the last half year ended 31st March 2017 the Credit Rating by CRISIL for the NCD’s issued has improved from“AA-/Stable” to“AA-/Positive” and recently the same has been upgraded to “AA/Stable”.

d) The ListedNon-Convertible debentures of the company aggregating₹ 11,250.00 Crore as on 31st March 2017 are secured by way of first mortgage/charge on certain assets of the company, and the asset cover thereof exceeds 125% and 100% of the principal amount of₹ 9,200.00 Crore and₹ 2,050.00 Crore respectively, as required as per the terms of the Issue.

		(₹ in Crore except as  stated)
	Particulars	31st March 2017		31st March 2016
e)	Net Worth (Equity + Reserves and surplus)		79,768.10		79,237.44
f)	Debenture Redemption Reserve		1,679.79		887.14
g)	Interest Service Coverage Ratio (No. of times)		4.95		5.20
h)	Debt Service Coverage Ratio (No. of times)		2.60		2.66
i)	Debt-Equity Ratio (No. of times)		0.54		0.42

Formulae for computation of ratios are as follows:

a)	Debt equity ratio	Debt / (paid up equity capital + reserves and surplus)
b)	Debt service coverage ratio	Earnings before interest, depreciation, tax and exceptional items/ (interest expense + principal payments of long term loans)
c)	Interest service coverage ratio	Earnings before interest, depreciation, tax and exceptional items / interest expense

9 The figures of the last quarter are the balancing figures between audited figures for the full financial year and unaudited year to date figures up to the third quarter of the respective financial year, after considering the effect of the restatment described in note 3 and 4 above.

	By Order of the Board
Place : Mumbai	Thomas Albanese
Dated : May 15, 2017	Chief Executive Officer & Whole Time Director

Vedanta Limited

CIN no. L13209MH1965PLC291394

Regd. Office: Vedanta Limited 1st Floor, ‘C’ wing, Unit 103, Corporate Avenue, Atul Projects, Chakala, Andheri (East), Mumbai–400093, Maharashtra

STATEMENT OF AUDITED CONSOLIDATED RESULTS FOR THE QUARTER AND YEAR ENDED MARCH 31, 2017

(₹ in Crore except as stated)

		Quarter ended									Year ended
S. No.	Particulars	31.03.2017 (Audited) (Refer Note 8)			31.12.2016 (Unaudited)			31.03.2016 (Audited) (Refer Note 8)			31.03.2017 (Audited)			31.03.2016 (Audited)
1	Revenue
	a) Revenue from operations		23,691.39			20,391.17			16,864.58			76,171.25			67,992.71
	b) Other income		920.76			1,014.19			1,308.03			4,580.59			4,443.56
	Total Revenue		24,612.15			21,405.36			18,172.61			80,751.84			72,436.27
2	Expenses
	a) Cost of materials consumed		6,550.28			6,077.58			5,520.43			22,459.73			21,012.28
	b) Purchases ofStock-in-Trade		101.02			93.75			144.14			648.78			780.77
	c) Changes in inventories of finished goods,work-in-progress andstock-in-trade		126.90			(762.99	)		252.95			(1,228.99	)		318.90
	d) Power & fuel charges		2,985.18			2,781.73			2,052.57			10,232.51			9,182.21
	e) Employee benefits expense		591.28			618.83			533.78			2,339.34			2,458.26
	f) Excise Duty on sales		1,180.12			975.95			953.32			3,946.22			3,730.95
	g) Finance costs		1,503.48			1,508.22			1,562.08			5,855.04			5,778.13
	h) Depreciation, depletion and amortization expense		1,603.69			1,581.14			2,082.10			6,291.50			8,572.44
	i) Other expenses		4,806.52			4,739.35			3,891.33			16,441.74			15,357.78
3	Total expenses		19,448.47			17,613.56			16,992.70			66,985.87			67,191.72
4	Profit before exceptional items and tax		5,163.68			3,791.80			1,179.91			13,765.97			5,244.55
5	Exceptional Items		114.40			—			33,645.37			114.40			33,784.72
6	Profit/(loss) before tax		5,049.28			3,791.80			(32,465.46	)		13,651.57			(28,540.17	)
7	Tax expense/(benefit) :
	a) Net Current tax expense/(benefit)		760.01			607.93			459.27			2,301.51			1,941.77
	b) Distribution tax on dividend from subsidiaries		1,390.87			106.69			1,277.96			1,641.82			1,621.04
	c) Net Deferred tax (benefit)/expense		(90.48	)		(70.89	)		(13,098.76	)		(165.02	)		(14,240.36	)
	Net Tax expense/(benefit):		2,060.40			643.73			(11,361.53	)		3,778.31			(10,677.55	)
8	Profit/(loss) after tax for the period/year before share in profit/(loss) of jointly controlled entities and associates andNon-controlling interests		2,988.88			3,148.07			(21,103.93	)		9,873.26			(17,862.62	)
9	Add: Share in (loss)/profit of jointly controlled entities and associates		(0.84	)		(2.04	)		0.27			(2.67	)		0.23
10	Profit/(loss) for the period/year after Share in Profit/(loss) of jointly controlled entities and associates (a)		2,988.04			3,146.03			(21,103.66	)		9,870.59			(17,862.39	)
11	Other Comprehensive Income
i.	(a) Items that will not be reclassified to profit or loss		32.79			0.75			(10.50	)		22.21			3.46
	(b) Tax expense/(benefit) on items that will not be reclassified to profit or loss		(3.32	)		1.65			(2.63	)		(2.74	)		(4.41	)
ii.	(a) Items that will be reclassified to profit or loss		(847.08	)		380.37			(139.22	)		(285.66	)		400.74
	(b) Tax expense/(benefit) on items that will be reclassified to profit or loss		(41.21	)		(3.38	)		2.01			3.85			8.48
	Total Other Comprehensive Income (b)		(769.76	)		382.85			(149.10	)		(264.56	)		400.13
12	Total Comprehensive Income for the period/year (a + b)		2,218.28			3,528.88			(21,252.76	)		9,606.03			(17,462.26	)
13	Profit/(Loss) attributable to:
	a) Owners of Vedanta Limited		1,410.51			2,041.25			(13,839.41	)		5,512.21			(12,270.47	)
	b)Non-controlling interests		1,577.53			1,104.78			(7,264.25	)		4,358.38			(5,591.92	)
14	Other comprehensive income attributable to:
	a) Owners of Vedanta Limited		(152.37	)		109.26			(91.85	)		(18.20	)		(701.52	)
	b)Non-controlling interests		(617.39	)		273.59			(57.25	)		(246.36	)		1,101.65
15	Total comprehensive income attributable to:
	a) Owners of Vedanta Limited		1,258.14			2,150.51			(13,931.26	)		5,494.01			(12,971.99	)
	b)Non-controlling interests		960.14			1,378.37			(7,321.50	)		4,112.02			(4,490.27	)
16	Net profit/(loss) after taxes,non-controlling interests and share in profit of jointly controlled entities and associates but before exceptional items		1,579.67			2,041.25			(416.09	)		5,681.37			1,217.59
17	Paid-up equity share capital (Face value of₹1 each)		296.50			296.50			296.50			296.50			296.50
18	Reserves excluding Revaluation Reserves as per balance sheet											60,128.36			43,742.67
19	Earnings/(loss) per share after exceptional items (₹) (*not annualised)
	-Basic		4.76	*		6.88	*		(46.68	)*		18.60			(41.38	)
	-Diluted		4.75	*		6.88	*		(46.68	)*		18.59			(41.38	)
20	Earnings/(loss) per share before exceptional items (₹) (*not annualised)
	-Basic		5.33	*		6.88	*		(1.40	)*		19.17			4.11
	-Diluted		5.32	*		6.88	*		(1.40	)*		19.16			4.11

												(₹ in Crore)
		Quarter ended									Year ended
S. No.	Segment Information	31.03.2017 (Audited) (Refer Note 8)			31.12.2016 (Unaudited)			31.03.2016 (Audited) (Refer Note 8)			31.03.2017 (Audited)			31.03.2016 (Audited)
1	Segment Revenue
a)	Oil & Gas		2,131.01			2,149.36			1,716.83			8,204.07			8,625.57
b)	Zinc, Lead and Silver
	(i) Zinc & Lead - India		6,108.18			4,845.25			2,937.79			16,577.03			13,574.91
	(ii) Silver - India		563.50			482.96			437.03			1,888.38			1,501.40
	Total		6,671.68			5,328.21			3,374.82			18,465.41			15,076.31
c)	Zinc - International		504.43			587.50			562.23			2,230.16			2,563.06
d)	Iron Ore		1,301.46			1,449.10			916.23			4,290.47			2,442.33
e)	Copper		6,803.45			5,440.07			5,767.63			22,128.45			22,069.09
f)	Aluminium		4,651.59			3,857.94			3,144.28			14,834.73			12,249.13
g)	Power		1,508.51			1,532.26			1,298.29			5,608.04			4,969.94
h)	Others		15.76			15.03			33.61			98.19			179.74
	Total		23,587.89			20,359.47			16,813.92			75,859.52			68,175.17
Less:	Inter Segment Revenue		36.76			63.49			32.32			192.61			524.15
	Sales/income from operations		23,551.13			20,295.98			16,781.60			75,666.91			67,651.02
	Other operating income		140.26			95.19			82.98			504.34			341.69
	Revenue from operations		23,691.39			20,391.17			16,864.58			76,171.25			67,992.71
2	Segment Results
	[Profit / (loss) before tax and interest]
a)	Oil & Gas		515.28			340.47			(770.58	)		1,137.36			(2,057.61	)
b)	Zinc, Lead and Silver
	(i) Zinc & Lead - India		2,945.19			2,125.45			766.62			7,070.40			4,617.27
	(ii) Silver - India		444.92			380.20			348.55			1,486.33			1,178.66
	Total		3,390.11			2,505.65			1,115.17			8,556.73			5,795.93
c)	Zinc - International		91.64			159.85			19.92			741.55			71.96
d)	Iron Ore		338.52			420.54			205.36			1,139.89			238.58
e)	Copper		377.19			393.89			485.78			1,478.92			1,992.83
f)	Aluminium		676.07			321.85			131.94			1,134.88			(77.36	)
g)	Power		319.78			310.01			234.00			1,113.19			689.67
h)	Others		(7.56	)		(13.15	)		16.26			(19.32	)		72.67
	Total		5,701.03			4,439.11			1,437.85			15,283.20			6,726.67
Less:	Finance costs		1,503.48			1,508.22			1,562.08			5,855.04			5,778.13
Add:	Other unallocable income net off expenses		966.13			860.91			1,304.14			4,337.81			4,296.01
	Profit before tax and exceptional items		5,163.68			3,791.80			1,179.91			13,765.97			5,244.55
Less:	Exceptional items		114.40			—			33,645.37			114.40			33,784.72
	Profit/(loss) before tax		5,049.28			3,791.80			(32,465.46	)		13,651.57			(28,540.17	)
												(₹ in Crore)
		Quarter ended									Year ended
S. No.	Segment Information	31.03.2017 (Audited) (Refer Note 8)			31.12.2016 (Unaudited)			31.03.2016 (Audited) (Refer Note 8)			31.03.2017 (Audited)			31.03.2016 (Audited)
3	Segment assets
a)	Oil & Gas		16,913.78			19,830.77			21,688.80			16,913.78			21,688.80
b)	Zinc, Lead and Silver - Indiia		16,481.60			16,601.75			14,552.15			16,481.60			14,552.15
c)	Zinc - International		3,587.82			3,445.65			2,948.50			3,587.82			2,948.50
d)	Iron Ore		5,513.74			5,743.73			5,607.32			5,513.74			5,607.32
e)	Copper		8,317.41			9,565.07			8,312.51			8,317.41			8,312.51
f)	Aluminium		53,513.10			53,897.91			44,636.54			53,513.10			44,636.54
g)	Power		19,596.17			19,481.23			25,529.40			19,596.17			25,529.40
h)	Others		595.45			603.79			653.98			595.45			653.98
i)	Unallocated		74,510.53			66,122.55			71,301.90			74,510.53			71,301.90
	Total		199,029.60			195,292.45			195,231.10			199,029.60			195,231.10
4	Segment liabilities
a)	Oil & Gas		7,719.45			5,677.75			6,005.80			7,719.45			6,005.80
b)	Zinc, Lead and Silver - Indiia		4,753.29			3,479.47			3,441.65			4,753.29			3,441.65
c)	Zinc - International		1,126.56			732.04			834.87			1,126.56			834.87
d)	Iron Ore		1,546.56			1,309.52			1,145.79			1,546.56			1,145.79
e)	Copper		11,158.42			12,810.38			12,606.07			11,158.42			12,606.07
f)	Aluminium		13,279.85			11,693.11			7,219.94			13,279.85			7,219.94
g)	Power		1,880.98			2,179.19			4,488.44			1,880.98			4,488.44
h)	Others		62.84			59.01			52.46			62.84			52.46
i)	Unallocated		83,073.61			70,493.74			78,835.82			83,073.61			78,835.82
	Total		124,601.56			108,434.21			114,630.84			124,601.56			114,630.84

The main business segments are, (a) Oil & Gas which consists of exploration, development and production of oil and gas (b) Zinc which consists of mining of ore, manufacturing of zinc and lead ingots and silver, both from own mining and purchased concentrate (c) Iron ore including pig iron, metallurgical coke (d) Copper which consist of mining of copper concentrate, manufacturing of copper cathode, continuous cast copper rod, anode slime from purchased concentrate and manufacturing of precious metal from anode slime, sulphuric acid, phosphoric acid (e) Aluminium which consist of mining of bauxite and manufacturing of alumina and various aluminium products (f) Power excluding captive power but including power facilities predominantly engaged in generation and sale of commercial power and (g) Other business segment represents port/berth. The assets and liabilities that cannot be allocated between the segments are shown as unallocated corporate assets and liabilities, respectively.

Three units of 600 MW each at Jharsuguda and 1 unit of 270 MW at Balco, Korba have been converted from commercial power plant to captive power plant, pursuant to an order of Orissa Electricity Regulatory Authority and increased inhouse demand respectively. Accordingly, the revenue, results, segment assets and segment liabilities of these plants have been disclosed as part of Aluminium segment effective April 1,2016.

Additional intra segment information of revenues and results for the Zinc, Lead and Silver segment have been provided to enhance understanding of segment business.

Consolidated Statement of Assets and Liabilities		(₹ in Crore)
Particulars		As at 31.03.2017 (Audited)		As at 31.03.2016 (Audited)
A	ASSETS
1	Non-current assets
	(a) Property, Plant and Equipment		75,834.44		66,298.33
	(b) Capitalwork-in-Progress		17,670.89		27,925.96
	(c) Exploration intangible assets under development		9,885.79		10,535.37
	(d) Other Intangible assets		920.45		932.18
	(e) Financial assets
	(i) Investments		72.93		48.80
	(ii) Trade receivables		1,169.24		34.10
	(iii) Loans		26.42		11.29
	(iv) Others		2,989.29		2,699.73
	(f) Deferred tax assets (net)		7,492.02		8,518.60
	(g) Othernon-current assets		3,354.75		2,870.48
	(h) Income Tax assets		2,817.27		2,512.99
	TotalNon-current assets		122,233.49		122,387.83
2	Current assets
	(a) Inventories		9,627.89		8,011.65
	(b) Financial Assets
	(i) Investments		46,889.18		53,337.18
	(ii) Trade receivables		2,240.07		2,493.75
	(iii) Cash and cash equivalents		9,863.71		2,200.31
	(iv) Other bank balances		4,259.03		1,508.48
	(v) Loans		79.20		81.94
	(vi) Others		1,106.18		2,947.52
	(c) Current Tax Assets (Net)		13.60		276.70
	(d) Other Current Assets		2,717.25		1,985.74
	Total Current assets		76,796.11		72,843.27
	Total assets		199,029.60		195,231.10
B	EQUITY AND LIABILITIES
1	Equity
	Equity Share Capital*		371.75		296.50
	Other Equity		60,128.36		43,742.67
	Equity attributable to owners of Vedanta Limited		60,500.11		44,039.17
2	Non-controlling interests		13,927.93		36,561.09
	Total Equity		74,428.04		80,600.26
	Liabilities
3	Non-current liabilities
	(a) Financial liabilities
	(i) Borrowings		30,255.14		49,378.41
	(ii) Other financial liabilities		3,375.59		416.18
	(b) Provisions		2,053.50		2,051.39
	(c) Deferred tax liabilities (Net)		2,083.67		3,250.75
	(d) Othernon-current liabilities		4,158.40		5,193.85
	TotalNon-current liabilities		41,926.30		60,290.58
4	Current Liabilities
	(a) Financial liabilities
	(i) Borrowings		32,244.87		12,289.56
	(ii) Trade payables		18,459.11		16,162.37
	(iii) Other financial liabilities		24,305.12		18,351.55
	(b) Other current liabilities		7,170.00		7,001.78
	(c) Provisions		293.09		350.96
	(d) Current Tax Liabilities (Net)		203.07		184.04
	Total Current Liabilities		82,675.26		54,340.26
	Total Equity and Liabilities		199,029.60		195,231.10

* Equity share capital as at March 31, 2017 includes Rs.75.25 crores on account of equity shares which are to be issued pursuant to the merger (Refer Note 4)

Notes:-

1 The above results of Vedanta Limited (“the Company”), for the quarter and year ended March 31, 2017 have been reviewed by the Audit Committee and approved by the Board of Directors in their respective meetings held on May 15, 2017.

2 The Board of Directors in its meeting held on March 30, 2017 declared an interim dividend @ 1770% i.e.₹ 17.70 per equity share of₹ 1/- each. This together with first interim dividend already paid is 1945% i.e.₹ 19.45 per equity share for the financial year2016-17.

The Board had also approved dividend of₹ 17.70 per equity share to shareholders of erstwhile Cairn India Limited, who have become shareholders of the Company on the record date i.e. April 27, 2017 fixed for the purpose, as detailed in note 4 below.

3 The financial results of the Company have been prepared in accordance with the Indian Accounting Standards (“Ind AS”) as prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder. The date of transition to Ind AS is April 1, 2015. The Company had previously issued its unaudited financial results for periods through December 31, 2016, prepared in accordance with the recognition and measurement principles ofIND-AS, based on its preliminary selection of exemptions and accounting policies. Since all such policies and exemptions have now been finalised, financial results for all periods from April 1, 2015 have now been restated to give effect of the same.

4 On July 22, 2016, Vedanta Limited and Cairn India Limited revised the terms of the proposed merger between Vedanta Limited and Cairn India Limited which was initially announced on June 14, 2015. As per the revised terms, upon the merger becoming effective,non-controlling i.e. public shareholders of Cairn India Limited will receive for each equity share held in Cairn India Limited, one equity share in Vedanta Limited of face value₹ 1 each and four 7.5% Redeemable Preference Shares in Vedanta Limited with a face value of₹ 10 each. No shares were to be issued to Vedanta Limited or any of its subsidiaries for their shareholding in Cairn India Limited.

During the current quarter, the Company received all substantive approvals, necessary for effecting the merger. The Board of Directors of the Company has made the Scheme of Arrangement between Vedanta Limited and Cairn India Limited and their respective shareholders’ and Creditors effective on April 11, 2017.

5 Reconciliations of equity and net profit as per erstwhile Indian GAAP as previously reported and Ind AS is as follows:

₹ in Crore

Particulars	Quarter ended Mar 31, 2016 (Audited) (Refer note 8)			Year ended Mar 31, 2016 (Audited)
Net profit/(loss) as per erstwhile Indian GAAP		(10,281.38	)		(6,136.97	)
Adjustments
Effect of measuring investments at fair value		(44.86	)		962.03
Change in depletion, depreciation and amortisation of oil and gas assets, mining assets and other assets		(663.99	)		(1,608.91	)
Depreciation on fair valuation of items of property, plant and equipment		175.32			62.26
Impairment of oil & gas/mining assets, net of reversal of impairment of goodwill under erstwhile Indian GAAP		(21,332.82	)		(21,332.82	)
Effect of change in foreign exchange fluctuation- Oil and Gas business		(94.93	)		(946.00	)
Others		63.87			23.89
Deferred tax impact		12,353.09			12,735.17
Deferred tax on undistributed profits of subsidiary		(1,277.96	)		(1,621.04	)
Net profit/(loss) as per Ind AS		(21,103.66	)		(17,862.39	)
Other Comprehensive Income		(149.10	)		400.13
Total Comprehensive income as per Ind AS		(21,252.76	)		(17,462.26	)

6 Reconciliation of Equity betweenIND-AS and erstwhile Indian GAAP:

Nature of adjustments	As at March 31, 2016
Equity as per erstwhile Indian GAAP		77,639.72
Adjustments
Effect of measuring investments at fair value		6,120.62
Fair valuation of items of property, plant and equipment as deemed cost & effect of depreciation thereon		(1,724.95	)
Recognition of fair value of mining assets/oil and gas assets/other assets net of accumulated depreciation/amortisation and impairment		249.19
Change in foreign currency translation reserve		1,851.87
Discounting of site restoration liability and mine closure liability		186.11
Others		154.30
Deferred tax impact		(3,876.60	)
Equity as per Ind AS		80,600.26

7 Exceptional items comprises of the following:

	Quarter ended							Year ended
	31.03.2017 (Audited) (Refer Note 8)		31.12.2016 (Unaudited)		31.03.2016 (Audited) (Refer Note 8)			31.03.2017 (Audited)		31.03.2016 (Audited)
Impairment charge/(reversal) relating to property, plant and equipment and exploration assets		114.40		—		33,637.08			114.40		33,637.08
Voluntary retirement expenses		—		—		8.29			—		147.64
Deferred tax expense /(benefit) on above		33.60		—		(12,335.12	)		33.60		(12,369.01	)
Non-controlling interests on above		21.16		—		(7,886.92	)		21.16		(7,927.65	)

8 The figures of the last quarter are the balancing figures between audited figures for the full financial year and unaudited year to date figures up to the third quarter of the current financial year after considering the effects of restatement described in note 3 above.

	By Order of the Board
Place : Mumbai	Thomas Albanese
Dated : May 15, 2017	Chief Executive Officer & Whole Time Director