Vedanta Limited reported a 60% surge in profit, reaching ₹7,807 crore, driven by a 19% increase in revenue for Q3. The company achieved its highest-ever EBITDA of ₹15,171 crore, supported by margin expansion. Vedanta’s demerger order has been approved by NCLT, with credit rating reaffirmed at AA. The company continues to strengthen its balance sheet, with net debt/EBITDA improving to 1.23x.
Exceptional Financial Performance
Vedanta Limited announced strong unaudited consolidated results for Q3, highlighting significant profit and revenue growth. Key financial achievements include:
- Best-ever quarterly PAT of ₹7,807 crore, a 60% year-over-year increase.
- Highest-ever quarterly Revenue of ₹45,899 crore, up 19% year-over-year.
- Record-best quarter EBITDA of ₹15,171 crore, marking a 34% increase, supported by margin expansion of 629 bps to 41%.
- Net debt/ EBITDA stands at 1.23x, with credit rating reaffirmed at AA.
Strategic Developments
The company also reported significant strategic advancements:
- Vedanta demerger order approved by NCLT, paving the way for five pure-play entities.
- Acquired Incab Industries for downstream copper and aluminium, enhancing value-added capabilities.
Operational Highlights Across Business Segments
Key operational highlights across the group during the third quarter include:
Aluminum
- Record quarterly alumina production at 794 kt, up 57% YoY and 22% QoQ.
- Record Cast Metal production of Aluminium at 620 kt, up 1% YoY.
- Aluminium COP at $1,674/t, lower 11% YoY & 8% QoQ.
Zinc India
- Highest-ever quarter 3 mined metal production at 276 kt, up 4% YoY.
- Highest-ever quarter 3 metal production at 270kt, up 4% YoY.
- Lowest Q3 COP in last 5 years at $ 940/t, lower 10% YoY & 5% QoQ.
Zinc International
- Mined metal production at Zinc International jumps 28% YoY at 59 kt.
- Gamsberg’s production jumps 40% YoY.
Oil & Gas
- 3Q production at 84.9 kboepd.
Iron Ore and Facor
- Iron ore production at IOK at 1.2Mnt, up 3% YoY.
- Ferrochrome production at Facor at 24kt jumps 32% YoY.
Steel and Copper
- Steel production at 325kt, jumps 19% QoQ.
- Copper cathode production at 45kt.
Power
- Power sales increased 61% YoY.
Commitment to ESG
Vedanta Aluminium secured the second rank in the S&P Corporate Sustainability Assessment for the third consecutive year. The company continues to advance its sustainability agenda, with renewable energy use rising 44% QoQ and greenhouse gas intensity decreasing. They invested ₹267.9 crore in CSR initiatives, impacting 5.5 million lives.
Source: BSE
