Vedanta Ltd on January 31 reported 77% increase in net profit at Rs 3,547 crore for the quarter ended December 31, 2024, propelled by a strong showing in its aluminium and zinc businesses.. It reported net profit of Rs 2,013 crore in the year-ago period.
The firm's revenue rose 10% to Rs 38,526 crore in Q3FY25 as against Rs 34,968 crore in Q3FY24. Consolidated EBITDA rose 30% YoY to Rs 11,284 crore in Q3FY25. Vedanta said its net debt stood at Rs 57,358 crore with net debt/ EBITDA at 1.4x (vs 1.7x in 3QFY24).
At 2:45 pm on January 31, Vedanta shares on BSE were trading 2% higher at Rs 441 apiece.
Arun Misra, Executive Director Vedanta Limited said. “We have delivered our highest-ever 3rd Quarter EBITDA of Rs 11,284 crore. Our strategic focus on cost optimisation and production ramp-up across our key businesses has helped us to continue delivering this outperformance. Notably, we witnessed 58% YoY jump in EBITDA at our Aluminium business and 28% YoY increase in our Zinc India business. We expect this outperformance to continue in the coming quarters driven by our ongoing growth initiatives and business integration projects."
Ajay Goel, CFO, Vedanta, said “This quarter marks a stellar performance, delivering the highest Q3 EBITDA
of Rs 11,284 crore, a remarkable 30% growth year-on-year, with a robust EBITDA margin of 34%. Our PAT stood
at Rs 4,876 crore, reflecting an exceptional 70% YoY growth, showcasing the resilience of our business. This
success has been driven by our focus on cost efficiencies, volume growth, and favourable commodity prices.
The recent upgrade in our credit rating, along with a leverage improvement to 1.4x, highlights our financial
strength and the market’s confidence in Vedanta’s growth trajectory. Additionally, the demerger process is
progressing well, with the shareholders’ and creditors’ meeting scheduled for February 2025."
The company reported its highest ever aluminum production of 613 kt in Q3FY25, up 2% YoY. Shareholders and creditors meeting for demerger will be held on February 18, said Vedanta.
Its core profit margin expanded to 34% from 29% a year earlier, on account of EBITDA in aluminium and zinc businesses rising by 58% and 28% respectively.
Domestic aluminium prices surged about 17%, while zinc prices rose nearly 22%, according to two brokerages, in line with benchmark aluminium CMAL3 and zinc CMZN3 prices on the London Metal Exchange (LME).
With inputs from Reuters
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