Vedanta Limited has announced its financial results for the second quarter of FY24-25, showcasing strong performance across various financial metrics and operational segments. The company’s focus on operational efficiency and strategic initiatives has contributed to robust growth.
Key Financial Highlights for Q2 FY24-25
- Revenue: Consolidated revenue stood at ₹37,171 crore, marking a 5% quarter-on-quarter (QoQ) increase and a 10% year-on-year (YoY) growth.
- EBITDA: The company achieved an EBITDA of ₹10,364 crore, registering a 44% YoY increase. This quarter marks the second consecutive quarter with an EBITDA exceeding ₹10,000 crore.
- Net Profit (PAT): Vedanta reported a quarterly PAT of ₹5,603 crore, with PAT before exceptional items at ₹4,467 crore, reflecting a 230% YoY increase.
- EBITDA Margin: Vedanta’s EBITDA margin stood at an impressive 34%, up by approximately 900 basis points YoY, showcasing the company’s efficient cost management and improved profitability.
Operational Highlights
Vedanta set new production records in its key businesses:
- Aluminium: Record half-year production at 1,205 kt, with aluminium production costs down 4% YoY.
- Zinc India: Record production at 524 kt, marking a 5% YoY increase.
- Iron Ore: Saleable ore production up by 7% YoY and 3% QoQ.
- Copper: Copper cathode production doubled QoQ and increased by 16% YoY.
Liquidity and Debt Position
Vedanta improved liquidity by 30% QoQ and YoY, with strong cash and cash equivalents totaling ₹21,727 crore. The company also reduced net debt by $1 billion in the first half of the fiscal year, reaching its lowest debt level in a decade.
Management Commentary
Arun Misra, Executive Director of Vedanta, emphasized the transformative impact of their strategic projects and integration efforts, which have significantly reduced production costs. CFO Ajay Goel highlighted Vedanta’s record-high first-half EBITDA and PAT before exceptional items, attributing the strong performance to cost efficiency, volume growth, and favorable commodity prices.
With these impressive results, Vedanta demonstrates its commitment to maintaining operational excellence and delivering shareholder value. The company’s ongoing debt reduction and liquidity improvement initiatives position it well for sustained growth.
