Vedanta Limited said on Friday that his consolidated net profit increased by 76.2% to Rs 3,547 crore in the quarter ended December 31, 2024. In the same quarter of last year, the company recorded a profit of Rs 2,013 crore. The company’s total income increased by 9.5% to Rs 39,795 crore in this quarter, which was Rs 36,320 crore in the same quarter last year.
Vedanta’s third quarter consolidated revenue stood at Rs 38,526 crore, showing an increase of 4% on a quarterly basis and 10% on an annual basis. This increase was mainly due to better prices and high premiums in the market.
The company’s total expenditure during this quarter was Rs 33,134 crore, while it was Rs 32,215 crore in the same period last year.
The highest third quarter Ebitda ever
Arun Mishra, CEO of Vedanta Limited, said, “We have recorded Ebitda 11,284 crore of our highest third quarter ever. Our focus has been helpful in this great performance on reducing costs and increasing production in major sectors. ”
He said that in aluminum business, EBITDA has recorded an increase of 58% annually and 28% in Zinc India business. The company hopes that this pace will remain in the coming quarters.
Demker process in the right direction
Vedanta’s CFO Ajay Goyal said that the company’s dimer process is in the right direction and the meeting of shareholders and lenders is going to be held next month. Vedanta’s total debt was Rs 78,496 crore by December 31, 2024.
The company reported that its parent company Vedanta Resources Limited (VRL) has reorganized $ 3.1 billion by issuing bonds in the last four months, increasing the loan payment deadline by 8 years.
Vedanta Limited is a subsidiary of Vedanta Resources and does business in India, South Africa, Namibia, Liberia, UAE, Saudi Arabia, Korea, Taiwan and Japan. The company works in sectors such as oil and gas, zinc, lead, silver, copper, iron ores, steel, nickel, aluminum, power and glass substrates.
Today, until the trading shutdown, the company’s stock rose +2.11% to close at 441.40. (With PTI’s input)