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Vedanta Results: Latest Quarterly Results & Analysis

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Vedanta Ltd. 31 Jul 2025 15:26 PM
Result PDF

Q1FY26 Quarterly Result Announced for Vedanta Ltd.

Aluminium and Aluminium Products company Vedanta announced Q1FY26 results

  • Consolidated Revenue at Rs 37,434 crore, up 6% YoY.
  • Highest ever first quarter EBITDA at Rs 10,746 crore, up 5% YoY.
  • EBITDA margin (ex-Copper) at 35%, up 81 bps YoY – highest in the last 13 quarters.
  • Adjusted PAT jumps 13% YoY to Rs 5,000 crore; PAT at Rs 4,457 crore.
  • Strong double-digit Return on Capital Employed at 25%, improved by 87 bps YoY.
  • With capex spent of Rs 5,155 crore and consolidated dividend payout of Rs 4280 crore, the Net Debt stands at Rs 58,220 crore, implying Net debt/ EBITDA ratio of 1.3x.
  • Credit Rating reaffirmed at AA by both CRISIL and ICRA.
  • Generated Rs 3,028 crore from 1.6% stake sale in HZL; Liquidity improved 7% QoQ and 33% YoY with Cash and Cash Equivalent of Rs 22,137 crore.

Anil Agarwal, Chairman, Vedanta, said: “Our 1Q performance has set a strong foundation for the year ahead. Amidst global market volatility, we delivered the highest-ever first quarter EBITDA. Operationally, we achieved the lowest hot metal cost (ex-Alumina) in the last 16 quarters, lowest-ever 1Q Zinc India CoP, 74% YoY increase in Gamsberg's production, 33% QoQ surge in power sales, and 150% QoQ jump in Ferro Chrome volumes. The ramp-up of the Lanjigarh refinery to 587kt demonstrates our progress towards delivering over 3 million ton of Alumina in FY26. Looking ahead, the commissioning of Train II at Lanjigarh, 435kt smelter capacity at Balco and 1300 MW of new thermal power capacity, all in 2Q, will enable us to deliver our full-year guidance. The start of operations at our Sijimali bauxite mine and Kuraloi coal mine in H2 is likely to boost our performance to a record high.”

Ajay Goel, CFO, Vedanta, said: “This quarter, we achieved the highest- ever first quarter EBITDA of Rs 10,746 crore, reflecting 5% YoY growth. The EBITDA margin expanded by 81bps to 35%, which is the highest in last 13 quarters. Our adjusted PAT grew 13% YoY to ~ Rs 5,000 crore. This strong performance alongside corporate initiatives, such as the HZL stake sale which generated Rs 3028 crore cash, has enabled Vedanta to deliver a Net Debt to EBITDA ratio of 1.3x. Given our NCD issuance of Rs 5000 crore and other refinancing, the cost of our debt has reduced by around 130bps YoY to 9.2%. The recent reaffirmation in credit rating at AA by both Crisil and ICRA highlights our financial strength and market’ confidence in Vedanta’s growth story.”

Result PDF

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Aluminium and Aluminium Products company Vedanta announced Q4FY25 & FY25 results

Q4FY25 Financial Highlights:

  • Highest-Ever Consolidated Revenue at Rs 39,789 crore, up 14% YoY.
  • Consolidated EBITDA stood at Rs 11,618 crore, up 30% YoY and 3% QoQ.
  • EBITDA margin at 35%, up 465 bp YoY – highest in the last 12 quarters.
  • Profit after tax (PAT) at Rs 4,961 crore, up 118% YoY and 2% QoQ.
  • Net Debt at Rs 53,251 crore with Net debt/ EBITDA at 1.2x (vs1.4x in Dec’24).
  • Cash and Cash Equivalent improved by 34% YoY on the back of Free cash flow (pre-capex) of Rs 7,814 crore.
  • Return on Capital Employed at 27% improved by 371 bps YoY and 277 bps QoQ.

FY25 Financial Highlights:

  • Highest-Ever Consolidated Revenue at Rs 1,50,725 crore, up 10% YoY.
  • EBITDA stood at Rs 43,541 crore – 2nd Highest Ever, up 37% YoY.
  • PAT jumps 172% YoY to Rs 20,535 crore.
  • Total capital expenditure in the year stood at Rs 12,626 crore, focused on volume expansion and supply chain integration.
  • Credit Rating upgrades from both CRISIL and ICRA to AA, with an outlook of watch with developing implications.

Arun Misra, Executive Director Vedanta, said: “I'm pleased to report strong Q4FY25 results, reflecting our consistent focus on operational discipline. This quarter concludes a year of exceptional achievement in FY25, where we not only delivered the highest-ever annual volumes for Aluminium and Zinc but also drove costs of production down significantly, reaching four-year lows for Zinc India CoP and ex-Alumina CoP at Aluminium. Our outlook for FY26 is firmly focused on growth and efficiency. We are accelerating our transformation, driven by strategic projects like the Lanjigarh Expansion and Sijimali Bauxite Mine, which are on track to significantly improve our cost position next fiscal year. With multiple volume expansions projects set for completion in FY26, we remain confident in our ability to deliver another strong year. We remain vigilant, responsive to market dynamics, and fully committed to seizing opportunities for a long-term value creation.”

Ajay Goel, CFO, Vedanta, said: “This quarter, Vedanta has delivered an unprecedented financial performance, achieving the highest- ever quarterly revenue of Rs 39,789 crore, reflecting robust 14% YoY growth. Our EBITDA surged to Rs 11,618 crore, marking a 30% growth YoY, accompanied by an EBITDA margin of 35%, which is highest in last 12 quarters. Our PAT soared to Rs 4,961 crore, reflecting an exceptional 118% YoY growth, underscoring the unparalleled resilience and strength of our business. This outstanding performance has been driven by our continuous focus on operational excellence, disciplined cost optimization, and the advantage of buoyant market dynamics. Furthermore, VEDL balance sheet deleveraged by ~USD 500 million in Q4 with a closing Net Debt of USD 6.2 billion, enabling substantial improvement in leverage to 1.2x, reinforces our robust financial foundation.”

Result PDF

Aluminium and Aluminium Products company Vedanta announced Q3FY25 results

Financial Highlights:

  • Consolidated Revenue of Rs 38,526 crore, up 4% QoQ and 10% YoY.
  • Consolidated EBITDA of Rs 11,284 crore, up 30% YoY and 9% QoQ; Margin1 at 34% up 517 bps YoY.
  • Profit after tax (before exceptional) at Rs 4,876 crore, up 70% YoY and 9% QoQ.
  • Net Debt at Rs 57,358 crores with Net debt/ EBITDA at 1.4x (vs 1.7x in Q3FY24).
  • Cash and Cash Equivalent improved by 66% YoY on the back of robust Free cash flow (precapex) of Rs 6,766 crore.
  • CRISIL upgraded long-term credit rating from AA- to AA with Watch Developing.
  • Parent company, VRL successfully restructured USD 3.1 billion through bond issuances in the last 4 months resulting in longer maturities of up to 8 years, better covenants terms and a significant reduction in average coupon rate by 250 bps.

Operational Highlights:

  • Aluminum:
    • Highest ever Aluminum production of 613 kt, up 2% YoY.
    • Record Alumina production at 505 kt up 7% YoY.
  • Zinc India: Zinc India achieved lowest CoP in the last 15 quarters; CoP at 1041 USD/t down 5% YoY and 3% QoQ
  • Zinc International:
    • Mined metal production of Zinc International at 46 kt up 12% YoY.
    • Zinc International delivered lowest CoP in last 7 years at 1181 USD/t down 31% YoY.
  • Iron ore:
    • Pig Iron production at 217 kt, up 14% QoQ & 7% YoY.
    • Saleable Iron Ore production at 1.5 million tonnes, up 17% QoQ & 10% YoY.
  • Steel: Saleable steel production at 329kt, lower 3% YoY on account of lower demand.
  • Copper India: Copper cathode production at 45 kt up 9% QoQ & 3% YoY.

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 optimization 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.

I am also pleased to note that Vedanta Group companies have once again demonstrated their leadership in sustainability. In the S&P Global Corporate Sustainability Assessment 2024, HZL secured the top position, while Vedanta Limited ranked 4th among 248 global diversified peers. With our commitment to operational excellence and robust ESG practices, we are confident to capitalize on emerging opportunities and navigate any challenges.”

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.”

Result PDF

Aluminium and Aluminium Products company Vedanta announced Q2FY25 results

Financial Highllights:

  • Consolidated Revenue of Rs 37,171 crore, up 5% QoQ and 10% YoY.
  • Consolidated EBITDA of Rs 10,364 crore; 2nd Quarter in a row with 10k EBITDA, up 44% YoY.
  • Industry best EBITDA margin of 34%, up ~900 bps YoY.
  • Strong double-digit return on capital employed c.23%, improved ~152 bps YoY.
  • Liquidity improved by 30% both QoQ & YoY with Strong Cash and Cash Equivalent of Rs 21,727 crore.
  • Generated Free Cash Flow (pre capex) of Rs 8,525 crore up 50% YoY.
  • Net debt of Rs 56,927 crore as on 30th September 2024, declined by ~Rs 4,400 crore vs June 2024.
  • Net debt/ EBITDA at 1.49x in 2QFY25, marking the best position in last 6 quarters.
  • Raised Rs 8,500 crore through QIP and Rs 3,133 crore through the Offer for Sale (OFS) of HZL.
  • ICRA upgraded long term ratings from AA- to AA. Crisil Ratings revised outlook to ‘Watch with positive Implications’ from ‘Watch with Developing Implications’.
  • Parent company, VRL, successfully raised USD 1.2 billion through a bond issue and reduced the interest costs on this debt by over 3%.
  • Net Debt at parent entity reduced by USD 1bn in first half to reach to its lowest level in a decade.
  • Demerger on track and in its final stages, with shareholder and creditor meetings scheduled in the coming months.

Other Highlights:

  • Renewable Energy (RE): Secured RE Power Delivery agreements (PDAs) of 1906 MW ( 80MW QoQ). Initiated utilization of renewable energy in line with RE PDAs at Zinc India and Aluminium Business.
  • Gender Diversity: Achieved our workplace gender diversity target for full-time employees 7 years in advance vs FY30 target of 20%. Gender diversity for full-time employees stands at 22% (FY24: 20%).
  • ESG Rating: Secured top three ranking in the S&P Global CSA assessment in 2024, for second consecutive year.
  • CSR: Spent INR 141 crore in 1HFY25 on CSR initiatives for communities, positively touching over 3.5 million lives.
  • Women & Child Welfare: 6,363 Nand Ghars created for women and child welfare

Arun Misra, Executive Director, Vedanta, said: “Vedanta is proud to report our highest-ever first-half EBITDA of Rs 20,639 crore with 46% growth YoY1 . The second half of this year will be a transformative period with our major growth and integration projects coming online and ramping up. Through our structural interventions and initiatives, we have significantly reduced our cost of production over the past 12-15 months, and we will continue this trend in the coming quarters. As we move forward, operational excellence, sustained growth, and ESG leadership remain our strategic priorities. With a rich, diversified asset portfolio, a stronger balance sheet, and ongoing growth projects, we are well-positioned to deliver exceptional overall performance.”

Ajay Goel, CFO, Vedanta, said: “This has been an outstanding quarter, highlighted by significant progress in our corporate and strategic initiatives, strong financial results, and excellent operational performance. We delivered our highest-ever 1H EBITDA of Rs 20,639 crore, up 46% YoY, with a robust 34% EBITDA margin and PAT before exceptional items of Rs 4,467 crore, a 230% YoY1 increase. This strong performance is driven by cost efficiency, volume growth, and favourable commodity prices. Additionally, we raised USD 1.4 billion at Vedanta through a USD 1 billion QIP and a USD 400 million HZL OFS. At the same time, with the USD 1.2 billion VRL bond issuance and ongoing deleveraging, we have reduced Holdco. debt to USD 4.8 billion, the lowest level in a decade. This positions us well to generate lasting value for our stakeholders, both now and in the years to come.”

Result PDF

Aluminium & Aluminium Products company Vedanta announced Q1FY25 results:

  • Consolidated Revenue of Rs 35,239 crore, up 1% QoQ and 6% YoY.
  • Consolidated EBITDA of Rs 10,275 crore, up 15% QoQ and up 47% YoY.
  • Industry best EBITDA margin of 34%, ~1000 bps YoY.
  • Profit after tax at Rs 5,095 crore, up 124% QoQ and 54% YoY.
  • Strong double-digit return on capital employed c.25%, improved 181 bps QoQ and 763 bps YoY.
  • Liquidity improved by 17% YoY with Strong Cash and Cash Equivalent of Rs 16,692 crore.
  • Generated robust Free cash flow (pre capex) of Rs 4,371 crore up 41% YoY.
  • Net debt of Rs 61,324 crore as on 30th June 2024.
  • Net debt/ EBITDA at industry best 1.5x in 1QFY25 vs 1.9x in Q1FY24.
  • Raised Rs 8,500 crore through one of the largest QIP in industry.
  • All the requisite approvals secured, and demerger scheme filed with NCLT; demerger is on track.

Commenting on Q1FY25 results, Arun Misra, Executive Director Vedanta said “Vedanta has delivered a strong start to the year, with exceptional EBITDA improvement of 47% and PAT improvement by 54% year over year on the back of improved margins, and robust cost reduction across all operations. Our aluminium and zinc divisions continue to outperform industry benchmarks, consistently ranking in the top quartiles and deciles of the global cost curve. These achievements are a direct result of our strategic focus on cost, as reflected in a 20% year-over-year reduction in overall Cost. Our growth projects are well on track, and we remain committed to commission the majority of these projects in FY25. Moving ahead, our focus on operational efficiency, sustained expansion, and ESG excellence will guide our journey. With this dedication, we are confident in our ability to create substantial shareholder value in the year ahead.”

Ajay Goel, CFO, Vedanta, said “The start of FY25 has demonstrated phenomenal growth. In this quarter, we achieved an impressive EBITDA of Rs 10,275 crore, a jump of 47% YoY, with robust EBITDA margin of 34% and a PAT of Rs 5,095 crore, with YoY growth of 54%. This reflects strong business performance on cost and volume which is additionally supported by elevated commodity prices. The overwhelming response to the Vedanta’s $1 bn QIP, one of the largest in industry, underscores investor’s huge confidence. The proceeds from the QIP will be further instrumental in deleveraging balance sheet and reduction of finance cost. We have received all the requisite approvals and have filed the demerger scheme with the National Company Law Tribunal (NCLT) taking our demerger a step closer to reality.”

Result PDF

Aluminium & Aluminium Products company Vedanta announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

  • Consolidated Revenue of Rs 34,937 crore, flat QoQ.
  • Consolidated EBITDA of Rs 8,969 crore, up 3% QoQ with EBITDA margin of 30%.
  • PAT (excluding exceptional items) at Rs 2,453 crore.
  • Strong double-digit return on capital employed ~23%, improved QoQ.
  • Net debt/ EBITDA improved to ~1.5x vs 1.7x in Dec’23.
  • Net debt at Rs 56,338 crore, reduced 10% QoQ.
  • Liquidity improved by 21% QoQ with Strong Cash and Cash Equivalent of Rs 15,421 crore.
  • Generated robust Free cash flow (pre capex) of Rs 9,948 crore, up 131% QoQ.

FY24 Financial Highlights:

  • Second ever highest annual consolidated Revenue of Rs 1,41,793 crore.
  • Second ever highest annual EBITDA of Rs 36,455 crore, up 3%.
  • EBITDA margin improved to 30%, up ~240 bps.
  • Strong double-digit return on capital employed 23%, up ~240 bps YoY.
  • Successful liability management exercise at Hold Co., resulting in a structural improvement in capital structure.
  • Highest Dividend yield ~17% p.a. (5 Year avg), 10x vs Nifty 50 Cos, Dividend of Rs 18,572 crore paid in FY24.

Arun Executive Director of Vedanta said, “FY 2023-24 has been a remarkable year for Vedanta. We have achieved record production across our key businesses, a testament to our consistent focus on operational excellence. This focus, coupled with our commitment to cost leadership, ensured strong margins even during a challenging commodity market. We're especially proud of the Lanjigarh refinery expansion to 3.5 MTPA, taking us closer to a fully integrated 3 MTPA aluminum operation. The commencement of operations at the new Bicholim mine in Goa marks a significant step in our growth journey. HZL is now the world's 3rd largest silver producer. Our commitment to sustainability has been recognized globally – we topped the ESG rankings in India and ranked 3rd worldwide. This focus is further strengthened by securing 1,826 MW of renewable power through PDAs, with the first power delivery scheduled for Q1FY25. As we move forward, operational excellence, continued growth, and ESG leadership remains our strategic priorities. With this commitment, we are confident in delivering significant value for our shareholders in the coming year.”

Ajay Goel, Chief Financial Officer, Vedanta, said “Driven by operational excellence, Vedanta achieved outstanding financial results, marking the second highest annual revenue and EBITDA in our history, reaching Rs 1,41,793 crore and Rs 36,455 crore respectively. Through continued cost optimization, we achieved a remarkable EBITDA margin of 30% in FY24 with ~240 basis points annual margin expansion, underscoring our efficiency and agility. Moreover, our net debt/EBITDA ratio improved to 1.5x from 1.7x in December 2023. At Holdco, we deleveraged by USD 1.6 billion in FY24 & through successful liabilities management, Vedanta has a balanced capital structure, and will remain committed towards value creation.”

Result PDF

Aluminium & Aluminium Products company Vedanta announced Q3FY24 results:

  • Highest ever Q3FY24 consolidated Revenue of Rs 34,968 crore, up 4% QoQ and 4%YoY.
  • Consolidated quarterly EBITDA of Rs 8,677 crore, up 21% QoQ and 22% YoY.
  • EBITDA margin of 29% up 438 bps QoQ and 507 bps YoY.
  • PAT before exceptional items of Rs 2,868 crore, up 112% QoQ and 8%YoY.
  • Generated strong free cash flow (pre-capex) of Rs 4,306 crore in Q3FY24.
  • Strong double-digit return on capital employed ~23% up 140bps QoQ.
  • Successful Liability Management exercise at Holdco resulted in structural improvement in capital structure.
  • Dividend of Rs 4,089 crore paid in Q3FY24.

Arun Misra, Executive Director, Vedanta, said, “I am pleased to share that we have delivered the quarter of highest ever 3Q Revenue Rs 34,968 crore, up 4%YoY. Our strategic focus on substantial cost compression, paralleled by an impressive production ramp-up across businesses has helped us to deliver remarkable performance. Aluminium and zinc continued to set new benchmarks with the highest-ever nine months of production and placed in the 1st quartile cost position of global Aluminium and the first decile of Global Zinc mining cost curves, respectively. I am elated to share that Vedanta has been ranked 3rd in S&P Global Corporate Sustainability Assessment 2023, amongst 238 global peers whereas HZL has been ranked 1st. We are very focused and confident to achieve significant milestones with the various debottlenecking projects going on across all our businesses. With our unwavering commitment to operational excellence and strong ESG practices, we are optimistic to remain well positioned to navigate challenges and seize opportunities.”

Ajay Goel, Chief Financial Officer, Vedanta, said, “With our consistent focus on operational excellence, Vedanta delivered an exemplary financial performance with EBITDA of Rs 8,677 crore and PAT before exceptional items of Rs 2,868 crore. These represent a superlative increase of 21% QoQ and 112% QoQ respectively. Our continuous strategic cost optimization resulted in a remarkable 438 bps margin expansion. We are committed to rewarding our shareholders with attractive returns and have announced a dividend of Rs 11/share amounting to Rs 4,089 crore during the quarter. Our five-year average dividend yield stands 10 times higher than Nifty 50 companies. With a balanced capital structure through successful liabilities management at Holdco, Vedanta has a stronger balance sheet and will remain committed towards deleveraging and value creation.”

 

Result PDF

Aluminium & Aluminium Products company Vedanta announced Q2FY24 & H1FY24 results:

  • Highest ever second quarter consolidated Revenue of Rs 38,546 crore, up 16% QoQ. 
  • Highest ever second quarter consolidated EBITDA of Rs 11,834 crore, up 70% QoQ with a margin of 35%.
  • PAT before exceptional items of Rs 4,403 crore, up ~ 3x QoQ.
  • Generated strong free cash flow (pre-capex) of Rs 5,694 crore in Q2FY24, up 84% QoQ.
  • Strong double-digit return on capital employed ~21%, up ~462 bps QoQ.
  • Net debt decreased by Rs 1,420 crore QoQ to Rs 57,771 crore as of September 30, 2023.
  • Net Debt/EBITDA of 1.64x as against 1.88x in Q1FY24.
  • Contributed to exchequer Rs 26,358 crore in H1FY24

Arun Misra, Executive Director, Vedanta, said, “I am pleased to share that we have a quarter of highest ever Q2 turnover of Rs 38,546 crore with highest ever Q2 EBITDA of Rs 11,834 crore on the back of strong operational volume delivery and aggressive cost reduction across the table in all businesses. While excelling in operational performance we have also achieved a 5-point improvement YoY in this year’s S&P Global Corporate Sustainability Assessment Index. A strong believer in expanding our portfolio, we are steadfast in our growth journey and are progressing well in all growth projects announced so far with capex worth ~USD 8.4 billion. With this, our revenue is estimated to uptick by USD 4 billion and EBITDA by USD 1 billion. We remain well positioned, with a rich diversified asset portfolio, strong balance sheet, and cost optimization levers, to withstand the challenging macroeconomic environment.”

 

Result PDF

Aluminium & Aluminium Products company Vedanta announced Q1FY24 results:

  • Q1FY24 Revenue is at Rs 33,342 crore, compared to Rs 38,251 crore in Q1FY23
  • Q1FY24 EBITDA is at Rs 6,975 crore as against Rs 10,741 in Q1FY23 and Rs 9,362 in Q4FY23
  • EBITDA margin stood at 24% in Q1FY24
  • Consolidated profit after tax grew 6% QoQ to Rs 3,308 crore
  • Free cash flow (pre-capex) of Rs 3,098 crore
  • Return on capital employed 17%
  • Interim dividend of Rs 18.5/share; Q1FY24 dividend yield at ~7%
  • Gross debt stood at Rs 73,484 crore as of 30th June 2023
  • Net debt was Rs 59,192 crore as of 30th June 2023
  • Cash and cash equivalents position remains strong at Rs 14,292 crore

Sunil Duggal, Chief Executive Officer, Vedanta, said, “Vedanta is on a transformational journey with significant growth across its businesses and diversification into future enabling, technology-focused sectors. We remain committed to maximizing shareholder returns through best-in-class and low-cost operations, skill development, and global experience leadership with sustainability at the forefront. We have delivered Rs 6,975 crore in EBITDA this quarter, with an operating margin of 24% and PAT of Rs 3,308 crore, marking a 6% increase sequentially. As we continue to move forward, we remain committed to achieving operational excellence and enhancing our competitiveness in the market. We are determined to lead the charge towards a more sustainable and responsible tomorrow.”

 

 

Result PDF

Aluminium & Aluminium Products company Vedanta announced Q4FY23 & FY23 results:

  • Q4FY23:
    • Revenue of Rs 37,225 crore, up 10% QoQ
    • EBITDA of Rs 9,362 crore, up 32% QoQ with an EBITDA margin of 29%
    • Profit after tax of Rs 3,132 crore, up 1% QoQ
    • Generated robust Free cash flow (pre-capex) of Rs 7,211 crore, up 11% QoQ
    • Declared interim dividend of Rs 33/share in Q4FY23
  • FY23:
    • All time high consolidated revenue of Rs 1,45,404 crore, up 11% YoY
    • 2nd highest ever annual EBITDA of Rs 35,241 crore with an EBITDA margin of 28%
    • Record Free cash flow (pre-capex) of Rs 28,068 crore, up 3%
    • Continue to maintain a strong double-digit return on capital employed at 21%
    • Net Debt/EBITDA of ~1.28x, maintained within capital allocation framework
    • Highest ever contribution to exchequer ~Rs 74,000 crore in FY23
    • Proactive commodity hedging for risk management, recorded Rs 3,088 crore gain
    • Historic high shareholder returns declared interim dividend of Rs 101.5 per share
    • Continue to maintain healthy cash and cash equivalents of Rs 20,922 crore on 31st Mar 2023

Sunil Duggal, Chief Executive Officer, Vedanta, said “Our commitment to operational excellence has helped us deliver record performance across our key businesses. We have delivered the highest-ever free cash flow (pre-capex) of Rs 28,068 crore, enabling us to reinvest for business growth and provide our valued shareholders with attractive dividends. Our progress on ESG transformation has been recognized by leading rating agencies, making it a remarkable year for us. We finalized 1868 MW renewable power delivery agreements which brings us one step closer to becoming carbon neutral by 2050 or sooner. Going ahead, we remain committed to operational excellence, shareholder value creation, and transforming for good.”

 

 

Result PDF

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