Vedanta Limited — Updates, 31-01-2025: Press Release

**Financial Highlights:**

Vedanta Limited reported consolidated revenue of ₹38,526 crore for Q3 FY25, marking a 4% QoQ and 10% YoY increase. EBITDA reached ₹11,284 crore, reflecting a strong 30% growth year-on-year and an EBITDA margin improvement to 34%, up 517 bps from the previous year. Profit after tax surged by 70% YoY to ₹4,876 crore, reflecting robust performance and operational efficiencies.

**Strategic Initiatives and Growth Drivers:**

Key drivers included record aluminum and alumina production, contributing to overall performance. The parent company, VRL, successfully restructured $3.1 billion in bonds with improved terms, bolstering financial strength and aiding in long-term growth initiatives.

**Business Developments:**

In the aluminum segment, production hit 613 kt, while zinc production achieved its lowest cost of production (CoP) in 15 quarters. The operational focus on cost efficiency and output expansion highlights the company's commitment to optimizing its resource base.

**Market Position and Competitive Advantage:**

Vedanta maintains a strong market presence with substantial improvements in credit ratings, indicating improved perceived reliability. Favorable commodity prices further support its growth trajectory, promising potential upside for investors.

**Investor Implications:**

Investors should view Vedanta's robust financial results and operational achievements as a positive outlook, reflecting the company's ability to navigate challenges and capitalize on market opportunities. With a strong liquidity position and ongoing demerger processes, future growth appears promising.