In Q1 FY2024-25, Vedanta generated a consolidated net profit of INR 3,606 crore, an increase of 36.59 per cent from INR 2,640 crore a year ago. The company's revenue from operations rose 5.6 per cent Y-o-Y to INR 35,239 crore against INR 33,342 crore.
EBITDA also grew 47 per cent Y-o-Y on account of structural cost-saving initiatives across businesses, easing of input commodity inflation, and favourable output commodity prices. Vedanta's near-term goal is to achieve $10 billion EBITDA, of which aluminium is estimated to account for $4.2 billion, zinc and silver $2.7 billion, and oil and gas business $0.9 billion.
The surge in Vedanta's Q1 earnings was primarily contributed by core earnings from the aluminium business, as the latter soared by 144 per cent to INR 4,441 crore.
Chief Financial Officer Ajay Goel said: "This (earnings) reflects strong business performance on cost and volume, which is additionally supported by elevated commodity prices."
Vedanta Limited also reported an EBITDA margin of 34 per cent in Q1 FY2025, as against 24 per cent during the corresponding period of the previous year.
US primary aluminium production shows a 4% monthly rebound in October, but no positive change seen in YTD output
