The Business Bytes
THEBUSINESSBYTES BUREAU
MUMBAI, MAY 5, 2025
Billionaire industrialist Anil Agarwal-led Vedanta Limited reported a stellar financial performance for the fiscal year ended March 31, 2025 (FY25), with consolidated profit after tax (PAT) skyrocketing 172 per cent year-on-year (YoY) to ₹20,535 crore. The metals-to-mining conglomerate also posted its highest-ever annual revenue of ₹1,50,725 crore, a robust 10 per cent increase YoY, and recorded its second-highest annual EBITDA at ₹43,541 crore, marking a 37 per cent rise.
The momentum was equally strong in the fourth quarter (Q4FY25), with Vedanta achieving its highest-ever quarterly revenue of ₹39,789 crore, up 14 per cent YoY. Quarterly EBITDA stood at ₹11,618 crore, reflecting a 30 per cent YoY increase, and an impressive EBITDA margin of 35 per cent the highest in the past 12 quarters. Profit for the quarter surged 118 per cent YoY to ₹4,961 crore.
Vedanta’s performance was powered by record operational output across key business segments. Aluminium production reached an all-time high of 2,422 KT, while its Indian zinc operations achieved their highest-ever mined and refined metal outputs at 1,095 KT and 1,052 KT, respectively. Iron ore production increased 12 per cent YoY to 6.2 million tonnes, and the company’s copper cathode output stood at 149 KT for the year.
In FY25, the company invested ₹12,626 crore in capital expenditure, emphasizing volume expansion and supply chain integration. Free cash flow (pre-capex) for the quarter came in at ₹7,814 crore, boosting cash and cash equivalents by 34 per cent YoY. Meanwhile, the Return on Capital Employed (ROCE) improved by 371 basis points YoY to 27 per cent.
Vedanta also strengthened its balance sheet significantly. Net debt declined to ₹53,251 crore with the Net Debt/EBITDA ratio improving to 1.2x from 1.4x at the end of December 2024. Credit rating agencies CRISIL and ICRA upgraded Vedanta’s rating to ‘AA,’ underscoring the company’s enhanced financial stability.
Expressing pride in the company’s accomplishments, Arun Misra, Executive Director, Vedanta Limited, said, “I’m pleased to report strong Q4 FY25 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 production costs to four-year lows. Looking ahead, we are accelerating strategic initiatives like the Lanjigarh Alumina Refinery expansion and the Sijimali Bauxite Mine in Odisha to further improve cost efficiencies. With multiple volume expansion projects nearing completion, we are confident in sustaining this growth trajectory in FY26.”
Echoing the sentiment, Ajay Goel, Chief Financial Officer, added: “Vedanta has delivered an unprecedented financial performance this quarter, driven by disciplined cost optimization and favorable market conditions. Our quarterly revenue of ₹39,789 crore and EBITDA of ₹11,618 crore underscore the resilience of our diversified portfolio. With our Net Debt/EBITDA ratio improving to 1.2x and a $500 million reduction in net debt during the quarter, we have laid a strong foundation for future growth.”
Vedanta’s strong FY25 results not only reinforce its leadership in India’s resource sector but also position the company for sustained growth. With strategic expansion projects, enhanced operational efficiencies, and a disciplined financial framework, Vedanta is set to build on this momentum in FY26, driving long-term value for stakeholders.
