Anil Agarwal-led Vedanta Ltd on Wednesday released its fiscal fourth quarter earnings report with profit at Rs 4,961 crore, skyrocketing by 118.07 per cent on-year, surpassing estimates. The profit during the same period of FY24 was recorded at Rs 2,275 crore. It posted revenue from operations at Rs 40,455 crore, up 13.93 per cent as against Rs 35,509 crore recorded during the same period of previous financial year. The company’s EBITDA stood at Rs 11,466 crore.
According to a CNBC TV18 poll, Vedanta was expected to post Q4 profit at Rs 4,056 crore and revenue for the quarter in review was estimated at Rs 38,888 crore.
For the full year, Vedanta posted highest-ever consolidated revenue at Rs 1,50,725 crore, which was up 10 per cent on-year. Profit for the period jumped by 172 per cent YoY to Rs 20,535 crore. The company posted EBITDA at Rs 43,541 crore.
The company’s total capital expenditure in the year stood at Rs 12,626 crore, focused on volume expansion and supply chain integration. During the quarter, Vedanta’s Return on Capital Employed (ROCE) improved by 371 bps YoY to 27 per cent. Vedanta’s net debt for the quarter reduced to Rs 53,251 crore with Net debt/ EBITDA at 1.2x.
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 per cent YoY growth. Our EBITDA surged to Rs 11,618 crore, marking a 30 per cent growth year-on-year, accompanied by an EBITDA margin of 35 per cent, which is highest in the last 12 quarters. Our PAT soared to Rs 4,961 crore, reflecting an exceptional 118 per cent YoY growth, underscoring the unparalleled resilience and strength of our business. Furthermore, VEDL balance sheet deleveraged by ~$500 million in Q4 with a closing Net Debt of $6.2 billion, enabling substantial improvement in leverage to 1.2x, reinforces our robust financial foundation.”
Performance across business verticals
▪ Aluminum: Vedanta posted annual aluminum production at 2,422 kt, posting a growth of 2 per cent YoY. Annual Alumina production jumped by 9 per cent YoY supported by the commissioning of a new train.
▪ Zinc India: Hindustan Zinc reported high annual production of mined metal of 1,095 kt and refined metal of 1,052 kt.
▪ Zinc International: Q4 mined metal production of Zinc International stood at 50 kt, which is an increase of 52 per cent YoY and 9 per cent QoQ; full year total production at 178 kt. Overall full year CoP at $1299/t, lower 13 per cent YoY.
▪ Iron Ore, Steel and Others: Overall annual saleable ore production came in at 6.2 MTPA, up 12 per cent YoY. Annual saleable steel production at 1,337; Q4 production at 355kt, up 8 per cent QoQ and 4 per cent YoY. Annual Copper Cathode production at 149 kt, up 6 per cent YoY.
Arun Misra, Executive Director, Vedanta Limited, 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.”
Going forward, Arun Misra added, “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 long-term value creation.”