Vedanta Ltd FY25 Profit zooms 172% to Rs 20,535 crores

NEW DELHI (India CSR): Vedanta Limited today announced its Consolidated Results for the fourth quarter and the full year ended 31st March 2025. Vedanta delivered robust financials with FY25 revenue soaring 10% YoY to Rs 1,50,725 crores 1, its highest ever. The company’s EBITDA for FY25 stood at Rs 43,541 crores1, up 37% YoY, second highest for the company. Vedanta’s profit after tax for FY25 jumped 172% YoY to Rs 20,535 crores.

The company’s Q4 revenue reached an all-time high at Rs 39,789 crores, up 14% YoY. In Q4, the company’s EBITDA surged 30% YoY to Rs 11,618 crores with an EBITDA margin of 35%², up 465 bp YoY, highest in the last 12 quarters. The company’s profit for the quarter was up 118% YoY at Rs 4,961 crore. Vedanta’s cash and cash equivalent for the quarter improved by 34% YoY on the back of Free cash flow (pre-capex) of Rs 7,814 crore.

The company’s total capital expenditure in the year stood at Rs 12,626 crores, 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%.  The company’s net debt for the quarter reduced to Rs 53,251 crores with Net debt/ EBITDA at 1.2x (vs 1.4x in Dec’24). Vedanta has received credit rating upgrades from both CRISIL and ICRA to AA.

The company recorded its ever-highest production of aluminium at 2,422 KT. While the company’s zinc operations in India achieved highest ever mined and refined metal production at 1,095 KT and 1,052 KT, respectively. Vedanta’s iron ore business posted a growth of 12% with 6.2 Mt of iron ore production and the copper business posted annual copper cathode production at 149 KT.

Commenting on Q4FY25 results, 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 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 Alumina Refinery Expansion and Sijimali Bauxite Mine in Odisha, which are on track to significantly improve our cost position next fiscal. 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 forlong-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 year-on-year, 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, Vedanta Limited balance sheet deleveraged by ~$500 mn in Q4 with a closing Net Debt of $ 6.2 bn, enabling substantial improvement in leverage to 1.2x, reinforces our robust financial foundation.”

FY25 ESG Highlights

• ESG Leadership: Vedanta Limited’s subsidiary Hindustan Zinc secured the top position, while Vedanta Aluminium ranked 2nd among its global peers in the S&P Global Corporate Sustainability Assessment (CSA) 2024.
• Renewable Energy (RE): RE Power Delivery agreements (PDAs) of 1906 MW are in place. Overall, FY25 RE utilization at 2.61 bn units.
• Gender Diversity: Achieved our workplace gender diversity target for full-time employees 7 years in advance. Gender diversity for full-time employees stands at 22% (FY24: 20%)
• Waste Utilization: FY25 HVLT waste usage at 95%
• Water recycling:29% in FY25
• Tree Plantation: 3+ million trees planted as part of commitment to plant 7 million trees by 2030
• Women & Child Welfare: 8,045 Nand Ghars created for women and child welfare
• CSR contribution: Spent ₹ 584 crore in FY’25 on CSR initiatives for communities, positively touching ~6.8 million lives

Consolidated Financial Performance –

(In Rs crore, except as stated)

  *Comparatives exclude impact of one-time cairn arbitration gain in FY 24

**Excludes custom smelting at copper business.

Revenue:

• 4QFY25consolidated revenue at Rs 39,789 crore, up 3% QoQ and 14% YoY driven by favorable market prices and higher premiums
• EBITDA and EBITDA Margin:
• 4QFY25 EBITDA increased by 3% QoQto Rs 11,618 crore mainly driven by higher volumes, higher premiumspartially offset by input commodity inflation
• 4QFY25 EBITDA higher by 30% YoY on account of structural cost saving initiatives across businesses,favorable output commodity prices, partially offset by input-commodity inflation
• EBITDA margin¹at35% in 4QFY25, improved ~465bps YoY highest in 12 quarters
• Depreciation & Amortization:
• 4QFY25Depreciation &Amortization Rs 2,988 crore increased QoQ 11%and 9% YoY mainlyat Oil & Gas and Zinc India
• Finance Cost:
• 4QFY25 increased to 6% QoQ due to a change in the borrowing mix and one offs partially offset by lower interest rates and 7% YOY in line with average borrowing
• Investment Income:

4QFY25 lower 7% QoQ and 35% YoY due to change in investment mix

• Taxes:

Normalized ETR for 4QFY25 is 28% as compared to 46% in 4QFY24, mainly due to changes in profit mix and reduction in tax rate of a foreign subsidiary

• Profit After Tax:

4QFY25 Profit after tax at Rs 4,961 crore, higher 2% QoQ and 118% YoY.  

• Leverage, liquidity, and credit rating:
• Gross debt at ₹ 73,853 crore as on 31^stMar 2025
• Net debt at ₹ 53,251 crore as on 31^stMar 2025. Net debt to EBITDA ratio improved to ~ 1.2x vs~ 1.4x in Dec 2024 and ~ 1.5x inMar 2024
• Cash and cash equivalents position remains strong at Rs 20,602 crore. The Company follows a Board-approved investment policy and invests in high quality debt instruments with mutual funds, bonds, and fixed deposits with banks
• Both ICRA and CRISIL have provided AA rating while continuing on Watch with developing implications

4QFY25 Awards and Recognitions:

• Safety:
  • HZL and BALCO received multiple accolades for safety excellence at 2025 British Safety Council International Safety Awards
  • VGCB won Silver at CII Andhra Pradesh Safety Excellence Awards
• CSR:
  • BALCO Honoured at the BCC&I Social Leadership Conclave and Awards
  • Vedanta Jharsuguda honored with Two Prestigious Awards at the World CSR Congress 2025
• Business Excellence:
  • Vedanta Jharsugudawonthree Gold Awards at 3rd TQM-India Summit 2025 by Quality Circle Forum of India.
  • Hindmetal Exploration Services secured Category-A exploration agency accreditation from National Accreditation Board for Education and Training (NABET)
• Sustainability:
  • HZL received the Water Stewardship award (2nd Position) and Sustainability Performance award (2nd Position) at the 15th India Corporate Governance & Sustainability Vision Summit & Awards organized by the Indian Chamber of Commerce (ICC)

इसे हिंदी में भी पढ़ें: वित्तीय वर्ष 25 में वेदांता का मुनाफ़ा 172 फीसदी बढ़कर रु 20,535 करोड़ पर पहुंचा