Vedanta Q4 results: Company posts record revenue, net profit doubles amid cost efficiencies and aluminium-zinc surge

Diversified natural resources giant Vedanta Limited on Wednesday reported record revenues and a sharp improvement in profitability for the fourth quarter and full fiscal year 2024-25 (FY25), with, driven by higher aluminium and zinc volumes, cost efficiencies, and strategic deleveraging.

Vedanta posted its highest-ever quarterly consolidated revenue of ₹39,789 crore in its fourth quarter, a 14% increase from the same period last year, fuelled by favourable commodity prices and improved operational metrics. Its consolidated EBITDA surged 30% from the same time last year to ₹11,618 crore, with margins rising to 35%, the highest in the last 12 quarters. Net profit for the January-March quarter more than doubled to ₹4,961 crore. It also reported strong free cash flow (pre-capex) of ₹7,814 crore and reduced its net debt to ₹53,251 crore, bringing down the net debt-to-EBITDA ratio to 1.2x from 1.5x at FY24-end—a sign of financial discipline amid growth investments.

For the full year, Vedanta clocked its highest-ever consolidated revenue of ₹1,50,725 crore, up 10% from last year. EBITDA stood at ₹43,541 crore, the company’s second highest ever, while net profit nearly tripled to ₹20,535 crore. Capital expenditure for the year was ₹12,626 crore, focused on volume expansion across aluminium, zinc, and energy verticals. Vedanta’s aluminium business delivered record production of 2,422 kt in FY25, while Hindustan Zinc reinforced its status as the world’s largest integrated zinc producer with 1,095 kt mined metal and 1,052 kt in FY25 in refined metal. Notably, zinc production costs hit a 16-quarter low.

Vedanta shares closed marginally higher on Wednesday. With multiple expansion projects, including the Lanjigarh refinery ramp-up and Gamsberg Phase 2, scheduled for FY26, Vedanta is targeting volume growth and further cost optimization. Credit ratings from CRISIL and ICRA were upgraded to AA with watch on developing implications, strengthening investor confidence.