ADVERTISEMENT
Metals-to-oil conglomerate Vedanta Ltd reported a 60.8% year-on-year decline in consolidated net profit at ₹1,808 crore in the July to September quarter this year, as compared to ₹4,615 crore in the same period last year on the back of higher expenses, according to its stock exchange filing. The company’s revenue from operations surged 20.5% at ₹36,237 crore in the September quarter, as compared to ₹30,048 in the same period last year.
On a sequential basis, the company’s revenue of operations plunged 5% in the September quarter.
For the September quarter, the company’s total expenses surged 43.3% to ₹33,221 crore, as compared to ₹23,171 crore in the same period last year. The company’s earnings before interest, taxes, depreciation and amortization (EBITDA) witnessed a decline of 42% at ₹8,038 crore in the September quarter, as compared to ₹10,582 crore. On a sequential basis, the company’s EBITDA witnessed a decline of 25.1% as compared to ₹10,741 crore in the April to June quarter.
October 2025
As India’s growth story gains momentum and the number of billionaires rises, the country’s luxury market is seeing a boom like never before, with the taste for luxury moving beyond the metros. From high-end watches and jewellery to lavish residences and luxurious holidays, Indians are splurging like never before. Storied luxury brands are rushing in to satiate this demand, often roping in Indian celebs as ambassadors.
The company’s consolidated income during the quarter under review surged 20.2% at ₹37,351 crore as compared to ₹31,074 crore in the same period last year. The company witnessed a sharp decline in its performance owing to weaker commodity prices, lower crude oil prices and windfall taxes.
On Friday, shares of Vedanta plunged 3.4% to hit an intra-day low of ₹279 on the National Stock Exchange.
Earlier this week, in a bid to boost semiconductor production in the country, the Anil Agrawal-led Vedanta Limited inked a joint venture with Taiwan-based electronics contract manufacturer Hon Hai Technology Group, also known as Foxconn to set up India’s first chip manufacturing plant worth ₹1.54 lakh crore in Gujarat.
The collaboration is the first JV in the electronics manufacturing space in India after the government’s policy announcement for electronics manufacturing and a PLI scheme for incentivising organisations to contribute toward the development of this sector.
Fortune India is now on WhatsApp! Get the latest updates from the world of business and economy delivered straight to your phone. Subscribe now.