Vedanta Q1 FY25 results: Net profit rises 36.6% to Rs 3,606 crore

The company's other income was down 59.8 per cent to Rs 934 crore on a Y-o-Y basis

Metals and mining major Vedanta reported a 36.6 per cent rise in consolidated net profit attributable to the owners of the company for the first quarter of financial year 2025 (Q1FY25) on the back of lower expenses.

For Q1FY25, Vedanta’s profit after tax (PAT), attributable to the owners of the company, was Rs 3,606 crore, up from Rs 2,640 crore on a year-on-year (Y-o-Y) basis.

The company said the overall reported profit was at Rs 5,095 crore, up 54 per cent Y-o-Y. Vedanta reported a 5.5 per cent dip in total expenses compared to the corresponding period previous year. Net sales in the same period was up 5.7 per cent to Rs 35,239 crore. “Overall cost of production declined by about 20 per cent year-on-year on the back of structural changes and other initiatives,” the company said in a statement.

Sequentially, the company’s PAT was up 163 per cent and net sales was flat.

In a Bloomberg poll, eight analysts estimated a revenue of Rs 36,091 crore and five analysts estimated a net income adjusted of Rs 2,352 crore. Arun Misra, executive director, Vedanta said, “Vedanta has delivered a strong start to the year, with exceptional Ebitda improvement of 47 per cent and PAT improvement by 54 per cent year- on-year on the back of improved margins, and robust cost reduction across all operations.” Ebitda is earnings before interest, taxation, depreciation and amortisation. The company’s other income was down 59.8 per cent to Rs 934 crore on Y-o-Y basis.

On its proposed demerger into six separate listed entities, it said all the requisite approvals have been secured, and the demerger scheme filed with National Company Law Tribunal (NCLT) is on track.