In This Article:
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Annual Revenue: INR 150,725 crores, up 10% year-on-year.
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EBITDA: INR 43,541 crores, up 37% year-on-year.
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Quarterly Revenue (Q4 FY '25): INR 39,789 crores, up 14% year-on-year.
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Quarterly EBITDA (Q4 FY '25): INR 11,168 crores, 1% growth year-on-year.
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EBITDA Margin (Q4 FY '25): 35%, highest in the last 12 quarters.
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Profit After Tax (PAT) (Q4 FY '25): INR 4,961 crores, up 118% year-on-year.
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Annual PAT: INR 25,535 crores, up 172% year-on-year.
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Net Debt: INR 53,251 crores, decreased by more than INR 3,000 crores year-on-year.
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Net Debt-to-EBITDA Ratio: Improved to 1.2x from 1.5x in FY '24.
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Liquidity Position: INR 2,602 crores, up 34% year-on-year.
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Aluminum Production: Highest ever annual metal production of 2,422 kt.
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Zinc India Mined Metal Production: 1.095 million tonnes annually.
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Zinc India Refined Metal Production: 1.052 million tonnes annually.
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Oil and Gas Production (Q4 FY '25): 96.2 kbpod.
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Iron Ore Production: Increased 24% year-on-year and 40% quarter-on-quarter.
Release Date: April 30, 2025
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
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Vedanta Ltd (BOM:500295) achieved its highest annual revenue of INR 150,725 crores, marking a 10% year-on-year increase.
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The company reported its second highest EBITDA of INR 43,541 crores, reflecting a 37% year-on-year growth.
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Vedanta's aluminum business achieved its highest ever annual metal production of 2,422 kt, surpassing volume guidance for FY '25.
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The company secured a seller delivery agreement for over 1 gigawatt of renewable energy, aiming to significantly reduce emissions.
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Vedanta Ltd (BOM:500295) is making progress on its $9.5 billion capital expenditure program, with $5.5 billion already spent, supporting strategic projects on volume expansion and backward integration.
Negative Points
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Global economic uncertainty due to U.S. tariffs and retaliatory measures could impact Vedanta's performance.
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The company faces challenges in ramping up alumina production, with delays in achieving the targeted run rate.
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Vedanta's oil and gas production was impacted by natural declines in certain fields, affecting overall output.
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The demerger process involves complex approvals, including the transfer of mining leases, which could delay completion.
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Despite achieving high revenue, Vedanta Ltd (BOM:500295) fell short of its EBITDA target for FY '25 due to higher alumina prices and other operational challenges.
Q & A Highlights
Q: What is the current status and future outlook for Vedanta's alumina production capacity? A: Deshnee Naidoo, CEO, explained that the first 1.5 million tonne train is in production, with current production just under 2 million tonnes. The goal is to reach a run rate of close to 4 million tonnes by the end of the fiscal year, with total production for the year just over 3 million tonnes. Sunil Gupta, COO of Vedanta Aluminum, added that they are prepared to source bauxite from various domestic and imported sources to meet production targets.