Mines, Metals & Momentum—Vedanta’s FY25 Shines with Record Results

Image Source: The Economic Times

Vedanta Resources Ltd (VDAN.NS) has registered a record revenue of $18.2 billion and a record EBITDA of $5.5 billion for FY25 ended March 31, 2025. The performance reflects good operations, good commodity prices, and judicious capital management across its diversified portfolio.

1. Financial Highlights

Revenue: $18.2 billion, +6% YoY
EBITDA: $5.5 billion, +16% YoY
EBITDA Margin: 36%, industry-best
Free Cash Flow (post capex): $1.0 billion
Cash & Cash Equivalents: $2.6 billion
Net Debt: Reduced to $11.1 billion, adjusting net debt/EBITDA ratio to 2.0x

2. Operational Performance

Zinc India: Highest ever metal mined and processed at 1,095 kt and 1,052 kt respectively
Aluminium: Highest ever metal output of 2,422 kt and alumina production of 1,975 kt
Cost Leadership: Maintained top-quartile cost leadership across verticals

3. Strategic Outlook

Chairman Anil Agarwal emphasized Vedanta's transformation into a natural resources, energy, and technology leader, calling this the dawn of "Vedanta 2.0."
The group is restructuring through a demerger to four independent, sector-focused businesses, with over 99.5% shareholder backing.
Credit ratings were upgraded by S&P, Fitch, and Moody's, in accordance with increased financial strength.

Sources: BusinessWire, Vedanta Resources