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Vedanta Q2 earnings: Firm reports Rs 5,603-crore profit, EBITDA climbs 44% 

Vedanta Q2 earnings: Firm reports Rs 5,603-crore profit, EBITDA climbs 44% 

Shares of Vedanta were trading 0.32% higher at Rs 459.25 in the equity market today. A total of 6.48 lakh shares of the firm cha

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Aseem Thapliyal
Aseem Thapliyal
  • Updated Jan 31, 2025 3:54 PM IST
Vedanta Q2 earnings: Firm reports Rs 5,603-crore profit, EBITDA climbs 44% Revenue climbed 10% to Rs 37171 crore in Q1FY25 against Rs 33738 crore revenue in Q2FY24. 

Metals and mining firm Vedanta reported a net profit of Rs 5,603 crore in the September 2024 quarter against Rs 915 crore loss on a year-on-year (YoY) basis. On a quarter on quarter basis, profit rose 10% from Rs 5095 crore. Revenue climbed 10% to Rs 37171 crore in Q1FY25 against Rs 33738 crore revenue in Q2FY24.

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Meanwhile, shares of Vedanta were trading 0.32% higher at Rs 459.25 in the equity market today. A total of 6.48 lakh shares of the firm changed hands amounting to a turnover of Rs 29.85 crore on BSE. Market cap of Vedanta stood at Rs 1.72 lakh crore on BSE.

Consolidated EBITDA of the metal and mining firm rose 44% YoY to Rs 10,364 crore in the last quarter against Rs 7197 crore.   Th company attributed rise in EBITDA due to favourable output commodity prices, structural cost saving initiatives and increased premia across businesses. Gross debt stood at Rs 78,654 crore as on September 30, 2024.

Net debt stood at Rs 56,927 crore as on September 30, 2024 and declined by Rs 4,400 crore against June 2024 quarter.

Disclaimer: Business Today provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.

ABOUT THE AUTHOR

Aseem Thapliyal
Aseem Thapliyal

A journalist with over 12 years' experience, who tracks trends in the share market and writes stock market stories. An active follower of Sensex and Nifty, I capture stocks in news and analysis by share market experts and brokerages on their outlook and price targets. I cover company news/earnings leading to a rally or crash in particular stocks or stock market indices. Also track impact of global stock markets on their Indian peers. I have worked with Live Mint and NDTV Profit in previous stints. My hobbies are exploring new places, travelling, watching movies, spending time with friends and family, watching web series, playing cricket and football. I have completed graduation from Delhi University along with a PG Diploma in journalism from IIMC. I can be reached easily via social media platforms.

Published on: Nov 8, 2024 3:01 PM IST
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