Vedanta Delivers Highest-Ever Q1 EBITDA; Net Profit Hits Rs 5,000 Cr

Aug 2, 2025 - Vedanta Limited has announced its unaudited consolidated results for the first quarter ending June 30, 2025, reporting a strong financial performance. The company posted a net profit of Rs 5,000 crore, marking a 13% Year-on-Year (YoY) increase. It also recorded its highest-ever first-quarter EBITDA of Rs 10,746 crore, reflecting a 5% annual growth. Vedanta’s EBITDA margin rose by 81 basis points to 35%, the highest in the past 13 quarters. The consolidated revenue for the Quarter grew by 6% YoY to Rs 37,434 crore.

Vedanta’s liquidity improved by 7% Quarter-on-Quarter (QoQ) and 33% YoY, with cash and cash equivalents reaching Rs 22,137 crore. The Return on Capital Employed (ROCE) increased by 87 basis points to 25%. Credit ratings by CRISIL and ICRA were reaffirmed at AA level, signalling financial stability.

The company achieved record alumina production of 587 kilotonnes in the Quarter, a 9% increase. Hot metal cost (excluding alumina) was the lowest in the last 16 Quarters at $888 per ton. The total alumina production cost dropped 12% QoQ.

In India, Vedanta’s zinc operations reported their highest-ever Q1 mined metal production of 265 kilotonnes and the lowest-ever Q1 zinc cost of production at $1,010 per ton. Its international zinc operations saw a 50% YoY growth in mined metal output.

The company also commenced 950 MW merchant power capacity, including Athena Power Plant (Unit 1 – 600 MW), which became operational in July 2025, and Meenakshi Power Plant (Unit 3 – 350 MW), which achieved Commercial Operation Date (COD) in the same month.

Chairman Anil Agarwal said: “Our Q1 performance has laid a strong foundation for the rest of the year. Amid global market volatility, we delivered our highest-ever first-quarter EBITDA. Operationally, we achieved the lowest hot metal cost (ex-alumina) in 16 quarters, lowest-ever zinc India Q1 cost of production, 74% YoY increase in Gamsberg output, 33% QoQ surge in power sales, and 150% growth in ferro chrome volumes.

"The ramp-up of the Lanjigarh refinery to 587 kilotonnes signals our swift progress toward producing over 3 million tonnes of alumina in FY26. In Q2, the commissioning of Train-2 at Lanjigarh, BALCO’s 435 KT smelter, and a 1,300 MW thermal power capacity will help us meet our FY26 guidance.

"Additionally, the launch of operations at Sijimali bauxite mine and Kuraloi coal mine in H2 will further boost our performance to record levels.”

CFO Ajay Goel added: “This quarter we delivered our highest-ever Q1 EBITDA of Rs 10,746 crore, which shows a 5% YoY growth. EBITDA margin has increased by 81 basis points reaching 35%, the highest in 13 quarters. Our adjusted net profit of Rs 5,000 crore marked a 13% increase. The strong performance, along with strategic initiatives like the sale of Hindustan Zinc Limited stake, which yielded Rs 3,028 crore in cash, helped reduce our net debt-to-EBITDA ratio to 1.3x.

Our Rs 5,000 crore non-convertible debenture issue and other refinancing efforts lowered our cost of debt by around 130 bps to 9.2%. The AA credit rating reaffirmed by CRISIL and ICRA reflects our financial strength and market confidence in our growth trajectory.”

Sustainability and CSR Highlights

• Vedanta Group excelled in the S&P Global Sustainability Yearbook 2025.
• Hindustan Zinc ranked in the global top 1% for ESG performance.
• Vedanta Limited and Vedanta Aluminium were recognised as Sustainability Yearbook Members.
• Renewable energy (RE) usage: 0.84 billion units in Q1 FY26, with 1,906 MW RE PPA capacity operational.
• Gender diversity improved to 22% in Q1 FY26, up from 20% in Q1 FY25.
• Hazardous waste utilisation (HVLUT) was at 72%, and water recycling reached 48% in Q1 FY26.
• More than 5 lakh trees planted in Q1 FY26, taking the total to 35 lakhs, reaching 50% of the FY2030 goal of 70 lakh trees.
• More than 8,600 Nand Ghars built in Q1 FY26, impacting 3.4 lakh children and benefiting 2.5 lakh women.
• Vedanta spent Rs 98 crore on CSR initiatives in Q1 FY26, positively impacting around 20.4 lakh lives.