Vedanta Sees Net Profit Jump To ₹3,606 Cr, Revenue Up 6%

Vedanta posted its earnings for the quarter ended June on Tuesday afternoon.

What Happened: The company’s net profit for the quarter came in at ₹3,606 crore, a 36% increase from the ₹2,640 crore posted during the same quarter last year. Revenue from operations for the April-June quarter went up around 6% to ₹35,7654 crore from the ₹33,733 crore reported in the same quarter last year.

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Analysts had estimated a revenue of around ₹37,200 crore, with a net profit of ₹2,450 crore. Consolidated EBITDA for the April-June period came in at ₹10,275 crore, up 47% year-on-year. EBITDA margin was at 34%.

The company reported a net debt of ₹61,324 crore as of June 30, 2024. Net debt to EBITDA was at 1.5x. The company generated free cash flow (pre-capex) of ₹4,371 crore.

Price Action: Vedanta’s share price was down 0.11% to trade at ₹412.80 on Tuesday.

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