Bengaluru : Vedanta Limited (BSE: 500295 & NSE: VEDL) today announced its Unaudited Consolidated Results for the first quarter ended 30th June 2025. Vedanta delivered robust financials with profit after tax* jumping 13% YoY to ₹ 5,000 crores. The company clocked the highest ever first quarter EBITDA of ₹ 10,746 crores, up 5% YoY. Vedanta’s EBITDA margin** improved by 81 bps to 35% YoY, highest in the last 13 quarters. The company’s consolidated revenue for Q1 stood at ₹ 37,434 crores, up 6% YoY.

Vedanta’s liquidity improved 7% QoQ & 33% YoY with cash and cash equivalent of ₹ 22,137 crore. The company’s Return on Capital Employed (ROCE) improved by 87 bps YoY to 25%. Credit ratings for Vedanta reaffirmed at AA from both CRISIL and ICRA to AA.

The company clocked record quarterly alumina production at 587 KT, up 9% YoY with lowest hot metal cost (ex-alumina) at 888 $/t in the last 16 quarters; overall aluminum cost of production lower by 12% QoQ. Vedanta’s zinc operations in India achieved highest ever first quarter mined metal production at 265 KT and lowest first quarter zinc cost of production at US$1,010/t, lower 9% YoY. The company’s international zinc operations witnessed a 50% YoY jump in mined metal production with overall cost of production at $1,269/t, lower 21% YoY. Vedanta’s power sales increased 33% QoQ. The company commissioned 950 MW of merchant power capacity with Athena power plant (Unit 1 – 600 MW) commissioned in July’25 and the Meenakshi power plant unit 3 (350MW) receiving COD in July’25.

*PAT Adjusted for key one-offs: Cairn OALP Exploration cost written off (net of tax) in 1QFY26 and 4QFY25 respectively and DTA of unutilized tax losses at ASI in 1QFY25

**EBITDA margin (ex-copper)

Commenting on Q1FY26 results, Mr Anil Agarwal, Chairman Vedanta, said, “Our Q1 performance has set a strong foundation for the year ahead. Amidst global market volatility, we delivered the highest-ever first quarter EBITDA. Operationally, we achieved the lowest hot metal cost (ex-Alumina) in the last 16 quarters, lowest-ever Q1 Zinc India CoP, 74% YoY increase in Gamsberg’s production, 33% QoQ surge in power sales, and 150% QoQ jump in Ferro Chrome volumes. The ramp-up of the Lanjigarh refinery to 587kt demonstrates our progress towards delivering over 3 MnT of Alumina in FY26. Looking ahead, the commissioning of Train II at Lanjigarh, 435kt smelter capacity at Balco and 1,300 MW of new thermal power capacity, all in Q2, will enable us to deliver our full-year guidance. The start of operations at our Sijimali bauxite mine and Kuraloi coal mine in H2 is likely to boost our performance to a record high.”

Mr Ajay Goel, CFO, Vedanta, said“This quarter, we achieved the highest- ever first quarter EBITDA of ₹ 10,746 crore, reflecting 5% YoY growth. The EBITDA margin expanded by 81bps to 35%, which is the highest in last 13 quarters. Our adjusted PAT grew 13% YoY to ~5,000 crores. This strong performance alongside corporate initiatives, such as the HZL stake sale which generated ₹ 3028 crore cash, has enabled Vedanta to deliver a Net Debt to EBITDA ratio of 1.3x. Given our NCD issuance of Rs 5000 crore and other refinancing, the cost of our debt has reduced by around 130bps YoY to 9.2%. The recent reaffirmation in credit rating at AA by both Crisil and ICRA highlights our financial strength and market’ confidence in Vedanta’s growth story.”