Money

Vedanta Reports 70% Surge in Q3 Net Profit, Boosting Stock Performance

Mining and metals giant Vedanta Ltd. has reported an impressive 70% jump in its consolidated net profit for the third quarter of the fiscal year 2024–2025, signaling a strong recovery driven by cost optimization efforts and operational improvements.

The company’s net profit soared to ₹4,876 crore, a significant increase from ₹2,868 crore recorded in the same quarter last year. Vedanta’s consolidated revenue also saw a 10% uptick, reaching ₹39,115 crore during the period.

The positive performance was largely attributed to efficient cost management strategies, higher production across key business segments, and stable commodity prices.

Vedanta’s EBITDA (earnings before interest, taxes, depreciation, and amortization) for Q3 rose 30% year-over-year, amounting to ₹11,104 crore.

The company credited its improved performance to a combination of higher volumes in the aluminum, zinc, and oil & gas businesses, along with disciplined financial execution.

“This quarter’s strong results reflect the effectiveness of our strategic initiatives and cost optimization measures. We continue to focus on driving operational efficiencies and enhancing shareholder value,” said Vedanta’s CEO, David Reed.

The earnings report had an immediate impact on Vedanta’s stock, which saw an uptick following the announcement.

The company’s shares opened higher at ₹435.30 per share compared to the previous close of ₹432.30 on the BSE. Over the past year, Vedanta’s share price has surged by 57%, reflecting sustained investor confidence.

However, in the month leading up to the earnings report, the stock had declined by over 3%, with the strong Q3 performance helping to reverse this trend.

Market analysts believe Vedanta’s robust financial performance and ongoing restructuring efforts, including a proposed demerger, could sustain investor interest.

However, they caution that external factors such as fluctuations in commodity prices and regulatory changes could influence future stock movements.

With a strong financial performance and ongoing strategic realignment, Vedanta appears poised for continued growth as it enters the final quarter of the fiscal year.

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