Vedanta Ltd. Reports Highest-Ever 1H EBITDA at $2.47 Billion

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Reports Highest-Ever 1H EBITDA at $2.47 Billion - Business Wire China</title> <meta name="viewport" content="width=device-width, initial-scale=1.0"> <meta name="description" content="MUMBAI, India--(BUSINESS WIRE)--Indian multinational, Vedanta Limited (&ldquo;Vedanta&rdquo;) (NSE: VEDL), world&rsquo;s leading critical and futur"> <meta name="keywrods" content=""> <meta name="author" content="Business Wire China"> <link href="/css/bootstrap.css" rel="stylesheet"> <link href="/css/main.css?ver=20220804" rel="stylesheet"> <link href="/css/bootstrap-responsive.css" rel="stylesheet"> <script type="text/javascript" src="/js/jquery.min.js"></script> <script type="text/javascript" src="/js/bootstrap.js"></script> <script type="text/javascript" src="/js/main.js"></script>  <script src="//tjs.sjs.sinajs.cn/open/api/js/wb.js" type="text/javascript" charset="utf-8"></script> </head> <body>  <div class="header"> <div class="wrap"> <div class="container"> <div class="full_980 relative">  <div class="top_panel visible-desktop"> <a href="/zh">简体中文</a> | <a href="/hk">繁體中文</a> | <a href="/en">English</a> <div class="globalsite"><select id="globalsite" class="languages"><option value="0">Business Wire Global sites</option> <option value="1">Business Wire Global</option><option value="3">UK/Ireland</option><option value="4">Deutschland</option><option value="5">France</option><option value="6">Italy</option><option value="7">Japan</option> </select> </div> </div> <div class="logo"><a href="/en"><img src="/images/bwlogo_webmain_china.png" alt="Business Wire China" width="360" height="80"/></a></div> <div class="clear"></div> <div class="navigation"> <ul class="sf-menu"> <li class="current"><a href="/en">Home</a> </li> <li><a href="/en/news/index.html">News</a> </li> <li><a href="/en/events/index.html">Events</a> </li> <li><a href="/en/medias/index.html">Media Services</a> </li> <li><a href="/en/about/index.html">About Us</a> <ul> <li><a href="/en/about/contact.html">Contact Us</a></li> </ul> </li> </ul> <div class="clear"></div>  <div class="search_form visible-desktop"> <form action="/en/news/search" method="get"> <input class="inp_search" name="s" type="text" value="Search..." title="Search..." /> <input type="submit" class="search_btn" value=" " /> </form> </div>  </div>  </div> </div> </div> </div>   <div class="page_wrapper"> <div class="wrap"> <div class="container"> <div id="content"> <script src="http://tjs.sjs.sinajs.cn/open/api/js/wb.js?appkey=3616646312" type="text/javascript" charset="utf-8"></script> <script type="text/javascript" src="/js/swfobject.js"></script> <div class="full_980 main_wrap"> <div class="row"> <div class="span9 main_block story"> <p><img src="/files/logos/V/VedantaLogo.jpg" alt="Vedanta Ltd."></p> <h2 class="storytitle">Vedanta Ltd. Reports Highest-Ever 1H EBITDA at $2.47 Billion</h2> <div class="storytimelang"> <span class="time">2024-11-13 14:33</span> <span class="lang"> <ul> <li><a href="/zh/news/58274.html"><img src="/images/zh_cn.png" alt="zh_cn"></a></li> <li><a href="/hk/news/58274.html"><img src="/images/zh_hant.png" alt="zh_hant"></a></li> <li><a href="/en/news/58274.html"><img src="/images/en.png" alt="en"></a></li> </ul> </span> <div class="clear"></div> </div> <ul class="industry-list"> <li><a href="/en/industry/metals-mining.html" class="btn">Metals and Mining</a></li> <li><a href="/en/industry/energy-environmental.html" class="btn">Energy and Environmental</a></li> </ul> <div class="storycontent"> <p> MUMBAI, India--(<span itemid="https://www.businesswire.com" itemprop="provider publisher copyrightHolder" itemscope="itemscope" itemtype="https://schema.org/Organization"><span itemprop="name"><a href="https://www.businesswire.com/" itemprop="url" referrerpolicy="unsafe-url" rel="nofollow">BUSINESS WIRE</a></span></span>)--Indian multinational, Vedanta Limited (“Vedanta”) (NSE: VEDL), world’s leading critical and future minerals, energy and technology conglomerate announced its results for Q2 and H1 ending September 30, 2024. It reported highest-ever 1H EBITDA at $2.47 billion, up 46% YoY1.</p> <div> <div itemprop="articleBody"> <p> The company’s Q2 consolidated revenue was $4.4 billion, up 5% QoQ and 10% YoY1, while the consolidated EBITDA was $1.2 billion, up 44% YoY1. PAT before exceptional items was $533 million, up 230% YoY1. Vedanta registered industry best EBITDA margin2 of 34%, up ~900 bps YoY1. It generated free cash flow (pre capex) of $1.02 billion up 50% YoY1. Net debt/EBITDA at 1.49x in 2QFY25, marking the best position in the last 6 quarters.</p> <p> <em>Commenting on the results,<strong> Ajay Goel, CFO, Vedanta Limited, </strong>said</em>, <em>“This has been an outstanding quarter, highlighted by significant progress in our corporate and strategic initiatives, strong financial results, and excellent operational performance. This strong performance is driven by cost efficiency, volume growth, and favourable commodity prices. Additionally, we raised $1.4 billion at Vedanta through a $1 billion QIP and a $400 million HZL OFS. At the same time, with the $1.2 billion VRL bond issuance and ongoing deleveraging, we have reduced Holdco. debt to $4.8 billion, the lowest level in a decade.”</em></p> <p> Vedanta expects to build on this momentum in the second half of this year as many of its growth projects come online. Historically, Vedanta has recorded over 60% of its revenues in the second half of the year.</p> <p> <em><strong>Arun Misra, Executive Director, Vedanta Limited</strong> added,</em> “<em>Through our structural interventions and initiatives, we have significantly reduced our cost of production over the past 12-15 months, and we will continue this trend in the coming quarters. As we move forward, operational excellence, sustained growth, ESG leadership and a robust pipeline of growth projects remain our strategic priorities.”</em></p> <p> Vedanta has proposed one of India’s largest demergers that will ultimately result in six separate listed companies. The company’s demerger is on track and is in its final stages.</p> <p> For more information, please visit <a href="https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.vedantalimited.com&esheet=54150167&newsitemid=20241110046033&lan=en-US&anchor=www.vedantalimited.com&index=1&md5=a4cf98a5091f0d6cdd81c2995dcca1bc" referrerpolicy="unsafe-url" rel="nofollow" shape="rect" target="_blank">www.vedantalimited.com</a>.</p> <p> Note: USD-INR exchange rate used in the release: 83.8 for Q2 & 83.6 for H1.</p> <p> 1 Comparatives exclude impact of one-time cairn arbitration gain in 2Q FY24.<br /> 2 Excludes custom smelting at copper business.</p> </div> <div> <h2> Contacts</h2> <p> <strong>For any media queries, please contact:</strong></p> <p> Mr. Sukanti Ghosh, President - Global Policy & Communications:<br /> <a href="mailto:sukanti.ghosh@vedantaresources.com" referrerpolicy="unsafe-url" rel="nofollow" shape="rect" target="_blank">sukanti.ghosh@vedantaresources.com</a><br /> +44.7455.778.164</p> </div> </div> </div> <div class="subjects"> <ul class="subject-list"> <li><a href="/en/subject/earnings.html">Earnings News</a></li> </ul> </div> <div class="clear"></div> <div class="commentbox"> <wb:comments url="auto" border="y" width="auto" skin="blue" appkey="3616646312" ></wb:comments> </div> </div> <div class="span3 sidebar"> <div class="widget"> <h3>Business Wire Weibo</h3> <wb:follow-button uid="2676312451" type="red_2" width="136" height="24" ></wb:follow-button> </div> <div class="widget"> <h3>Industries</h3> <ul class="industry"> <li><a href="/en/industry/corporate-social-responsibility">Corporate Social Responsibility</a></li> <li><a href="/en/industry/manufacturing">Manufacturing</a></li> <li><a href="/en/industry/chemical">Chemical</a></li> <li><a href="/en/industry/health-pharmaceutical">Health and Pharmaceutical</a></li> <li><a href="/en/industry/property">Property</a></li> <li><a href="/en/industry/travel">Travel</a></li> <li><a href="/en/industry/automotive">Automotive</a></li> <li><a href="/en/industry/life-entertainment">Life and Entertainment</a></li> <li><a href="/en/industry/energy-environmental">Energy and Environmental</a></li> <li><a href="/en/industry/retail">Retail</a></li> <li><a href="/en/industry/transportation">Transportation</a></li> <li><a href="/en/industry/business-ecommerce">Business and E-commerce</a></li> <li><a href="/en/industry/communications-media">Communications and Media</a></li> <li><a href="/en/industry/metals-mining">Metals and Mining</a></li> <li><a href="/en/industry/finance">Finance</a></li> <li><a href="/en/industry/technology">Technology</a></li> <li><a href="/en/industry/sports">Sports</a></li> <li><a href="/en/industry/education">Education</a></li> <li><a href="/en/industry/art-culture">Art and Culture</a></li> <li><a href="/en/industry/legal">Legal</a></li> </ul> </div> <div class="widget"> <h3>Latest Releases</h3> <ul class="story"> <li><span class="time">2024-11-27 11:53</span><br/><a href="/en/news/58416.html">Uniphore Joins the World Economic Forum’s Innovator Community</a></li> <li><span class="time">2024-11-27 11:47</span><br/><a href="/en/news/58415.html">Abu Dhabi’s Technology Innovation Institute Inaugurates Open-Source AI Summit with Critical Discussions on the Future of AI</a></li> <li><span class="time">2024-11-27 11:40</span><br/><a href="/en/news/58414.html">Ras Al Khaimah Named the World’s Top City for Expatriates ‘To Get Started Abroad’</a></li> <li><span class="time">2024-11-27 11:33</span><br/><a href="/en/news/58413.html">PUMA’s Materials Strategy Receives Top Marks in the Material Change Index by Textile Exchange</a></li> <li><span class="time">2024-11-27 11:27</span><br/><a href="/en/news/58412.html">Viromed Medical AG: Cold Plasma as a Digital Antibiotic for the Lungs</a></li> </ul> </div> </div> </div> </div> </div> </div> </div> </div>   <div id="footer" class="hidden-phone"> <div class="wrap"> <div class="container"> <div class="full_980 relative">  <a href="#" id="totop_btn" class="visible-desktop visible-tablet"></a>   <div class="footer_top"> <div class="col940"> <div class="row"> <div class="span6"> <h4>Shanghai Office</h4> <p class="foot_home">Rm 1502 Xincheng Mansion, No. 167 Jiangning Rd, Shanghai, China</p> <p class="foot_phone">+86 21 5239 8905</p> <p class="foot_email"><a href="mailto:sh@businesswirechina.com">sh@businesswirechina.com</a></p> </div> <div class="span6"> <h4>Business Wire Hong Kong</h4> <p class="foot_home">51/F Hopewell Centre, 183 Queen's Road East<br/>Wan Chai, Hong Kong</p> <p class="foot_phone">+852 3602 3091</p> <p class="foot_email"><a href="mailto:hk@businesswire.com">hk@businesswire.com</a></p> </div> </div> </div> </div>   <div class="footer_bottom"> <div class="fleft"> <div class="copyright">© 2008-2016 Interfax Business Wire Service, all rights reserved.</div> </div> <div class="clear"></div> </div>  </div> </div> </div> </div> <script type="text/javascript"> var _gaq = _gaq || []; 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Vedanta Ltd. Reports Highest-Ever 1H EBITDA at $2.47 Billion - Business Wire China