Metals and mining company Vedanta reported a net profit of Rs 5,603 crore in the September 2024 quarter, compared to a loss of Rs 915 crore on a year-on-year (YoY) basis. On a quarterly basis, profit grew 10% from Rs 5,095 crore. Revenue climbed 10% to Rs 37,171 crore in Q1 FY25 from Rs 33,738 crore in Q2 FY24.

Meanwhile, shares of Vedanta were today trading 0.32% higher at Rs 459.25 in the stock market. A total of 6.48 lakh shares of the company changed hands, accounting for a turnover of Rs 29.85 crore on the BSE. Vedanta’s market capitalization stood at Rs 1.72 lakh crore on the BSE.

The metals and mining company’s consolidated EBITDA rose 44% year-on-year to Rs 10,364 crore in the last quarter from Rs 7,197 crore. The company attributed the increase in EBITDA to favorable raw material prices, structural cost reduction initiatives and increased premiums across all businesses. Gross debt stood at Rs 78,654 crore as on September 30, 2024.

Net debt stood at Rs 56,927 crore as on September 30, 2024 and decreased by Rs 4,400 crore compared to the June 2024 quarter.