Bengaluru, 24 June 2025 : London-based Vedanta Resources Ltd. delivered robust growth in revenue and EBITDA on the back of favourable commodity prices, higher premiums, and operational efficiencies. Revenue for fiscal year 2025 stood at US$ 18.2 billion, up 6% on a YoY basis, the company said in a release.
It reported its second-highest consolidated EBITDA at US$ 5.5 billion, up 16% YoY. EBITDA margin[1] was 36%, while the company has cash and cash equivalents of US$ 2.6 billion. The company’s free cash flow post-capex totalled US$ 1.0 billion, and return on capital employed remained at c.25 percent, reflecting disciplined and value-focused deployment across the portfolio.
Anil Agarwal, Chairman, Vedanta Resources Limited said, “The world around us is moving fast. There are big changes in geopolitics and geoeconomics. Some may view them as a challenge. We view them as opportunities.” Looking ahead, he added, “For Vedanta, this is the right moment to transform itself into a natural resources, energy and technology company. Vedanta 2.0 will have a key role in each of the most crucial levers of the economy. We are also in the process of demerging our business verticals to create a pure play model, which is nimble and fine-tuned to even faster growth and unlocking of massive value.”
VRL deleveraged its balance sheet by $1.2 billion, bringing net debt down to US$ 11.1 billion, and improving the net debt/EBITDA ratio to 2.0x from 2.6x a year earlier. Reflecting VRL’s strengthened financial position, S&P Global raised VRL’s credit rating by three notches to ‘B+’ while Fitch Ratings and Moody’s upgraded to B+ and B1 respectively.
Agarwal also highlighted Vedanta Resources’ robust ESG credentials stating that the company’s ESG goal is to achieve net-zero emissions by 2050. “In pursuit of this, we have secured 1,906 MW of renewable energy. Hindustan Zinc and Vedanta Aluminium have already begun utilizing renewable energy, and we are committed to expanding this across all our businesses. We have also made significant progress on other sustainability goals, increasing water recycling to 35% and improving our water positivity ratio to 0.63x. Responsible business practices, transparency, and robust governance will always be fundamental to our ethos,” he said.
Zinc India achieved record mined and refined metal production of 1,095 kt and 1,052 kt, respectively. Aluminium reached record metal production of 2,422 kt and alumina production of 1,975 kt. Both businesses maintained industry-leading cost positions, ranking in the top quartile and decile of the global cost curve respectively.
Vedanta Resources is focusing on growing its operations organically by developing brownfield opportunities in its existing portfolio. The company’s Indian subsidiary – Vedanta Limited – is undergoing a demerger process.
Once completed, it will result in five independent, sector-focused, and globally scaled entities. The demerger was approved by shareholders and creditors with over 99.5% voting in favour. Post-demerger, every shareholder of Vedanta Ltd. will receive one new share in each of the newly demerged companies, unlocking significant value and positioning each entity for long-term success.
