Aluminium and Aluminium Products company Vedanta announced Q2FY25 results Financial Highllights: Consolidated Revenue of Rs 37,171 crore, up 5% QoQ and 10% YoY. Consolidated EBITDA of Rs 10,364 crore; 2nd Quarter in a row with 10k+ EBITDA, up 44% YoY. Industry best EBITDA margin of 34%, up ~900 bps YoY. Strong double-digit return on capital employed c.23%, improved ~152 bps YoY. Liquidity improved by 30% both QoQ & YoY with Strong Cash and Cash Equivalent of Rs 21,727 crore. Generated Free Cash Flow (pre capex) of Rs 8,525 crore up 50% YoY. Net debt of Rs 56,927 crore as on 30th September 2024, declined by ~Rs 4,400 crore vs June 2024. Net debt/ EBITDA at 1.49x in 2QFY25, marking the best position in last 6 quarters. Raised Rs 8,500 crore through QIP and Rs 3,133 crore through the Offer for Sale (OFS) of HZL. ICRA upgraded long term ratings from AA- to AA. Crisil Ratings revised outlook to ‘Watch with positive Implications’ from ‘Watch with Developing Implications’. Parent company, VRL, successfully raised USD 1.2 billion through a bond issue and reduced the interest costs on this debt by over 3%. Net Debt at parent entity reduced by USD 1bn in first half to reach to its lowest level in a decade. Demerger on track and in its final stages, with shareholder and creditor meetings scheduled in the coming months. Other Highlights: Renewable Energy (RE): Secured RE Power Delivery agreements (PDAs) of 1906 MW (+80MW QoQ). Initiated utilization of renewable energy in line with RE PDAs at Zinc India and Aluminium Business. Gender Diversity: Achieved our workplace gender diversity target for full-time employees 7 years in advance vs FY30 target of 20%. Gender diversity for full-time employees stands at 22% (FY24: 20%). ESG Rating: Secured top three ranking in the S&P; Global CSA assessment in 2024, for second consecutive year. CSR: Spent INR 141+ crore in 1HFY25 on CSR initiatives for communities, positively touching over 3.5 million lives. Women & Child Welfare: 6,363 Nand Ghars created for women and child welfare Arun Misra, Executive Director, Vedanta, said: “Vedanta is proud to report our highest-ever first-half EBITDA of Rs 20,639 crore with 46% growth YoY1 . The second half of this year will be a transformative period with our major growth and integration projects coming online and ramping up. 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, and ESG leadership remain our strategic priorities. With a rich, diversified asset portfolio, a stronger balance sheet, and ongoing growth projects, we are well-positioned to deliver exceptional overall performance.” Ajay Goel, CFO, Vedanta, said: “This has been an outstanding quarter, highlighted by significant progress in our corporate and strategic initiatives, strong financial results, and excellent operational performance. We delivered our highest-ever 1H EBITDA of Rs 20,639 crore, up 46% YoY, with a robust 34% EBITDA margin and PAT before exceptional items of Rs 4,467 crore, a 230% YoY1 increase. This strong performance is driven by cost efficiency, volume growth, and favourable commodity prices. Additionally, we raised USD 1.4 billion at Vedanta through a USD 1 billion QIP and a USD 400 million HZL OFS. At the same time, with the USD 1.2 billion VRL bond issuance and ongoing deleveraging, we have reduced Holdco. debt to USD 4.8 billion, the lowest level in a decade. This positions us well to generate lasting value for our stakeholders, both now and in the years to come.” Result PDF