On Friday, October 4, Vedanta Limited announced its second quarter and H1 results for FY2024-25 ended September 30, revealing the highest-ever quarterly and half-yearly aluminium production. In H1 FY2025, Vedanta's aluminium production totalled 1.205 million tonnes, following an output of 609,000 tonnes in Q2, up by 2.18 per cent from 596,000 tonnes in Q1 FY2025.
{alcircleadd}Year-on-year, Vedanta's aluminium production in Q2 FY2025 experienced an increase of 2.53 per cent from 594,000 tonnes.
In the full-year FY2023-24, Vedanta's aluminium production amounted to 2.37 million tonnes, up by 3 per cent Y-o-Y. Upon continuing the ongoing trend of aluminium production for the rest of the fiscal year FY2025, the company's metal output will exceed the prior year's level at the end of the year.
Vedanta reported an enhanced operational result for H1 FY2025, disclosing a 10 per cent Y-o-Y increase in power sales supported by higher generation from thermal plants.
The company also disclosed a Y-o-Y jump of 21 per cent in its H1 alumina output.
Q1 financial performace
In the first quarter of FY2025, Vedanta witnessed a 37 per cent Y-o-Y growth in net profit, amounting to INR 3,606 crore versus INR 2,640 crore in Q1 FY2024. Revenue rose 5.6 per cent Y-o-Y to INR 35,239 crore against INR 33,342 crore.
EBITDA also grew 47 per cent Y-o-Y. The company's long-term goal is to achieve $10 billion of EBITDA, comprised of $4.2 billion from aluminium, $2.7 billion from zinc and silver, and $0.9 billion from oil and gas.
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