- Vedanta’s net profit soared more than two-and-half times in the June-end quarter, increasing 152% year-over-year to ₹5,294 crore.
- Revenues for Vedanta soared 51% during the same period to ₹23,456 crore.
- Zinc India, a subsidiary of Vedanta, mined 268 kilotons (KT) during the quarter, up 4% year-over-year.
- Ferro Alloys subsidiary posted their highest ore production, up 41% year-over-year to 153 KT.
- Vedanta announced Arun Misra as their new CEO for a one-year period starting August 1.
- The VPPL demerger will be executed as a vertical split, with shareholders receiving 1 share of VPPL for every 20 shares of Vedanta.
- The demerged portfolio comprises about 2,200 acres of industrial land and 55,000 square feet of residential and commercial properties.
- The proposed demerger aims to unlock value from surplus assets.
Vedanta's net profit soared 152% year-over-year to ₹5,294 crore in the June-end quarter, attributed to enhanced cost efficiency and robust output across all segments.12
Revenues increased by 51% during the same period, reaching ₹23,456 crore.3
The company’s subsidiary, Zinc India, mined 268 kilotons (KT), a 4% increase year-over-year, while maintaining its lowest quarterly production cost at $851 per tonne, which is 16% lower year-over-year.4
Additionally, the Ferro Alloys subsidiary achieved its highest ore production, up 41% year-over-year to 153 KT.5
In a significant leadership change, Arun Misra has been appointed as the new CEO.6
The company also announced a VPPL demerger, which will be executed as a vertical split, allowing shareholders to receive 1 share of VPPL for every 20 shares of Vedanta.7
The demerged portfolio includes approximately 2,200 acres of industrial land and 55,000 square feet of residential and commercial properties.8
The company stated, “The proposed demerger will enable to unlock value out of these surplus assets,” highlighting its strategic intent to enhance shareholder value.9
“Revenues for Vedanta surged 51% to ₹23,456 crore, driven by strong performance across all segments. The proposed demerger aims to unlock value from surplus assets, with shareholders receiving 1 share of VPPL for every 20 shares of Vedanta.”
