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via economictimes.indiatimes.comBusiness & Companies

Vedanta cuts debt by Rs 4,624 crore in September quarter as net profit jumps 151%

FROM THE WIRE · ECONOMICTIMES.INDIATIMES.COM

Vedanta reported significant financial growth, achieving record revenue and net profit in the September quarter. The company's consolidated revenue increased by 57% year-on-year to ₹25,812 crore while Ebitda doubled to ₹9,938 crore. After a recent demerger, Vedanta plans to…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishStrong quarterly results and debt reduction are relevant for the stock and the Indian mining sector.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Consolidated revenue rose 57% year-on-year to ₹25,812 crore.
  2. 02Ebitda doubled to ₹9,938 crore.
  3. 03Debt has been reduced by nearly ₹10,000 crore in recent months.

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