Vedanta reports record Q3 revenue and profit after demerger approval
pre-market1 source ↓written by the desknot a recommendation
- $5.2 billion
- YoY
- 19%
- surged
- 60%
- $0.9 billion
- rose
- 34%
Vedanta Limited achieved record quarterly revenue of $5.2 billion, up 19% YoY, and profit after tax surged 60% to $0.9 billion. The company's EBITDA rose 34% to $1.7 billion, aided by a 629 basis point margin expansion. Regulatory approval for its demerger plan further strengthens its financial position, with net debt to EBITDA improving to 1.23 times.
Not investment advice. For informational purposes only.