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Vedanta cuts debt by Rs 4,624 crore in September quarter as net profit jumps 151% - The Economic Times
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 eliminate debt, nearing completion in the upcoming quarter. The company has successfully reduced its debt by nearly ₹10,000 crore in recent months. Shares of Vedanta closed 3.
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