Vedanta says debt fell by Rs 4,624 crore in September quarter
In short
Vedanta said it reduced debt by Rs 4,624 crore in the September quarter. It also reported revenue of ₹25,812 crore, up 57% year on year, and Ebitda of ₹9,938 crore, which doubled.
This could help the company’s balance sheet and support its debt-cutting plan after the demerger. The report says shares closed 3, but it does not give the full price move or say if the plan will finish on time.
What the reporting says
Vedanta said it cut debt by Rs 4,624 crore in the September quarter as its consolidated revenue rose 57% year on year to ₹25,812 crore and Ebitda doubled to ₹9,938 crore. The company also said it has reduced debt by nearly ₹10,000 crore in recent months and plans to eliminate debt after a recent demerger. Shares closed 3. The report does not say the exact closing level or whether the debt plan will be completed on schedule.
Why it matters
The publisher summary says Vedanta reported record revenue and net profit in the September quarter, with consolidated revenue up 57% year on year to ₹25,812 crore and Ebitda doubling to ₹9,938 crore. It also says the company cut debt by Rs 4,624 crore in the quarter and nearly ₹10,000 crore in recent months, with a plan to eliminate debt after a demerger. The exact share move is incomplete in the source.