Vedanta Ltd

Q4 FY24Diversified Metals

Vedanta Q4 FY24: Revenue ₹34,937 Cr, PAT ₹2,453 Cr

Q4 FY24 investor presentation: what the company reported on revenue, margins and projects.

Price₹268

Market cap₹1.0L Cr

P/E9.5

Updated24 Sept 2026

Read6 min read

Based on Vedanta Ltd's Q4 FY24 investor presentation. The company has not published an earnings-call transcript for this quarter, so figures here are what the presentation reports, not management guidance.

The short version

Revenue from operations for 4QFY24: ₹34,937 crore, flat QoQ, down 6% YoY (₹37,225 crore in 4QFY23). 4QFY24 EBITDA: ₹8,969 crore, up 3% QoQ, down 4% YoY (₹9,362 crore in 4QFY23) - 4QFY24 EBITDA Margin: ~30%, up ~2% QoQ, improved by ~240 bps YoY from FY23 margin of 28% - 4QFY24 PAT before exceptional items: ₹2,453 crore, down 14% YoY (₹2,868 crore in 4QFY23) - 4QFY24 PAT (including exceptional items): ₹2,273 crore, down 21% YoY (₹2,868 crore in 4QFY23) - No explicit margin outlook is stated in the presentation; however, FY24 EBITDA margin improved by ~240 bps to 30%, highlighting focus on structural cost savings and margin expansion.

From Vedanta Ltd's Q4 FY24 earnings-call transcript · updated 24 Sept 2026.

Revenue & Sales Performance

Revenue from operations for 4QFY24: ₹34,937 crore, flat QoQ, down 6% YoY (₹37,225 crore in 4QFY23).
Sales volumes:
Zinc-India refined zinc: 221 kt in 4QFY24 (+3% YoY from 216 kt).
Total Zinc-Lead India: 274 kt in 4QFY24 (+1% YoY from 270 kt).
Zinc concentrate (international): 26 kt in 4QFY24 (-59% YoY from 64 kt).
Aluminium total sales: 604 kt in 4QFY24 (+4% YoY from 578 kt).
Oil & Gas production (gross operated): 117.8 kboepd in 4QFY24 (-14% YoY from 137.0 kboepd).

2 more points management made on revenue & sales performance

Profitability & Margins

4QFY24 EBITDA: ₹8,969 crore, up 3% QoQ, down 4% YoY (₹9,362 crore in 4QFY23)
4QFY24 EBITDA Margin: ~30%, up ~2% QoQ, improved by ~240 bps YoY from FY23 margin of 28%
4QFY24 PAT before exceptional items: ₹2,453 crore, down 14% YoY (₹2,868 crore in 4QFY23)

2 more points management made on profitability & margins

See what Vedanta Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

Cairn India (Mangala, Bhagyam, Aishwariya infill, OALP, ABH infill, RDG infill, offshore infill): Approved $904 mn; Spent $337 mn (FY23) + $246 mn (FY24); Unspent $321 mn; ongoing
Aluminium Sector:
Jharsuguda VAP capacity expansion and others: Approved $237 mn; Spent $13 mn + $98 mn; Unspent $126 mn; In progress
Lanjigarh Refinery 2 to 5 MTPA expansion: Approved $641 mn; Spent $277 mn + $236 mn; Unspent $128 mn; Commissioned Train-1 1.5 MTPA alumina section; ongoing
Balco smelter and VAP capacity expansion: Approved $1,068 mn; Spent $106 mn + $379 mn; Unspent $583 mn; In progress
Coal & Bauxite mines (Jamkhani, Radhikapur, Kurloi, Ghoghrapalli, Sijimali): Approved $1,079 mn; Spent $87 mn + $42 mn; Unspent $951 mn; In progress
Zinc India mine expansion: Approved $2,077 mn; Spent $1,850 mn + $13 mn; Unspent $214 mn; ongoing
Zinc International Gamsberg Phase II: Approved $466 mn; Spent $53 mn + $174 mn; Unspent $239 mn; In progress
ESL hot metal capacity expansion 1.5 to 3 MTPA: Approved $349 mn; Spent $88 mn + $45 mn; Unspent $216 mn
Facor ferrochrome expansion 150 to 450 KTPA: Approved $318 mn; Spent $0 + $17 mn; Unspent $301 mn

2 more points management made on capital expenditure plans

Top-ranked in Diversified Metals

Ranked on what management guided this quarter

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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

The presentation details Vedanta Limited’s long-term debt of $8.3 billion consolidated ($4.9 bn standalone and $3.4 bn subsidiaries) as of March 31, 2024 (Page 40).
Debt maturities are diversified with scheduled repayments of ₹69.1K crore ($8.3 bn) through FY25 to FY28 and beyond (Page 40).
Net debt to EBITDA ratio improved from 1.7x in 3QFY24 to 1.5x in 4QFY24, indicating slight deleveraging (Page 31).
Cash and cash equivalents increased 21% q-o-q to ₹15,421 crore (Page 27, 31).

- Finance cost increased in FY24 mainly due to higher average borrowings and borrowing costs, but no explicit mention of new fundraising via debt or equity is given (Page 37). - There is no direct reference to equity fundraising or issuance in the presentation. Summary: The presentation highlights existing debt profile, debt maturities, improved net debt ratio, and cash position, but does not mention any new fundraising through debt or equity.

2 more points management made on fundraising & capital structure

See what Vedanta Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

The Vedanta Limited 4QFY24 Investor Presentation does not report or mention any details regarding order book, order inflow, or pending orders. - There are no references to order book figures across the 53 pages. - No information on order inflow or new orders received during the quarter or full year is disclosed.

2 more points management made on order book & pipeline

Vedanta Ltd — Quarterly revenue & net profit

Revenue Net profit

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹24.6K Cr, net profit ₹9.4K Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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What Vedanta Ltd's management said in earlier quarters

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Frequently Asked Questions

What were Vedanta Ltd Q4 FY24 results?

What is Vedanta Ltd share price analysis?

Vedanta Ltd currently shows a neutral. The stock trades at a P/E of 9.5 with a market cap of ₹104,642 Cr. Investors should review the full earnings analysis for detailed insights.

Is Vedanta Ltd planning capital expenditure?

Cairn India (Mangala, Bhagyam, Aishwariya infill, OALP, ABH infill, RDG infill, offshore infill): Approved $904 mn; Spent $337 mn (FY23) + $246 mn (FY24); Unspent $321 mn; ongoing - Aluminium Sector: - Jharsuguda VAP capacity expansion and others: Approved $237 mn; Spent $13 mn + $98 mn; Unspent $126 mn; In progress - Lanjigarh Refinery 2 to 5 MTPA expansion: Approved $641 mn; Spent $277 mn + $236 mn; Unspent $128 mn; Commissioned Train-1 1.5 MTPA alumina section; ongoing - Balco smelter and VAP capacity expansion: Approved $1,068 mn; Spent $106 mn + $379 mn; Unspent $583 mn; In progress - Coal & Bauxite mines (Jamkhani, Radhikapur, Kurloi, Ghoghrapalli, Sijimali): Approved $1,079 mn; Spent $87 mn + $42 mn; Unspent $951 mn; In progress - Zinc India mine expansion: Approved $2,077 mn; Spent $1,850 mn + $13 mn; Unspent $214 mn; ongoing - Zinc International Gamsberg Phase II: Approved $466 mn; Spent $53 mn + $174 mn; Unspent $239 mn; In progress - ESL hot metal capacity expansion 1.5 to 3 MTPA: Approved $349 mn; Spent $88 mn + $45 mn; Unspent $216 mn - Facor ferrochrome expansion 150 to 450 KTPA: Approved $318 mn; Spent $0 + $17 mn; Unspent $301 mn - Athena Power Project: Approved $36 mn; Spent $0 + $6 mn; Unspent $30 mn - FY25 key objectives include commissioning Gamsberg Phase 2 (+200 KTPA), ESL expansion to 3.5 MTPA, first metal from Balco smelter expansion, and completing alumina refinery expansion to 5 MTPA.

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This analysis is AI-generated based on publicly available earnings data and the company's investor presentation. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.