Vedanta Chairman Anil Agarwal highlighted the company’s earnings, views on critical minerals, and future roadmap in his letter to shareholders for the third quarter of FY25. He also emphasized on the company’s commitment to financial discipline, sustainability, the proposed demerger and commitment to shareholder value.

Speaking on the importance of natural resources and how it can help in Indian economic growth, Agarwal said “The mining and natural resources sector has played an extremely valuable role in the growth and development agendas of all the world’s major economies: North America, Europe, the Middle East, China and Australia are all testimony to this. With less than 20% of our mineral resources explored to date, and with increasing focus on the sector both at home and overseas, India’s time is now.”

For the third quarter, Vedanta reported its highest EBITDA in 11 quarters at ₹11,284 crore and a Profit After Tax of ₹4,876 crore—a 70% jump from the previous year. The company also recorded its lowest net debt to EBITDA ratio in seven quarters at 1.4x.

In the third quarter of FY25, Vedanta’s Aluminium production witnessed robust growth, with production increasing to 614kt in the third quarter and 1,819kt over nine months, up 3% YoY. Alumina production jumped 16% to 1,543kt over nine months, while Zinc India achieved its highest-ever refined metal output during this period.

“Vedanta’s commitment to optimizing its production reflects our recognition of the rising demands of such metals in India and the role they will play in supporting our nation’s progress toward a low-carbon future.”, Agarwal said.

Anil Agarwal also discussed Vedanta’s commitment to value creation delivering exceptional value to the shareholders.

“Anyone who had invested in Vedanta at the start of the past five-year period would have seen their investments multiplying over 4.7 times during this time, both in terms of capital appreciation and cash dividends returned, where Vedanta has the strongest track record – a dividend yield of 81%” he said.

Agarwal also highlighted the Vedanta’s focus and role in meeting India’s growing demand for critical minerals while expressing confidence about the company’s proposed demerger.