Vedanta Limited

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09MH1965PLC291394 Vedanta Limited Announces 4Q and Full Year FY25 Results • Quarterly PAT jumps 118% YoY to ₹4,961 crore • Quarterly EBITDA grew 30% YoY to ₹11,618 crore • Records its 2nd highest

₹4,961 crore

91394 Vedanta Limited Announces 4Q and Full Year FY25 Results • Quarterly PAT jumps 118% YoY to ₹4,961 crore • Quarterly EBITDA grew 30% YoY to ₹11,618 crore • Records its 2nd highest ever full year EBITD

30%

d Full Year FY25 Results • Quarterly PAT jumps 118% YoY to ₹4,961 crore • Quarterly EBITDA grew 30% YoY to ₹11,618 crore • Records its 2nd highest ever full year EBITDA at ₹43,541 crore, +37% YoY1

₹11,618 crore

FY25 Results • Quarterly PAT jumps 118% YoY to ₹4,961 crore • Quarterly EBITDA grew 30% YoY to ₹11,618 crore • Records its 2nd highest ever full year EBITDA at ₹43,541 crore, +37% YoY1 • Net debt/ EBITDA

₹43,541 crore

Quarterly EBITDA grew 30% YoY to ₹11,618 crore • Records its 2nd highest ever full year EBITDA at ₹43,541 crore, +37% YoY1 • Net debt/ EBITDA improves to 1.2x vs. 1.5x as of FY24 end Mumbai, April 30, 2025:

37%

grew 30% YoY to ₹11,618 crore • Records its 2nd highest ever full year EBITDA at ₹43,541 crore, +37% YoY1 • Net debt/ EBITDA improves to 1.2x vs. 1.5x as of FY24 end Mumbai, April 30, 2025: Vedant

1.2x

its 2nd highest ever full year EBITDA at ₹43,541 crore, +37% YoY1 • Net debt/ EBITDA improves to 1.2x vs. 1.5x as of FY24 end Mumbai, April 30, 2025: Vedanta Limited today announced its Consolidated

1.5x

highest ever full year EBITDA at ₹43,541 crore, +37% YoY1 • Net debt/ EBITDA improves to 1.2x vs. 1.5x as of FY24 end Mumbai, April 30, 2025: Vedanta Limited today announced its Consolidated Results f

₹ 39,789 crore

ter ended 31st Mar 2025. Financial Highlights: 4QFY25: o Highest-Ever Consolidated Revenue at ₹ 39,789 crore, up 14% YoY o Consolidated EBITDA stood at ₹ 11,618 crore, up 30% YoY and 3% QoQ o EBITDA margi

14%

2025. Financial Highlights: 4QFY25: o Highest-Ever Consolidated Revenue at ₹ 39,789 crore, up 14% YoY o Consolidated EBITDA stood at ₹ 11,618 crore, up 30% YoY and 3% QoQ o EBITDA margin at 35%

₹ 11,618 crore

o Highest-Ever Consolidated Revenue at ₹ 39,789 crore, up 14% YoY o Consolidated EBITDA stood at ₹ 11,618 crore, up 30% YoY and 3% QoQ o EBITDA margin at 35%2, up 465 bp YoY – highest in the last 12 quarters

3%

venue at ₹ 39,789 crore, up 14% YoY o Consolidated EBITDA stood at ₹ 11,618 crore, up 30% YoY and 3% QoQ o EBITDA margin at 35%2, up 465 bp YoY – highest in the last 12 quarters o Profit after tax

““I'm pleased to report strong Q4 FY25 results, reflecting our consistent focus on operational discipline.”

“This quarter concludes a year of exceptional achievement in FY25, where we not only delivered the highest-ever annual volumes for Aluminium and Zinc but also drove costs of production down significantly, reaching four-year lows for Zinc India CoP and ex-Alumina CoP at Aluminium.”

“Our outlook for FY26 is firmly focused on growth and efficiency.”

“We are accelerating our transformation, driven by strategic projects like the Lanjigarh Expansion and Sijimali Bauxite Mine, which are on track to significantly improve our cost position next fiscal year.”

“With multiple volume expansions projects set for completion in FY26, we remain confident in our ability to deliver another strong year.”

“CIN: L13209MH1965PLC291394 Results for the Fourth Quarter ended 31 March 2025 FY25 ESG Highlights ▪ ESG Leadership: Vedanta Limited's subsidiary Hindustan Zinc secured the top position, while Vedanta Aluminium ranked 2nd among its global peers in the S&P Global Corporate Sustainability Assessment (CSA) 2024.”

“Overall, FY25 RE utilization at 2.61 bn units.”

“▪ Gender Diversity: Achieved our workplace gender diversity target for full-time employees 7 years in advance.”

“Anil Agarwal Foundation, the umbrella entity for Vedanta’s social initiatives, aims to spend Rs 5000 crore over the next five years on various social impact programs and its flagship project, Nand Ghar is setting up model anganwadis across India.”

“2,370 2,422 ▪ Highest ever annual metal production at 2,422 kt (+2% YoY) 598 613 604 4Q FY24 3Q FY25 4Q FY25 FY24 FY25 Aluminium CoP & Margin COP ($/t) Margin ($/t) 1,711 598 1,878 867 2,011 1,796 1,835 878 494 871 4Q FY24 3Q FY25 4Q FY25 FY24 FY25 ▪ Highest annual Alumina production at 1,975 kt (+9% YoY) ▪ Consecutive best quarterly VAP & Domestic sales at 338 kt (+16% YoY) & 328 kt (+17% YoY) respectively ▪ FY25 Hot Metal Cost (Ex-Alumina) at 920 $/t, lowest in the past 4 Years”

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Key highlights

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Notes

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Financial Highlights

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Revenue

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Investment Income

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About Vedanta Limited

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Registered Office

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Key Highlights

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Other Highlights

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Financial Highlights

4QFY25: o Highest-Ever Consolidated Revenue at ₹ 39,789 crore, up 14% YoY o Consolidated EBITDA stood at ₹ 11,618 crore, up 30% YoY and 3% QoQ o EBITDA margin at 35%2, up 465 bp YoY – highest in the last 12 quarters o Profit after tax (PAT) at ₹ 4,961 crore, up 118% YoY and 2% QoQ o Net Debt at ₹ 53,251 crores with Net debt/ EBITDA at 1.2x (vs1.4x in Dec’24) o Cash and Cash Equivalent improved by 34% YoY on the back of Free cash flow (pre-capex) of ₹ 7,814 crore o Return on Capital Employed at 27% improved by 371 bps YoY and 277 bps QoQ FY25: o Highest-Ever Consolidated Revenue at ₹ 1,50,725 crore, up 10% YoY1 o EBITDA stood at ₹ 43,541 crore – 2nd Highest Ever, up 37% YoY1 o PAT jumps 172% YoY to ₹ 20,535 crores o Total capital expenditure in the year stood at ₹ 12,626 crores, focused on volume expansion and supply chain integration o Credit Rating upgrades from both CRISIL and ICRA to AA, with an outlook of watch with developing implications 1. Excluding Cairn Arbitration gain in FY2

Revenue

o 4QFY25 consolidated revenue at ₹39,789 crore, up 3% QoQ and 14% YoY driven by favorable market prices and higher premiums ▪ EBITDA and EBITDA Margin: o 4QFY25 EBITDA increased by 3% QoQ to ₹11,618 crore mainly driven by higher volumes, higher premiums partially offset by input commodity inflation o 4QFY25 EBITDA higher by 30% YoY on account of structural cost saving initiatives across businesses, favorable output commodity prices, partially offset by input -commodity inflation o EBITDA margin1 at 35% in 4QFY25, improved ~465 bps YoY highest in 12 quarters ▪ Depreciation & Amortization: o 4QFY25 Depreciation & Amortization ₹2,988 crore increased QoQ 11% and 9% YoY mainly at Oil & Gas and Zinc India ▪ Finance Cost: o 4QFY25 increased to 6% QoQ due to a change in the borrowing mix and one offs partially offset by lower interest rates and 7% YOY in line with average borrowing ▪

Investment Income

4QFY25 lower 7% QoQ and 35% YoY due to change in investment mix ▪ Taxes: Normalized ETR for 4QFY25 is 28% as compared to 46% in 4QFY24, mainly due to changes in profit mix and reduction in tax rate of a foreign subsidiary ▪ Profit After Tax: 4QFY25 Profit after tax at ₹ 4,961 crore, higher 2% QoQ and 118% YoY. ▪ Leverage, liquidity, and credit rating: o Gross debt at ₹ 73,853 crore as on 31st Mar 2025 o Net debt at ₹ 53,251 crore as on 31st Mar 2025. Net debt to EBITDA ratio improved to ~ 1.2x vs ~ 1.4x in Dec 2024 and ~ 1.5x in Mar 2024 o Cash and cash equivalents position remains strong at ₹20,602 crore. The Company follows a Board-approved investment policy and invests in high quality debt instruments with mutual funds, bonds, and fixed deposits with banks o Both ICRA and CRISIL have provided AA rating while continuing on Watch with developing implications Registered Office: Vedanta Limited 1st Floor, ‘C’ Wing, Unit 103, Corporate Avenue, Atul Projects, Chakala, Andheri (East), Mumb

About Vedanta Limited

Vedanta Limited (“Vedanta”), a subsidiary of Vedanta Resources Limited, is one of the world’s leading natural resources, critical minerals, energy and technology companies spanning across India, South Africa, Namibia, Liberia, UAE, Saudi Arabia, Korea, Taiwan and Japan with significant operations in Oil & Gas, Zinc, Lead, Silver, Copper, Iron Ore, Steel, Nickel, Aluminium, Power & Glass Substrate and foraying into electronics and display glass manufacturing. For two decades, Vedanta has been contributing significantly to nation building. Governance and sustainable development are at the core of Vedanta's strategy, with a strong focus on health, safety, and environment. Vedanta has put in place a comprehensive framework to be the ESG leader in the natural resources sector, is committed to reducing carbon emissions to net zero by 2050 or sooner and aims to spend $5 billion over the next 10 years to accelerate this transition. Giving back is in the DNA of Vedanta, which is focused on enha

Registered Office

Regd. Office: 1st Floor, ‘C’ wing, Unit 103, Corporate Avenue, Atul Projects, Chakala, Andheri (East), Mumbai – 400 093 CIN: L13209MH1965PLC291394 Disclaimer This press release contains “forward-looking statements” – that is, statements related to future, not past, events. In this context, forward-looking statements often address our expected future business and financial performance, and often contain words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “should” or “will.” Forward–looking statements by their nature address matters that are, to different degrees, uncertain. For us, uncertainties arise from the behaviour of financial and metals markets including the London Metal Exchange, fluctuations in interest and or exchange rates and metal prices; from future integration of acquired businesses; and from numerous other matters of national, regional, and global scale, including those of a political, economic, business, competitive or regulatory nature. The

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1. Excluding one-time cairn arbitration gain in FY24 2. Excludes custom smelting at Copper Business Sensitivity: Internal (C3) FY25 Highlights Strong Performance driven by structural operational initiatives and strategic actions focused on shareholder value unlocking EBITDA PAT Revenue +37% YoY1 +172% YoY +10% YoY1 ₹ 43,541 crore Second Highest-Ever EBITDA ₹ 20,535 crore ₹ 1,50,725 crore All time High Revenue Production Record Volume Aluminum: 2,422 kt (+2% YoY) HZL MIC : 1095 kt (+1% YoY) HZL Metal : 1052 kt (+2% YoY) ROCE c.27% Strong Liquidity +34% YoY Up ~371 bps YoY Cash & Cash Equivalent ₹ 20,602 crore VRL Bonds Credit Rating Capital Structure $3.1 bn Refinanced in FY25 Significant reduction in avg. coupon rate by 250 bps; Longer maturity upto FY34 AA B+ raised ~ $1.9bn CRISIL and ICRA Upgraded VEDL rating from AA- Sensitivity: Internal (C3) S&P, FITCH & Moody’s Upgraded VRL; 3 notch upgrade by S&P $1.4bn at VEDL through India’s one of the largest QIP and HZL OFS; Additionally $5