Vedanta shares jump nearly 5% after Q1 profit increases by 36.5%

Shares of mining conglomerate Vedanta Ltd jumped nearly 5% on Wednesday a day after the firm reported a 36.5% rise in consolidated net profit for June quarter FY25.

The company's stock climbed 4.57% to settle at ₹432.50 on the BSE. During the day, it surged 5% to ₹434.30.

At the NSE, shares of the firm rallied 4.31% to ₹431.75.

Vedanta on Tuesday reported a 36.5% rise in consolidated net profit at ₹3,606 crore for the June quarter of FY25 due to improved margins and robust cost reduction across all operations.

The company had posted a net profit of ₹2,640 crore in the year-ago period.

Income rose to ₹36,698 crore against ₹34,279 crore in the year-ago period, according to an exchange filing.

Vedanta said in a statement that the proposed demerger of its businesses is on track and it has already filed the demerger scheme with the NCLT after getting a nod from secured creditors.

The company said that its board has approved a capex investment of $270 million for its oil and gas business.

Vedanta Ltd, a subsidiary of Vedanta Resources Ltd, is one of the world’s leading natural resources companies spanning across India, South Africa, Namibia, Liberia, the UAE, Korea, Taiwan and Japan with significant operations in oil and gas, zinc, lead, silver, copper, iron ore, steel, nickel, aluminium, power and glass substrate.