The Economic Times

Vedanta cuts debt by Rs 4,624 crore in September quarter as net profit jumps 151%

Vedanta reported significant financial growth, achieving record revenue and net profit in the September quarter. The company's consolidated revenue increased by 57% year-on-year to 25,812 crore while Ebitda doubled to 9,938 crore. After a recent demerger, Vedanta plans to eliminate debt, nearing completion in the upcoming quarter. The company has successfully reduced its debt by nearly 10,000 crore in recent months. Shares of Vedanta closed 3.