Vedanta, a major player in the Indian mining and natural resources sector, reported a record consolidated profit of ₹9,352 crore for the March 2023 quarter, reflecting an 89% increase compared to the same period last year. Revenue also surged by 29% year-on-year to reach ₹51,524 crore, while earnings before interest, tax, depreciation, and amortisation (EBITDA) climbed 59% to ₹18,447 crore. The company has successfully reduced its debt by nearly $1.5 billion in FY26, bringing total debt down to ₹53,254 crore. Looking ahead, Vedanta plans to further decrease its debt by $1.75 billion in the current fiscal year, aiming for a leverage ratio of 0.65 times, down from 0.95 times. This financial strength will enable the company to invest in growth initiatives and continue rewarding shareholders, as evidenced by its recent announcement of a ₹34 per share dividend. Additionally, Vedanta is preparing for a demerger, effective May 1, which will lead to the establishment of four new companies, with plans to appoint new management and boards across all five entities.