Vedanta group’s consolidated borrowings increased by 22% year-on-year to Rs 75,227 crore at the end of December 31, 2023. On a quarter-on-quarter basis, the group’s debt saw a 1% increase. The debt/EBITDA ratio rose from 0.96 times at the end of December 2022 to 1.7 times at the end of December 2023. The net debt of the company increased by 64% to Rs 62,493 crore by the end of the third quarter of the current financial year compared to Rs 38,000 crore a year ago.
Vedanta group’s consolidated debt rises 22% YoY to ₹75,227 crore
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