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Commenting on the quarterly performance, Ajay Goel, Group CFO, Vedanta, said, “Vedanta’s demerger is unlocking significant shareholder value, with combined market cap of resulting companies growing by over Rs 71k crore in the 1st quarter. Vedanta Limited has delivered strong Q1 results with PAT growing to Rs 5,294 crore, up 152 per cent Y-o-Y and EBITDA to Rs 8,469 crore, up 98 per cent YoY. With net debt reduced by Rs 2,223 crore and leverage ratio at 0.3x, Vedanta Limited has obtained AA+/Stable credit rating upgrade from both Icra & Crisil.”