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Informist, Wednesday, Apr. 29, 2026

 

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--Vedanta Jan-Mar consol net profit INR 66.98 bln vs INR 34.83 bln year ago 
--Analysts saw Vedanta Jan-Mar consol net profit at INR 83.48 bln 
--Vedanta Jan-Mar consol revenue INR 246.09 bln vs INR 166.86 bln year ago 
--Analysts saw Vedanta Jan-Mar consol revenue at INR 495.06 bln 
--Vedanta FY26 consol net profit INR 173.91 bln vs INR 149.88 bln year ago 
--Vedanta FY26 consol revenue INR 784.37 bln vs INR 627.17 bln year ago 
--Vedanta Jan-Mar consol copper revenue INR 94.48 bln vs INR 61.38 bln yr ago 
--Vedanta Jan-Mar consol EBITDA INR 184.47 bln, up 59% on year 
--Vedanta net debt to EBITDA ratio at 0.95 times on Mar 31 vs 1.22 yr ago
--Vedanta Jan-Mar consol EBITDA margin 44% vs 35% year ago 
--Vedanta net debt to EBITDA ratio at 0.95 times on Mar 31 vs 1.22 yr ago
--Vedanta sees FY27 alumina production at 4 mln tn-4.1 mln tn 
--Vedanta sees FY27 aluminium production at 2.6 mln tn-2.7 mln tn 
--Vedanta sees FY27 zinc India mined production at 1.14 mln tn-1.16 mln tn 
--Vedanta sees FY27 silver production at 670 tn-690 tn 
--Vedanta expects to spend INR 170 bln-INR 190 bln on capex in FY27 
--Vedanta spent INR 149 bln on capex in FY26 vs INR 126 bln in FY25

 

By Astha Oriel and Anand JC

 

NEW DELHI/MUMBAI – Vedanta Ltd. Wednesday reported a sharp year-on-year increase in its consolidated net profit for the March quarter as its total expenses grew slower than its revenue. The company's consolidated bottom line grew faster year-on-year than it had in the trailing quarter but still missed the Street's expectation by a wide margin.

 

The mining major's consolidated net profit for the March quarter increased more than 92% on year and over 17% on quarter to INR 66.98 billion. Analysts had estimated the net profit at INR 83.48 billion. 

 

The company's consolidated revenue from operations was INR 246.09 billion, up over 47% on year and more than 15% on quarter. Its combined revenue from continuing as well as discontinued operations added up to INR 515.24 billion, which exceeded analysts' consensus estimate of INR 495.06 billion.

 

From continued operations, the consolidated revenue for the March quarter from zinc, silver, and lead operations in India was INR 126.72 billion. The revenue from international zinc operations and from copper, power, and other segments was INR 241.73 billion. The revenue from discontinued operations of Vedanta's oil and gas, aluminium, iron ore, power, and other businesses was INR 278.38 billion.  The company's consolidated revenue from the zinc international business was INR 11.73 billion. The revenue from the copper business was INR 94.48 billion.

 

Vedanta's total expenses for the reporting quarter were up nearly 40% on year and more than 15% on quarter at INR 191.19 billion. The year-on-year rise in the company's total expenses was the fastest in 14 quarters. The company's cost of materials consumed was up nearly 42% on year at INR 83.40 billion. The cost of power and fuel was up 0.9% on year at INR 9.04 billion. The company's other expenses increased more than 54% on year to INR 67.86 billion.

 

The company's consolidated earnings before interest, tax, depreciation, and amortisation for the reporting quarter were INR 184.47 billion, up 59% on year. Its EBITDA for the zinc, lead, and silver business was INR 77.43 billion. The EBITDA for the zinc international business was INR 1.1 billion. The EBITDA from the company's discontinued operations was INR 106.62 billion. The company's EBITDA margin for the reporting quarter was 44%, against 35% in the year-ago quarter.

 

As on Mar. 31, the company's net debt-to-EBITDA ratio was 0.95, against 1.22 in the year-ago period. For the financial year 2025-26 (Apr-Mar), the company's consolidated net profit was INR 173.91 billion and its revenues were INR 784.37 billion.

 

FY27 OUTPUT GUIDANCE
Vedanta has guided for alumina production of 4.0-4.1 million tonnes and aluminium production of 2.6-2.7 million tonnes for FY27. The company expects to produce 1.14-1.16 million tonnes of mined zinc and 1.09-1.11 million tonnes of finished zinc in FY27. Vedanta has pegged its silver production for FY27 at 670-690 tonnes.

 

Vedanta expects to incur capital expenditure of INR 170 billion to 1NR 190 billion in FY27. In comparison, the company had incurred capital expenditure of INR 149 billion in FY26, INR 126 billion in FY25, and INR 116 billion in FY24. Capital expenditure towards the company's oil and gas business is expected to grow mildly year-on-year in FY27. In contrast, capital expenditure towards "zinc and others" business may see near 50% growth.

 

The company disclosed its results during market hours. Wednesday, its shares closed 4.6% higher at INR 773.60 on the National Stock Exchange.  End

Edited by Rajeev Pai

 

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