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Informist, Thursday, Jul. 30, 2026

 

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--Vedanta Apr-Jun consol net profit INR 54.73 bln
--Analysts saw Vedanta Apr-Jun consol net profit at INR 38.16 bln
--Vedanta Apr-Jun consol revenue INR 242.05 bln
--Analysts saw Vedanta Apr-Jun consol revenue at INR 241.65 bln
--Vedanta Apr-Jun consol net profit INR 54.73 bln vs INR 31.85 bln year ago
--Vedanta Apr-Jun consol revenue INR 242.05 bln vs INR 157.54 bln year ago
--Vedanta Q1 continuing ops consol PAT INR 52.94 bln vs INR 21.02 bln yr ago
--Vedanta Apr-Jun consol EBITDA INR 84.69 bln, up 98% on year
--Vedanta Apr-Jun consol EBITDA margin 57%, up 985 bps on year
--Vedanta Q1 consol zinc, lead India sales INR 91.46 bln vs INR 61.16 bln
--Vedanta net debt INR 22.23 bln on Jun 30
--Vedanta net debt to EBITDA ratio at 0.30 times as on Jun 30
--Vedanta Q1 consol India silver sales INR 38.39 bln vs INR 14.26 bln yr ago
--Vedanta Q1 consol copper revenue INR 85.38 bln vs INR 63.74 bln yr ago
--Vedanta spent INR 11.48 bln in capex for Apr-Jun
--Vedanta appoints Arun Misra as CEO from Aug 1 for one year

 

By Rajesh Gajra

 

MUMBAI – Vedanta Ltd.'s bottom-line growth for the June quarter exceeded analyst expectations but the top line was just about in line. The company's net profit performance was driven by its listed subsidiary Hindustan Zinc Ltd.'s strong operational and earnings performance, and also by a substantial rise in the operating margin.

 

The company's consolidated net profit rose 72% on year to INR 54.73 billion in the June quarter from INR 31.85 billion in the year ago quarter. Analysts had expected the net profit of the company to be INR 38.16 billion. The continuing operations consolidated net profit rose to INR 52.94 billion from INR 21.02 billion.

 

Vedanta's consolidated revenue from operations jumped up 54% on year to INR 242.05 billion in the June quarter from INR 157.54 billion in the year ago quarter. The reported revenue was in line with the Street view of INR 241.65 billion.

 

Vedanta's consolidated earnings before interest, tax, depreciation, and amortisation nearly doubled on year to INR 84.69 billiion, with the EBITDA margin expanding by 985 basis points on year to INR 57%. The EBITDA growth was driven by a lower rate of increase as compared to revenue growth in the cost of materials consumed, other expenses, and power and fuel costs.

 

Raw material costs rose 37% on year to INR 86.70 billion, while the other expenses were up 48% on year to INR 60.11 billion, and the power and fuel costs increased 28% on year to INR 11.33 billion. The EBITDA performance was predominantly driven by the operational performance of the company's India zinc operations under subsidiary Hindustan Zinc, as well as in the ferro alloys operations under subsidiary Ferro Alloys Corp Ltd. 

 

Vedanta's India zinc operations' cost of production, excluding royalty, fell to $851 per tonne in the June quarter from $1,010 per tonne in the year-ago quarter. However, including royalty the cost of product was down only 2% on year to $1,330 per tonne, indicating a significant royalty payment during the quarter. The India zinc segment's EBITDA jumped 2.1 times on year to INR 80.96 billion amid a revenue growth of 72% to INR 129.85 billion. This was on the back of a 31% on-year rise in zinc prices on London Metal Exchange and a 2.2 times surge in silver prices.

 

In contrast to the operational performance of the company's India zinc operations, its international zinc operations, with mining units in South Africa, reported a 50% on-year rise in cost of production to $1,898 per tonne, with the EBITDA falling 41% to INR 2.5 billion and the revenue increasing 21% to INR 13.92 billion.

 

In Vedanta's ferro alloy operations, the EBITDA rose to INR 1.01 billion in the June quarter from INR 460 million in the year ago quarter, with the EBITDA margin per tonne rising 80% on year to $360. The ferro alloy operations' revenue rose 24% on year to INR 3.89 billion on the back of a 41% jump in ore production volume and 4% increase in ferrochrome production volume.

 

 

In the copper segment, the revenue increased 34% on year to INR 85.38 billion. The company reported an EBITDA of INR 110 million for this segment as against an EBITDA loss of INR 260 million in the year ago quarter. In the segment, the sales volume of copper cathodes increased, but that of copper rods declined.

 

Vedanta's capital expenditure spending in the June quarter was INR 11.48 billion. The consolidated net debt was INR 22.23 billion as of Jun. 30, with EBITDA to net debt ratio at 0.3 times.

 

The company announced the reappointment of Arun Misra as an executive director, and additionally designated him as chief executive officer for one year starting Aug. 1.

 

Vedanta announced its earnings for the June quarter during market hours. Thursday, shares of the company ended at INR 267.50, up 1.1% from closing price Wednesday.  End

 

Edited by Akul Nishant Akhoury

 

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