Mumbai: Vedanta Limited has reported its strongest-ever financial performance for FY26, with a sharp surge in profits, record revenues, and improved operational efficiency across its businesses.
The company posted a consolidated net profit of ₹9,352 crore for the January–March quarter (Q4 FY26), registering an 89% year-on-year rise. For the full financial year, profit after tax climbed 22% to a record ₹25,096 crore.
Revenue Hits All-Time High
Vedanta’s consolidated revenue reached an all-time high of ₹1,74,075 crore in FY26, up 15% from the previous year. Quarterly revenue also rose significantly by 29% to ₹51,524 crore, driven by higher commodity prices, improved volumes, and favourable market conditions.
Earnings before interest, tax, depreciation and amortisation (EBITDA) rose 59% year-on-year in Q4 to ₹18,447 crore, while annual EBITDA stood at ₹55,976 crore, up 29%. Margins improved notably, with Q4 EBITDA margin at 44%.
Vedanta Q4 Results Net Profit Surges
* Net profit surges 88.5% YoY to Rs 9,352 cr, EBITDA margin at 30.7%, marginally lower than 31.4% YoY@Nigel__DSouza with earnings fineprint#CNBCTV18Market #Vedanta pic.twitter.com/IycOGEb2sn— CNBC-TV18 (@CNBCTV18News) April 29, 2026
Balance Sheet Strengthens
The company’s financial position improved considerably, with net debt-to-EBITDA ratio declining to 0.95x from 1.22x a year earlier. Cash and cash equivalents rose 38% to ₹28,485 crore, supported by strong free cash flow generation.
Credit rating agencies CRISIL and ICRA reaffirmed Vedanta’s AA rating, while Fitch upgraded the rating of its parent entity.
Strong Operational Performance
Vedanta recorded robust production across key segments during FY26. Aluminium production reached 2.46 million tonnes, while alumina output surged 48% to 2.91 million tonnes. Zinc India achieved record mined metal production of 1.11 million tonnes, and copper cathode output rose 15% to 170 kilotonnes. Ferro chrome and iron ore segments also reported strong growth.
The company also marked major milestones, including commissioning a large smelter at BALCO, acquiring Incab Industries, and reporting an offshore oil and gas discovery.
Management Commentary
Executive Director Arun Misra said FY26 reflected strong execution and operational efficiency, supported by capacity expansion and cost optimisation.
Chief Financial Officer Ajay Goel noted that the company achieved record highs in revenue, EBITDA, and profit, while also strengthening its balance sheet and maintaining consistent shareholder returns.
ESG and Shareholder Returns
Vedanta continued to advance its sustainability agenda, increasing renewable energy usage and reducing emission intensity. It invested ₹422 crore in CSR activities, impacting nearly 7 million people.
The company delivered a total shareholder return of 48.6% during FY26 and declared a dividend of ₹34 per share.
Demerger from May 1
Vedanta said its proposed demerger will take effect from May 1, 2026, aimed at unlocking long-term value and enhancing business focus.
With record earnings, stronger financials, and sustained operational momentum, the company is well-positioned for the next phase of growth.
