Noida, Apr 29 (APAC Media): The metal major Vedanta Ltd on Wednesday reported a consolidated profit after tax (PAT) of Rs 9,352 crore for the quarter under review, up 89 per cent year-on-year from Rs 4,961 crore in the March quarter of FY25, according to a regulatory filing.
The company’s revenue from operations rose 29 per cent year-on-year (YoY) to Rs 51,524 crore in Q4 FY26, compared with Rs 39,789 crore in the same period last year, according to a regulatory filing. The top-line growth was driven by higher London Metal Exchange (LME) prices, volume premiums, and forex gains.
However, the company declared a dividend of Rs 11 per share for Q4 FY26.
The metal major reported its highest-ever quarterly EBITDA (earnings before interest, tax, depreciation and amortisation) at Rs 18,447 crore for the reporting quarter, up 59 per cent year-on-year from Rs 11,618 crore in Q4 FY25.
“FY26 was a year of strong execution for Vedanta, with record operational performance across the portfolio. We delivered 2.9 million tonnes of alumina, 2.46 million tonnes of aluminium, 1.1 million tonnes of mined metal at Zinc India, 895 kt of pig iron and 101 kt of ferrochrome, reflecting improved operating efficiency alongside the ramp-up of new capacities,” Arun Misra, Executive Director, Vedanta, said.
Annual aluminium production stood at 2,456 kt, up 1 per cent year-on-year, driven largely by operational efficiencies. The segment recorded alumina production of 2,916 kt at the Lanjigarh refinery, up 48 per cent YoY, with an exit run rate of 4 MTPA. The company also reported its lowest aluminium cost of production (COP) in five years at $1,752 per tonne, down 5 per cent YoY.
“During the year, we deployed Rs 14,918 crore of growth capex, commissioning key projects including Lanjigarh Train II, the new BALCO smelter, downstream expansions at Jharsuguda, the Debari roaster at Zinc India, and 1.3 GW of power capacity. Our continued focus on operational excellence resulted in the lowest costs in the last five years in both the aluminium and zinc businesses,” he added.
Vedanta FY26 & Q4 Results
| 📌 Metric | Q4 FY26 | FY26 | YoY Trend |
|---|---|---|---|
| 💰 Revenue | ₹51,524 Cr | ₹1,74,075 Cr | ▲ +29% / +15% |
| 📈 EBITDA | ₹18,447 Cr | ₹55,976 Cr | ▲ +59% / +29% |
| 📊 EBITDA Margin | ~44% (Record) | ~39% | ▲ +915 bps / +470 bps |
| 💳 Net Debt/EBITDA | — | 0.95x | 📉 Improved |
| 🏦 Credit Rating | — | AA (CRISIL & ICRA) | ✔ Stable |
| 💸 TSR (Return) | — | 48.6% | 2.1x vs Nifty Metal |
| 🏗️ Capex | — | ₹14,918 Cr | Growth investment |
| 🔄 Demerger | — | Effective 1 May 2026 | Upcoming event |
The segment recorded its best-ever annual mined metal output at 1,114 kt, up 2 per cent year-on-year. It also reported annual refined zinc metal production of 851 kt, up 3 per cent YoY. The cost of production (COP) stood at a five-year low of $959 per tonne, down 9 per cent YoY.
Oil & gas; Power: Average gross operated production for the full year stood at 87.2 kboepd. TSPL’s plant availability was 83 per cent. The company also secured a five-year, 500 MW power purchase agreement (PPA) for Meenakshi and Athena.
Iron ore, steel and others: The company reported annual pig iron production of 895 kt, up 10 per cent year-on-year. Ferro chrome production stood at 101 kt, up 21 per cent YoY, while cathode production rose 14 per cent YoY to 170 kt.
Vedanta Limited is a diversified natural resources company engaged in metals, oil and gas, critical minerals, power and technology, supplying key inputs for industrial growth and the global energy transition.
Disclaimer: Views expressed are those of experts and do not reflect APAC Media. This is for informational purposes only, not financial advice. We are not responsible for investment decisions. Please consult a qualified financial advisor before investing.
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