Vedanta Q4 results 2026: Mining conglomerate Vedanta Ltd, led by Anil Agarwal, today announced its earnings for the fourth quarter ended March 31, 2026. Vedanta reported an 88.5 per cent rise in its consolidated profit after tax (PAT) at Rs 9,352 crore in the quarter ended March 2026, citing higher sales volume amid rising global metal prices as well as the weakening rupee's exchange rate.

The company posted a consolidated PAT (profit after tax) of Rs 4,961 crore in the year-ago period.

The revenue from operations during the latest fourth quarter also rose by 29 per cent year-on-year to Rs 51,524 crore from Rs 39,789 crore a year ago.

"4QFY26 consolidated revenue at Rs 51,524 crore, up 29 per cent YoY & 12 per cent QoQ driven by higher LME, volumes, premium, and forex gain," Vedanta said in a statement.

For the full financial year ended March 31, 2026, Vendanta reported a total revenue of Rs 1,74,075 crore and an all-time high profit of Rs 25,096 crore.

The total expenses of the company during the reporting quarter rose to Rs 19,119 crore from Rs 13,702 crore recorded in the year-ago period, it said.

EBITDA reported an increase of 44 per cent YoY to Rs 7,559 crore in Q4 FY26 as compared to Rs 5,246 crore posted in Q4 FY25. EBITDA Margin stood at 30.7 per cent in Q4 FY26 against 31.4 per cent in Q4 FY25, down 70 bps YoY.

The company attributed this financial performance to robust operational delivery and enhanced cost efficiencies across its various business segments.

Vedanta Q4 results 2026

Profit - Rs 9,352 crore in Q4 FY26 vs Rs 4,961 crore in Q4 FY25, up 88.5% YoY
Revenue - Rs 24,609 crore vs Rs 16,686 crore in Q4 FY25, up 47.5% YoY
EBITDA - Rs 7,559 crore in Q4 FY26 vs Rs 5,246 crore in Q4 FY25, up 44% YoY
EBITDA Margin - 30.7% in Q4 FY26 vs 31.4% in Q4 FY25, down 70 bps

Arun Misra, Executive Director of Vedanta, said, "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. During the year, we deployed ~₹15,000 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 lowest costs in last five years at Aluminium and Zinc business."

Ajay Goel, CFO, Vedanta, said, "The quarter marks a defining point for Vedanta, with the delivery of our strongest-ever financial performance recording all-time highs in Revenue, EBITDA, and PAT for both the quarter and the full year and a clear positioning for the next phase of growth with Demerger effective from 1st of May '26. Our Revenue grew 15% YoY to Rs 1,74,075 crore, EBITDA 29% YoY to Rs 55,976 crore and PAT at Rs 25,096 crore, marking a 22% jump YoY. Our balance sheet strengthened further with Net Debt to EBITDA improving to 0.95x, from 1.22x an year ago, and both CRISIL and ICRA reaffirming VEDL's credit rating as AA / Watch with Developing Implications. Pursuing growth with capex investment of ₹14,918 crore in the year, we continued to reward our shareholders, paying a handsome dividend of Rs 34/share and delivering TSR of 48.6%."

Q4 FY26 finance cost is lower 6% QoQ due to lower average borrowings and one-offs. Lower 21% YoY due to lower average borrowings and lower borrowings rates.

The regulatory filing noted a significant strengthening of the balance sheet, with the Net Debt to EBITDA ratio improving to its best level in the last 14 quarters. Cash and cash equivalents increased by 38 per cent YoY to reach Rs 28,485 crore.

Operational highlights for the year included record annual production in the aluminium business at 2,456 kt and a record alumina output of 2,916 kt. Zinc India reported its highest-ever mined metal production of 1,114 kt, while the copper business saw cathode production increase to a record 170 kt. In the power sector, annual sales reached 18,571 MU, a 14 per cent increase over the previous year.

On the sustainability front, the company reported a 52 per cent increase in renewable energy use and invested Rs 422 crore in various social initiatives during the fiscal year.

The company is moving forward with its demerger process, which is set to become effective on May 1, 2026. This strategic move is intended to unlock long-term value as the company transitions into its next growth phas, Vedanta said.

The company had earlier approved May 1, 2026 as the effective date for the demerger of its aluminium, merchant power, oil and gas, and iron ore businesses into separate listed entities.

Vedanta said the restructuring would simplify the corporate structure, create sector-focused independent businesses and offer direct investment opportunities to global, sovereign, retail and strategic investors. As part of the demerger, the company plans to separately list Vedanta Aluminium Metal Limited, Talwandi Sabo Power Ltd, Malco Energy Ltd and Vedanta Iron and Steel Limited.

Vedanta Q4 results 2026: Business Highlights FY26

Key businesses continue to deliver strong operating performance:

• Aluminum

--Record annual Aluminium production at 2,456 kt, up 1% YoY, realized majorly through operational efficiencies.
--Record annual Alumina production at the Lanjigarh refinery, 2,916 kt, up 48% YoY, with exit run rate of 4 MTPA.
--Lowest Aluminium COP in 5 years at $1,752/t, lower by 5% YoY

• Zinc India

--Best-ever annual mined metal at 1,114 kt, up 2% YoY
--Record annual refined zinc metal production at 851 kt, up 3% YoY
--Lowest COP in 5 years at 959 $/t, lower by 9% YoY

• Zinc International

--Annual Mined metal production at Zinc International jumps 27% YoY to 225 kt
--Gamsberg's annual production jumps 39% YoY to 185 kt

• Oil & Gas

--Average gross operated production for the full year stood at 87.2 kboepd
--Gas discovery at Ambe Block in the West Coast region adding ~13 mmboe of R&R

• Power

--TSPL's plant availability stood at 83%
--Secured 5 year, 500MW PPA for Meenakshi and Athena

• Iron Ore, Steel and others

--Record annual IOB pig Iron production at 895 kt, up 10% YoY
--Record annual production of Ferro Chrome at 101 kt, up 21% YoY
--Record annual cathode production at 170 KT, up 14% YoY

Record EBITDA of ₹18,447 crore (+59% YoY) in Q4 & ₹55,976 crore (+29% YoY) in FY26
EBITDA Margin rises to record ~44%, up 915 bps YoY in Q4 & to ~39%, up 470 bps in FY26
Best-ever Revenue at ₹51,524 crore (+29% YoY) in Q4 & ₹1,74,075 crore (+15% YoY) in FY26
Net debt/ EBITDA improved to 0.95x and credit rating reaffirmed at AA by CRISIL & ICRA
FY26 VEDL Total Shareholder Return (TSR) of 48.6%, 2.1x of Nifty Metal Index
Growth capex of ₹14,918 crore in FY26; Demerger effective from 1st May '26

Vedanta Share Price

Shares of Vedanta Ltd today ended at Rs 773.25, up Rs 34.05 or 4.61 per cent from the previous close of Rs 739.20, on the BSE.

(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)

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