Vedanta Limited has reported its strongest-ever first-quarter financial performance, driven by record operational achievements across its businesses, higher commodity prices, improved cost efficiency and disciplined capital management. The company announced its unaudited consolidated financial results for the quarter ended June 30, 2026, delivering record revenue, EBITDA and profit after tax.
For the first quarter of FY27, Vedanta recorded consolidated revenue of ₹23,456 crore, an increase of 51% year-on-year. The company posted its highest-ever EBITDA of ₹8,469 crore, up 98% compared to the same period last year, while the EBITDA margin improved to 57%.
Profit after tax reached a record ₹5,294 crore, representing a 152% year-on-year growth and a 24% sequential increase, reflecting strong operating performance across all business segments. Vedanta also strengthened its financial position during the quarter by reducing net debt by ₹2,223 crore, bringing the Net Debt-to-EBITDA ratio down to 0.30 times, one of the lowest in the industry. The company ended the quarter with cash and cash equivalents of ₹19,992 crore, while its overall borrowing cost declined to below 8.5% per annum. Credit rating agencies ICRA and CRISIL upgraded Vedanta’s long-term rating to AA+/Stable, recognising the company’s improved financial strength.
The company invested ₹1,148 crore in growth capital expenditure during the quarter to support future expansion and operational development. Operationally, Vedanta delivered strong performance across its diversified portfolio. Zinc India achieved its highest-ever first-quarter mined metal production of 268 kilotonnes, while refined metal output increased to 260 kilotonnes. The company also reported the lowest-ever zinc cost of production following the successful transition to underground mining operations.
The copper business at Silvassa recorded its highest first-quarter sales in the last eight years, while FACOR achieved record ore production of 153 kilotonnes and higher ferrochrome production. Vedanta’s port operations also posted record cargo discharge volumes, reflecting strong demand and improved logistics performance. At Zinc International, production at the Gamsberg mine remained stable, with the company preparing to commence Phase 2 operations during the current quarter.
Commenting on the results, Arun Misra, Executive Director, Vedanta Limited, said the company had delivered a strong start to FY27 with robust operational performance across all businesses. He noted that record production levels, improved operational efficiency and disciplined execution continue to strengthen Vedanta’s competitive position while supporting long-term value creation.
Ajay Goel, Group Chief Financial Officer, said the company’s ongoing demerger has created significant shareholder value, with the combined market capitalisation of the resulting companies increasing by more than ₹71,000 crore during the quarter. He added that strong earnings growth, lower debt and upgraded credit ratings have further strengthened Vedanta’s financial profile.
Vedanta also made significant progress on its environmental, social and governance (ESG) commitments. The company reported zero fatalities across operations during the quarter while improving key safety indicators. Renewable energy consumption reached 291 million units, supporting its Net Zero 2050 goal. Water recycling increased to 42%, with 6.6 million cubic metres of water recycled through conservation initiatives.
The company invested ₹107.5 crore in community development programmes during the quarter, positively impacting 1.76 million people through initiatives focused on education, healthcare, skill development and social welfare. With strong financial performance, disciplined capital allocation and continued operational excellence, Vedanta said it remains well positioned to sustain growth and create long-term value for shareholders.
Vedanta Limited (NSE: VEDL; BSE: 500295) is a leading global natural resources company engaged in the production of metals, critical minerals and technology-driven solutions that support today’s industries while enabling the growth sectors of the future. The Company has a proven ability to identify emerging opportunities, develop scalable businesses and build world-class capabilities across high-potential markets.
With operations spanning India, Africa, the Middle East and East Asia, Vedanta plays an important role in supporting economic growth and industrial development across key global regions. The Company remains focused on strengthening its portfolio, fostering innovation and creating long-term value through strategic investments and partnerships.
Sustainability is at the core of Vedanta’s business approach, supported by robust environmental, social and governance (ESG) practices, inclusive workplaces and responsible resource management. The Company is committed to accelerating its sustainability agenda and achieving net-zero emissions by 2050 or earlier. Through responsible growth, community engagement and long-term stakeholder partnerships, Vedanta continues to contribute towards building a resilient, sustainable and prosperous future.
