Vedanta Limited reported its highest-ever quarterly revenue, EBITDA and profit after tax for the second quarter of FY2026-27, supported by higher commodity prices, favourable foreign exchange movements and increased volumes. Net profit rose 151% year-on-year to ₹6,202 crore, while revenue increased 57% to ₹25,812 crore.
The company’s EBITDA reached a record ₹9,938 crore, up 106% from the corresponding quarter last year and 17% sequentially. EBITDA margin stood at 60%, improving by 1,055 basis points year-on-year. For the first half of FY27, revenue increased 54% to a record ₹49,268 crore, while EBITDA more than doubled to ₹18,407 crore. Half-year profit after tax reached ₹11,496 crore, up 151%.
Vedanta reduced net debt by ₹4,624 crore during the quarter to ₹3,675 crore as of September 30, 2026, compared with ₹8,299 crore at the end of June. Its net debt-to-EBITDA ratio improved to 0.1 times from 0.3 times in the previous quarter. Cash and cash equivalents increased to ₹26,622 crore from ₹19,992 crore.
Free cash flow before capital expenditure stood at ₹5,803 crore in Q2 FY27, taking the first-half total to ₹10,215 crore. The company invested ₹1,135 crore in growth capital expenditure during the quarter. ICRA and CRISIL reaffirmed Vedanta Limited’s credit rating at AA+/Stable. The company also declared its first interim dividend of ₹5 per share.
Arun Misra, Executive Director of Vedanta Limited, said the quarter included record mined metal production at Zinc India, the commissioning of Gamsberg Phase II at Zinc International and higher chrome ore production at FACOR. He added that the company continued investing in capacity expansion, mine development and resource security.
Group Chief Financial Officer Ajay Goel said strong cash generation supported the reduction in debt and improvement in leverage. He said the company’s businesses across zinc, copper, ferrochrome and ports provided opportunities for further growth while maintaining financial discipline.
Operationally, Zinc India recorded mined metal production of 271,000 tonnes in Q2, up 5% year-on-year, while silver production rose 20% to 173 tonnes. Gamsberg Phase II was commissioned during the quarter, adding 200,000 tonnes per annum of metal-in-concentrate capacity and taking Zinc International’s total capacity to 500,000 tonnes per annum.
Copper India sales increased 16% to 52,000 tonnes. FACOR recorded ore production of 50,000 tonnes, up 6%, and ferrochrome production of 24,000 tonnes, up 26%. Vizag General Cargo Berth handled record quarterly dispatch volumes of 1.74 million tonnes, an increase of 26%.
Vedanta also reported progress on environmental and social indicators. Its greenhouse gas emissions declined 19% year-on-year to 2.38 million tonnes of CO₂ equivalent, while water recycling reached 43%. The company said its community programmes reached 460,000 individuals through skilling, education, livelihoods and entrepreneurship initiatives.
