Vedanta Q1 FY26 Earnings Results: Net Profit Falls 11.7% YoY to ₹3,185 Crore, EBITDA Rises 6%

Vedanta Ltd reported a consolidated net profit of ₹3,185 crore for the quarter ending June 30, 2025, a decline of 11.7% from ₹3,606 crore in the same quarter last year. The company’s reported profit, including one-time items, stood at ₹4,457 crore, 13% lower than the ₹5,095 crore recorded in Q1 FY25. However, after adjusting for one-time expenses of ₹543 crore this quarter and gains of ₹662 crore last year, the adjusted net profit increased 13% YoY to ₹5,000 crore.

The company posted total revenue from operations of ₹37,824 crore in Q1 FY26, up 5.75% from ₹35,754 crore a year ago. EBITDA came in at ₹10,746 crore, reflecting a 6% growth over the previous year’s ₹10,275 crore. EBITDA margin also improved to 35% from 34%, supported by lower raw material costs, especially coal and other ores.

Vedanta Q1 FY26 Earnings: Operational Highlights

• Aluminium Segment: Lanjigarh achieved its highest-ever alumina production of 587 kt, rising 9% YoY and 36% from the previous quarter. The company remains on track to achieve a 3 MMT production target for FY26.
• Zinc Operations:
  • Zinc India: Delivered record first-quarter mined metal production of 265 kt, up 1% YoY.
  • Zinc International: Production rose 50% YoY and 12% sequentially to 57 kt.
• Power Business: Vedanta commissioned 950 MW of merchant power capacity so far this year, taking its total to 3.83 GW. Power sales saw a 33% sequential jump.
• Ferro Chrome: Production volumes surged 150% sequentially.

Dividend Announcement

The company paid an interim dividend of ₹7 per share, with the record date set on June 24, 2025.

Chairman Anil Agarwal stated that the strong operational performance in Q1 has laid a solid foundation for the rest of FY26. He highlighted record EBITDA, reduced hot metal production costs, and strong volume growth across multiple business segments.

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Vedanta Share Price Movement

As of 09:35 AM, August 1, 2025, Vedanta share price (NSE: VEDL) is trading at ₹424.80 per share, down by ₹0.85 or 0.20% from the previous close. The stock opened the day at ₹425.10 and recorded an intraday high of ₹428.20 and a low of ₹422.35. Vedanta currently holds a market capitalisation of ₹1.66 lakh crore. The company has a price-to-earnings (P/E) ratio of 10.48 and offers an impressive dividend yield of 9.30%. 

Conclusion

Despite a drop in net profit, Vedanta delivered its highest-ever Q1 EBITDA, backed by record production and cost efficiency. The company’s strong operational foundation and continued expansion in aluminium, zinc, and power segments indicate long-term growth potential. 

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