Vedanta Q3 FY26 Earnings Results: Profit Surges 61% on Strong Revenue Growth

Mining major Vedanta reported a strong set of Q3 FY26 results, showcasing robust profit and revenue growth across its core segments. The company’s operational performance and strategic initiatives highlight its continued momentum in India’s metals and mining sector.
Vedanta Q3 FY26 Earnings Results Highlights
| Metric | Q3 FY26 | Q3 FY25 | YoY Change |
| Consolidated Net Profit | ₹5,710 crore | ₹3,547 crore | +61% |
| Revenue | ₹23,369 crore | ₹17,063 crore | +37% |
| EBITDA Margin | 41% | 34.71% | +629 bps |
| Net Debt | ₹60,624 crore | NA | Debt-to-EBITDA 1.23x vs 1.40x |
Segment-Wise Breakdown of Vedanta Q3 FY26 Earnings Results
- Zinc, Lead & Silver Operations: Generated ₹10,608 crore, up from ₹8,297 crore in Q3 FY25.
- Aluminium Business: Revenue stood at ₹16,866 crore, compared with ₹15,306 crore in Q3 FY25.
- Production Milestones:Quarterly metal production reached 270kt, up 4% YoY and 9% QoQ. Alumina production surged to 794kt, up 57% YoY and 22% QoQ.
These figures reflect strong performance in both base metals and aluminium segments, underpinned by improved production efficiency and sustained demand.
Operational and Strategic Developments
Vedanta has continued to focus on operational efficiency and business restructuring. The company received approval for the demerger into five pure-play entities, which is expected to unlock long-term value. Strengthened operations and strategic expansions are enabling the company to maintain growth momentum while improving profitability.
Balance Sheet and Financial Health
Vedanta’s net debt has reduced relative to earnings, with the net debt-to-EBITDA ratio improving from 1.40x to 1.23x YoY. This indicates a stronger balance sheet and enhanced financial stability. Ratings agencies have reaffirmed the company’s AA credit rating, reflecting market confidence in Vedanta’s growth trajectory.
Read more: From GST To Mutual Funds: Here Is How Key Financial Changes From February 1, 2026, Will Impact You!
Conclusion
Vedanta’s Q3 FY26 results highlight strong revenue growth, record production, and improved profitability. With operational efficiency, strategic restructuring, and a solid balance sheet, the company is well-positioned for continued growth in India’s metals and mining sector. The strong quarter underscores the company’s resilience and capacity to create long-term value for investors.
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Published on: Jan 29, 2026, 6:10 PM IST

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