Vedanta Q4 profit zooms 89 pc to Rs 9,352 cr on higher metal prices, weak rupee

Mining conglomerate Vedanta Ltd on Wednesday reported an 89 per cent rise in its consolidated profit after tax 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 rupees exchange rate.

Mining conglomerate Vedanta Ltd on Wednesday reported an 89 per cent rise in its consolidated profit after tax 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. In the year-ago period, the Anil Agarwal-led company posted a consolidated PAT (profit after tax) of Rs 4,961 crore. The revenue from operations during the latest fourth quarter also rose by 29 per cent 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. 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, the filing said. Vedanta Executive Director Arun Misra said that 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... reflecting improved operating efficiency alongside the ramp up of new capacities,'' he said. During the year, he said, the company deployed Rs 14,918 crore of growth capex, commissioning key projects, including 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,'' he said. The company's gross debt as on March 31, 2026, stood at Rs 81,740 crore, while the net debt stood at Rs 53,254 crore. ''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,'' Vedanta CFO Ajay Goel said. Vedanta had earlier said that its board has approved May 1, 2026, as the effective date for the demerger of its aluminium, merchant power, oil and gas and iron ore verticals into separate listed entities. In a filing to BSE, the company had said, ''The board of directors of the company at its meeting held on April 20, 2026, as part of the ongoing reorganisation process, has inter alia, approved to make the scheme effective on May 1, 2026.'' The company also added that in consultation with other entities involved, the board has fixed May 1 as the record date for determining the shareholders eligible to receive consideration pursuant to the scheme. Vedanta, in a statement, had said that the demerger will help in simplifying Vedanta's corporate structure with sector-focussed independent businesses and provide opportunities to global investors, including sovereign wealth funds, retail investors and strategic investors, with direct investment opportunities in dedicated pure-play companies linked to India's remarkable growth story through Vedanta's world-class assets. It will also provide a platform for individual units to pursue strategic agendas more freely and better align with customers, investment cycles and end markets, it had added. As part of the demerger, Vedanta plans to separately list four entities - Vedanta Aluminium Metal Limited (VAML), Talwandi Sabo Power Ltd (TSPL), Malco Energy Ltd (MEL), and Vedanta Iron and Steel Limited (VISL). Vedanta Ltd is the world's leading producer of metals, oil & gas, critical minerals, power and technology. The company supplies essential materials that power the global energy transition, emerging technologies and the green economy of the future.