Sign in to fuzzto save your conversations, follow your research and come back anytime.
Vedanta
SectorMetals & Mining
Vedanta Limited is a global natural resources conglomerate headquartered in Mumbai, India. It operates across India, Namibia, South Africa, Liberia and UAE, producing commodities vital for global decarbonization and energy transition. The company's portfolio includes aluminum, copper, zinc, lead, silver, iron ore, oil & gas, steel, ferro chrome, nickel, cement and commercial energy. Vedanta has mining operations in Goa and Karnataka, and exports through various ports. The company has undergone several mergers and acquisitions over the years, expanding its operations and capacity. Key developments include the merger with Cairn India, acquisition of ESL Steel, and investments in various growth projects across its business segments. Vedanta has 48 subsidiaries and is majority-owned by Vedanta Resources Limited and its promoter group.
In the news
Vedanta Stock Falls 3% on Rs 5 Dividend Record Date
Vedanta Power gains 0.61% on Friday amid broader market rally
Vedanta's Dividend Puzzle: Smaller Payout, Bigger Ambitions
TCS Q2FY27 Results: ₹13,884 cr net profit, ₹12 interim dividend
Vedanta, TCS: Record Date Today for ₹17 Dividend
Vedanta Q2 Results: Record ₹5 Dividend, 71.8% Profit Jump
Vedanta faces court setback as Orissa HC rejects bauxite pact
Reliance Industries plans ₹10,000 cr bond sale plus $1B ABS deal
Critical minerals push creates opportunities for Vedanta, GRSE, L&T
Trump-Xi Summit: Historic AI Dialogue & Strategic Partnership Call
Vedanta board approves ₹3,500 crore NCD fundraise; stock up 1.2%
Vedanta Group stocks fall 3-5% for fourth straight session
Metal and cement stocks recover as oil hits $108.91, rupee weakens
Vedanta Group stocks mixed amid market volatility
SC revives Vedanta's ₹5,725 cr buyback fraud case, sends to SAT
Vedanta raises $400M via bond tap issue; Q1 profit surges 71.8%
Indian miners build critical mineral assets in Africa amid reforms
Vedanta stocks mixed as zinc hits 4-year high amid Fed policy
Odisha widens Vedanta water probe, seeks historical records
Indian Firms Raise ₹12,000 Cr Long-Term Debt as Yield Gap Narrows
The Quarter story
The two most recent quarterly results, compared side-by-side.
Vedanta drives strong profitability and aggressive debt reduction, though working capital strain and natural production declines require monitoring.
Aluminium EBITDA grows from ₹4,462 Cr in Q1 FY26 to ₹8,485 Cr in Q4 FY26, driven by higher production and metal prices.
Operating cash flow stays negative, moving from -₹8,307 Cr in Q1 FY26 to -₹7,142 Cr in Q1 FY27, highlighting working capital strain.
Consolidated gross debt falls from ₹80,357 Cr in Q1 FY26 to ₹28,290 Cr in Q1 FY27, reflecting aggressive balance sheet repair.
Oil & gas production declines from 93.2 boepd in Q1 FY26 to 81.5 boepd in Q4 FY26, reflecting natural field depletion.
EBITDA margin expands from 35% in Q1 FY26 to 57% in Q1 FY27, showing strong profitability leverage across operations.
Zinc production costs spike from $903/MT in Q4 FY26 to $1,898/MT in Q1 FY27, squeezing segment margins.
Power sales increase from 3,858 MU in Q1 FY26 to 4,990 MU in Q4 FY26, meeting rising regional demand.
Capital expenditure drops from ₹6,772 Cr in Q2 FY26 to ₹2,572 Cr in Q1 FY27, indicating a slowdown in new project spending.
Zinc LME prices rise from $2,641/MT in Q1 FY26 to $3,466/MT in Q1 FY27, boosting segment realizations.
Power realization eases from ₹4.71/unit in Q2 FY26 to ₹4.43/unit in Q4 FY26, moderating segment profitability.
Company insights, generated from the most recent coverage.
Net debt/EBITDA of 0.3x against a stated sub-0.3x target removes most of the historical case for aggressive dividend extraction from Hindustan Zinc. Parent deleveraging is now largely done, so upstreaming should follow policy rather than necessity.
Post-demerger Vedanta Limited retains only zinc, copper and ferro chrome — aluminium, power, oil and gas and steel are separately listed. Its earnings are now almost entirely Hindustan Zinc's, so VEDL no longer offers diversification, just leverage on one metal.
Record date for the ₹5 interim dividend falls on 14 Oct 2026, keeping group attention elevated even though the payout applies to Vedanta Ltd, not Vedanta Oil & Gas.