Metals and mining major Vedanta delivered exceptional first-quarter results for FY27, with consolidated net profit attributable to owners surging 72% year-on-year to ₹5,473 crore compared to ₹3,185 crore in the corresponding quarter of the previous financial year. According to latest exchange filings, the company's revenue from continuing operations climbed 54% to ₹24,205 crore from ₹15,754 crore in the year-ago period, though revenue from operations declined 1.7% to ₹24,205 crore from ₹24,609 crore in the previous year. On the operational level, Vedanta's EBITDA from continuing operations stood at ₹8,469 crore, reflecting an increase of 98% from ₹7,500 crore in Q1 FY6, with EBITDA margin expanding to 57% from 27.4% - an increase of about 985 basis points. The company also demonstrated strong sequential growth with PAT rising 151.9% from ₹4,267 crore reported in the March 2026 quarter. Total consolidated profit after tax, including continuing and discontinued operations, was ₹7,918 crore, with basic earnings per share at ₹14.02 against ₹8.15 a year earlier.
Alongside the strong quarterly results, Vedanta announced significant leadership changes during its board meeting. As reported by The Economic Times, the board approved the appointment of Arun Misra as the company's CEO, effective from August 1 this year till the end of July 2027. Executive Director Arun Misra highlighted the company's robust performance across all business segments, noting that Zinc India registered its highest-ever first-quarter mined metal production, while FACOR delivered its highest-ever quarterly ore production and EBITDA. According to Misra, this consistent operational execution across the portfolio reflects the strength of the underlying asset base and continued focus on volume growth, cost efficiency and value creation. Misra brings extensive zinc industry experience, having joined Hindustan Zinc in 2019 as deputy CEO, after which he took over as CEO and whole time director in August 2020. Under his leadership at Hindustan Zinc, the firm saw a close to 20% uptick in revenue from operations to ₹40,844 crore in FY26, as profit increased 34% to ₹13,832 crore.
Following the strong Q1 results, brokerages have issued mixed but generally positive recommendations on Vedanta shares. Nuvama maintained a buy rating with a target price of ₹333 apiece, implying 24% upside potential, noting that they give a 30% holdco discount to its share in Hindustan Zinc. Motilal Oswal maintained its Neutral rating on Vedanta shares with a target price of ₹290 apiece, implying 8% upside potential. However, shares of Vedanta dipped over a percent to ₹264 on the BSE following the results announcement, despite the strong financial performance. The stock has gained over 1% in a week but declined around 5% in a month, with the company currently maintaining a market capitalisation of ₹1.04 lakh crore.
The company demonstrated strong operational performance across its diversified portfolio, with Copper India recording its highest first-quarter sales in eight years at 53 kt, up 3% YoY. As reported by The Economic Times, Vedanta shares rose nearly 1% to trade at ₹267 apiece following the results announcement. The stock has gained over 1% in a week but declined around 5% in a month, with the company currently maintaining a market capitalisation of ₹1.04 lakh crore. Vedanta's Zinc India achieved record Q1 mined metal of 268 kt, up 1% YoY, while FACOR recorded highest ever ore production at 153 kt, up 41% YoY. The India zinc, lead and silver business showed exceptional growth with revenue rising 72.2% to ₹12,985 crore and segment EBITDA increasing 112.2% to ₹8,096 crore, with zinc and lead revenue increasing 49.5% to ₹9,146 crore and silver revenue rising 169.2% to ₹3,839 crore. The company's ports business also reported record discharge volumes of 2,358 kt, up 40% from a year ago.
