Vedanta Ltd delivered exceptional quarterly results for the September 2026 quarter, achieving record net profit of ₹6,202 crore, representing a 151% increase from the previous year's ₹2,471 crore and marking the highest profit on record for the company. According to The Economic Times, the company's consolidated revenue stood at ₹25,812 crore, growing 57% from ₹16,445 crore reported in the previous year. This record performance demonstrates the company's strong operational efficiency and market positioning during the quarter.
Vedanta Ltd also delivered robust sequential quarterly results, with EBITDA more than doubling to ₹9,938 crore from ₹4,817 crore in the year-ago period. As per The Economic Times, the company's EBITDA margin, excluding the copper business, expanded by 1,055 basis points to 60% from 49% in the previous year, registering significant improvement in operational efficiency. The company's net debt was reduced by ₹4,624 crore during the quarter, demonstrating strong cash generation capabilities and financial discipline.
Vedanta Aluminium Metal Ltd's revenue rose 40% from a year earlier to ₹22,324 crore, while its profit more than doubled to ₹5,167 crore, with Vedanta holding a 60.71% stake in the company. According to Live Mint, Suman Kumar from Phillip Capital India Pvt. Ltd noted that Vedanta Ltd's strong earnings were largely driven by Hindustan Zinc, which reported good numbers, while aluminium also performed well with revenue growing 40-43% and EBITDA rising 83%, supported by elevated aluminium prices during the quarter. However, aluminium prices have since softened, which could weigh on earnings in the third quarter.
Vedanta Oil and Gas Ltd returned to profitability with revenue rising 6% year-on-year to ₹2,488 crore and profit attributable to shareholders of ₹746 crore, compared with a loss of ₹91 crore a year earlier. As per Live Mint, the company plans to begin the alkaline surfactant polymer (ASP) injection process in a few weeks, which could raise output from its key oil fields and help reverse a production decline that has lasted more than a decade. The company is also exploring new opportunities to find oil, including in north-east India, with interim CEO Jim Johnny Gast noting that 300,000 barrels of oil equivalent a day is not unimaginable.
Vedanta Iron and Steel Ltd reported a loss of ₹311 crore, compared with a loss of ₹465 crore in the year-earlier period, with revenue falling 2% to ₹2,788 crore and EBITDA rising by more than a third to ₹48 crore. According to Live Mint, its EBITDA margin remained below 2%, making it the weakest performer among the five Vedanta companies. However, Vedanta Power Ltd showed improvement with profit of ₹83 crore compared with a loss of ₹1,688 crore a year earlier, while revenue rose by more than a third to ₹2,908 crore, supported by higher power prices during the quarter.
Vedanta shares closed 3.1% higher at ₹233 on the BSE following the earnings announcement, reflecting strong investor confidence in the company's exceptional quarterly performance. According to Live Mint, experts believe Vedanta Ltd and Hindustan Zinc stand out as the top choices after Q2 FY27 results, with Vedanta Iron and Steel and Vedanta Oil and Gas now governing the group's core business post-demerger. Sumeet Bagadia from Choice Broking expects the stock to reach ₹270 levels on breaking above ₹250 resistance, while maintaining a stop-loss at ₹224.
