Vedanta delivered exceptional first-quarter results following its demerger, with consolidated net profit surging 78% year-over-year to ₹7,918 crore compared to ₹4,457 crore in the corresponding quarter of the previous year. According to the latest wire data, consolidated EBITDA jumped to ₹85 billion versus ₹42.76 billion year-on-year, while EBITDA margin expanded significantly to 35.12% from 27.14% in the year-ago period. The results were reviewed by the Audit and Risk Management Committee and approved by the Board of Directors at its meeting held on July 30, 2026, with statutory auditors M/s M S K A & Associates LLP issuing an unmodified conclusion on the financial results.
The company's operational profitability showed strong improvement across all segments. Zinc & Lead – India generated revenue of ₹9,146 crore with EBITDA of ₹8,096 crore, while Silver – India contributed ₹3,839 crore in revenue and ₹2,50 crore in EBITDA. The Zinc, Lead and Silver segment remained the dominant contributor to consolidated EBITDA from continuing operations with ₹12,985 crore in revenue and ₹8,096 crore in EBITDA. Total revenue from operations came in at ₹24,205 crore versus ₹15,754 crore in the year-ago period, demonstrating robust demand across Vedanta's diversified portfolio.
Earnings per share showed significant improvement with continuing operations EPS reaching ₹7.95 compared to ₹3.09 in Q1 FY26, while discontinued operations EPS contributed ₹6.07. Combined EPS for continuing and discontinued operations stood at ₹14.02 versus ₹8.15 in the previous year. Net profit after tax from continuing operations was ₹5,294 crore compared to ₹2,102 crore year-on-year, while discontinued operations contributed ₹2,624 crore to the total profit. Profit attributable to owners of Vedanta Limited stood at ₹5,473 crore for Q1 FY27, compared to ₹3,185 crore in Q1 FY26, with non-controlling interests accounting for ₹2,445 crore of the total net profit.
Tata Steel approved a ₹33,873 crore capital expenditure for a 4.8 million-tonne steel capacity expansion at subsidiary Neelachal Ispat Nigam to expand its long products portfolio. This strategic investment represents a significant commitment to capacity enhancement and market positioning. The company's total revenue for the quarter increased 14.3% to ₹60,794 crore, surpassing analyst expectations of ₹58,665 crore, though higher raw material costs including iron ore and coal, along with elevated coking coal prices, pushed material costs up by 12% and total expenses increased 13.1% to ₹56,940 crore.
Vedanta Aluminium Metal shares fell nearly 1% to an intraday low of ₹436.15 ahead of the company's June quarter earnings Thursday, marking its first time reporting financial results to stock exchanges after listing on June 15 following demerger. According to brokerage Kotak Securities, the company is expected to report consolidated net profit of ₹56.94 billion on revenue from operations of ₹200.14 billion and EBITDA of ₹99.67 billion. The brokerage expects increased EBITDA due to higher commodity prices in aluminium, partly offset by the company's hedging positions, with volume for the quarter estimated at 630,000 tonnes led by ramp-up of new smelter capacity at BALCO. All four brokerage reports on the company have a 'buy' call at an average target price of ₹557.50.
