Vedanta Limited reported a record-breaking third quarter for FY26, achieving its Highest-Ever EBITDA of ₹15,171 Cr (up 34% YoY) and Best-Ever PAT of ₹7,807 Cr (up 60% YoY). The company also secured its 2nd Highest-Ever Margin at 41%. Alongside these results, Vedanta is heavily investing in critical and strategic minerals essential for India’s energy transition, including Copper, Nickel, and Cobalt.
Record Financial Performance in Q3FY26
Vedanta Limited announced historic highs for the quarter ending December 2025 (Q3FY26). The company reported Record-Best Revenue at ₹45,899 Cr, marking a 19% Year-over-Year (YoY) increase. Financial metrics saw substantial growth:
- EBITDA: ₹15,171 Cr, representing a 34% YoY increase, designated as the Highest-Ever EBITDA.
- Profit After Tax (PAT): ₹7,807 Cr, reflecting a 60% YoY surge, termed the Best-Ever PAT.
- EBITDA Margin: Achieved 41%, up 629 basis points YoY, marking the 2nd Highest-Ever Margin.
- Return on Capital Employed (ROCE): Stood at 27%, showing a 296 bps YoY improvement.
The company’s leverage improved significantly, with Net Debt/EBITDA decreasing to 1.23x from 1.40x in Q3FY25. Furthermore, the Total Shareholder Return was c.30% for the quarter.
Strategic Focus: Metals Driving Energy Transition
The update emphasized Vedanta’s integral role in India’s structural shift towards clean energy. The report highlights that this transition is fundamentally a materials and infrastructure story, requiring significantly higher volumes of minerals compared to fossil-based systems. Vedanta is investing in seven critical and strategic minerals identified by India’s National Critical Mineral Mission:
- Copper: Essential for wiring, infrastructure, and electric vehicles (EVs).
- Nickel & Cobalt: Vital ingredients for high-performance EV batteries and aerospace components.
- Graphite: Critical for lithium-ion batteries.
- Tungsten, Vanadium, and Associate Platinum Group Elements.
The company is reinforcing the industrial backbone by strengthening supply chains and supporting circularity, aiming to ensure the energy transition scales with resilience and reliability.
Key Business Highlights and Corporate Updates
Recent operational milestones underscore Vedanta’s active role in national energy priorities:
- Chairman Anil Agarwal met Prime Minister Narendra Modi at India Energy Week 2026 to discuss national energy priorities.
- Sterlite Copper secured Bureau of Indian Standards (BIS) certification for all higher-sized copper rods.
- Cairn Oil & Gas announced a significant gas discovery at its appraisal well Ambe-2A on the Indian West Coast.
- Hindustan Zinc launched a first-of-its-kind INR pricing module for MSMEs on Vedanta Metal Bazaar, offering LME-linked pricing without a minimum order value.
- The company received approval from the National Company Law Tribunal (NCLT) for the Vedanta demerger.
- Vedanta invested nearly $1.3 billion in growth capital expenditure over the last 9 months.
Source: BSE
