Vedanta Limited has reported its strongest-ever financial performance for the quarter and year ended March 31, 2026. The company achieved a record annual PAT of ₹25,096 crore, marking a 22% YoY increase, while its annual revenue rose to ₹1,74,075 crore. Strong operational execution across its aluminum, zinc, and iron ore businesses, coupled with significant growth in capital deployment, has positioned the firm for its upcoming demerger effective May 1, 2026.
Record Financial Growth
Vedanta Limited delivered exceptional results for the fourth quarter and full year of FY26. The company reported a Q4 PAT of ₹9,352 crore, an 89% increase year-on-year. Driven by strong production and operational efficiencies, the annual EBITDA climbed to ₹55,976 crore, a 29% YoY rise. The company’s EBITDA margin reached a record high of ~44% in the final quarter, underscoring its improved cost structure and robust market performance.
Operational Excellence and Key Segments
The company achieved notable milestones across its portfolio, including record annual production of 2,456 kt of aluminum and 1,114 kt of mined metal from its Zinc India business. The Aluminum division saw its lowest production cost in five years at $1,752/t, while Zinc India achieved a lowest-ever quarterly cost of production of $903/MT. Additionally, the Oil & Gas segment reported a successful gas discovery in the Ambe Block, adding approximately 13 mmboe to its reserves.
Growth Strategy and Future Outlook
Vedanta successfully deployed ₹14,918 crore in growth capex during the year, focusing on capacity expansions at the Lanjigarh refinery, new BALCO smelters, and various power projects. With the company’s Net Debt to EBITDA ratio improving significantly to 0.95x—the best in 14 quarters—the balance sheet remains strong. As the company prepares for its demerger effective May 1, 2026, management emphasized a sharpened focus on capital allocation, debt discipline, and long-term shareholder value creation, supported by a total dividend payout of ₹34 per share for the year.
Source: BSE
