Vedanta Q1 Profit Falls 12.5%, But Revenue Grows and Debt Remains in Check

Mumbai, July 31  – Vedanta Limited reported a 12.5% drop in its net profit for the April–June quarter (Q1 FY26). The company made a profit of ₹4,457 crore, down from ₹5,095 crore in the same quarter last year (Q1 FY25).

Even though profit declined, Vedanta’s total revenue from operations went up by 5.8%, reaching ₹37,824 crore compared to ₹35,764 crore a year earlier. The company also reported a 5.7% rise in total income, which came in at ₹38,809 crore, up from ₹36,698 crore.

Expenses for the quarter increased to ₹32,756 crore from ₹30,772 crore last year. The company’s EBITDA (earnings before interest, taxes, depreciation, and amortisation) stayed nearly the same at ₹9,918 crore. However, EBITDA margin dropped to 26.2% from 27.8% a year ago.

After the earnings announcement, Vedanta shares were trading lower. At around 3 p.m., the stock was down 2.28% or ₹9.9, trading at ₹424.7 on the National Stock Exchange (NSE).

Vedanta Chairman Anil Agarwal said, “Our Q1 performance gives us a strong base for the rest of the year. Despite global market challenges, we achieved our highest-ever first-quarter EBITDA.”

Ajay Goel, Vedanta’s Chief Financial Officer, added, “Our adjusted profit after tax (PAT) rose 13% year-on-year to ₹5,000 crore. Along with our business gains, our corporate moves like selling a stake in Hindustan Zinc Limited (HZL) brought in ₹3,028 crore in cash. This helped us keep our net debt to EBITDA ratio low at 1.3x.”

Vedanta Limited is part of Vedanta Resources and works in natural resources, energy, and technology. It operates in India and other countries including South Africa, Namibia, Liberia, the UAE, Saudi Arabia, Korea, Taiwan, and Japan. Its main businesses include oil and gas, zinc, lead, silver, copper, iron ore, and steel.