Vedanta Q1 Result: Net profit falls 12% to ₹3,185 crore, EBITDA flat at ₹9,918 crore YoY

Billionaire Anil Agarwal-backed company’s revenue from operations grew 6% annually to ₹37,824 crore from ₹35,764 crore logged in the year-ago period.

The company’s operating profit, also known as earnings before interest, taxes, depreciation, and amortisation (EBITDA), dropped marginally by 0.27% to ₹9,918 crore as against ₹9,945 crore year-on-year (YoY).

Its EBITDA margin contracted to 26.2% from 27.8% reported in the corresponding quarter of the previous fiscal year.

Vedanta said capex spent for the quarter was ₹5,155 crore and a consolidated dividend payout was ₹4,280 crore, while the firm’s net debt stands at ₹58,220 crore, implying a net debt/EBITDA ratio of 1.3x.

The company has generated ₹3,028 crore from a 1.6% stake sale in Hindustan Zinc (HZL). Its liquidity improved 7% quarter-on-quarter (QoQ) and 33% YoY with cash and cash equivalents of ₹22,137 crore.

“Operationally, we achieved the lowest hot metal cost (ex-Alumina) in the last 16 quarters, the lowest-ever 1Q Zinc India CoP, a 74% YoY increase in Gamsberg's production, a 33% QoQ surge in power sales, and a 150% QoQ jump in Ferro Chrome volumes. The ramp-up of the Lanjigarh refinery to 587 kt demonstrates our progress towards delivering over 3 MnT of alumina in FY26,” said Anil Agarwal, Chairman, Vedanta.

“Looking ahead, the commissioning of Train II at Lanjigarh, 435 kt smelter capacity at Balco, and 1300 MW of new thermal power capacity, all in 2Q, will enable us to deliver our full-year guidance. The start of operations at our Sijimali bauxite mine and Kuraloi coal mine in H2 is likely to boost our performance to a record high,” he further added.

Following the earnings, shares of Vedanta were trading at ₹426.75 apiece, falling 1.81% on the National Stock Exchange.