Vedanta Posts Stellar Q3: Revenue Nears ₹46,000 Crore, Profit Up 60%

Mumbai: Vedanta Limited has posted a blockbuster performance for the third quarter of FY26, with profit after tax jumping 60 per cent year-on-year to ₹7,807 crore, underlining a sharp rebound in operational strength and market momentum.

The diversified metals and mining major reported quarterly revenue of ₹45,899 crore, marking a 19 per cent rise over the same period last year. Operating performance was equally robust, with EBITDA climbing 34 per cent to ₹15,171 crore. Strong cost discipline and higher output lifted the EBITDA margin to an impressive 41 per cent.

Historic Highs, Accelerating Momentum!

Vedanta Limited delivered its highest-ever Q3 performance, with record quarterly Profit After Tax ₹7,807 crore, Revenue of ₹45,899 crore and EBITDA ₹15,171 crore, demonstrating strong fundamentals, operational discipline and the… pic.twitter.com/HdeMKdpv2A

— Vedanta Group (@Vedanta_Group) January 29, 2026

Stronger Balance Sheet, Higher Returns

Vedanta’s financial position continued to improve, with the net debt-to-EBITDA ratio easing from 1.40x to 1.23x. The company’s Return on Capital Employed (ROCE) stood at a healthy 27 per cent, reflecting better asset utilisation and profitability.

During the first nine months of FY26, Vedanta invested around US$1.3 billion in growth and expansion projects, while also clocking record production across most of its core businesses.

Record Output Across Key Segments

Operational performance remained a key growth driver. Aluminium production touched 620 kilotonnes, while alumina output surged 57 per cent to 794 kilotonnes. Zinc India reported higher mining and refined metal production, while iron ore and pig iron volumes also rose. Copper cathode output hit a seven-year high, and the power business recorded a sharp 61 per cent jump in sales.

Demerger Approval, Ratings Reaffirmed

In a major corporate development, Vedanta received approval from the National Company Law Tribunal (NCLT) for its proposed demerger. Following this, credit rating agencies CRISIL and ICRA reaffirmed the company’s AA rating, strengthening investor confidence.

Share Price Outperforms

Vedanta’s stock mirrored the strong fundamentals, delivering nearly 30 per cent returns during the quarter. Over the past five years, the company has generated a remarkable total shareholder return of 428 per cent.

Management Speaks

Arun Mishra, Executive Director, said the quarter marked a defining phase for Vedanta, with record performances across businesses and the demerger approval laying a solid base for future growth.

Chief Financial Officer Ajay Goel added that the surge in profit, revenue and EBITDA clearly reflects the company’s financial resilience and growing market confidence.

With robust numbers, record output and strategic restructuring underway, Vedanta appears well-positioned for its next growth cycle.