Mumbai, India | January 29, 2026
Vedanta Limited, one of India’s leading mining and natural resources companies, reported a strong set of financial results for the third quarter of FY26, with net profit surging 61% year-on-year to ₹5,710 crore.
The company said its consolidated revenue rose 37% to ₹23,369 crore during the quarter, supported by higher international metal prices, increased production volumes, improved premiums, and favorable foreign exchange gains.
Strong Operational Performance Drives Profitability
Vedanta stated that operational performance during the December quarter remained robust across most of its businesses. Higher commodity prices, better cost efficiencies, and improved volumes contributed to a significant expansion in profitability.
The company’s EBITDA jumped 34% year-on-year and 31% sequentially to ₹15,171 crore, marking the highest quarterly EBITDA in Vedanta’s history.
EBITDA Margin Hits Record Level
Vedanta’s EBITDA margin expanded to 41%, reflecting a 629 basis point increase year-on-year and a 512 basis point rise quarter-on-quarter, highlighting improved operational leverage and cost discipline.
Capital Efficiency and Balance Sheet Strength Improve
Improved operating performance also strengthened Vedanta’s capital efficiency. The company’s Return on Capital Employed (ROCE) rose to 27%, up 296 basis points compared to the previous year.
At the same time, Vedanta continued to reduce leverage, with net debt declining to ₹60,624 crore. The net debt-to-EBITDA ratio improved to 1.23x, compared with 1.40x in the same quarter last year, reflecting a stronger balance sheet.
Sector Outlook
The mining and metals sector benefited from global price recovery, demand stability, and improved supply discipline during the quarter. Vedanta said it remains focused on operational excellence, cost optimization, and balance sheet strengthening going forward.
