DBT Bureau
Pune, 29 Jan 2026
Vedanta Limited today announced its Unaudited Consolidated Results for the third quarter and nine months ended 31st December 2025.
- Achieved best-ever quarterly PAT of ₹7,807 crore, up 60% YoY
- Recorded highest-ever quarterly Revenue of ₹45,899 crore, up 19% YoY
- Achieved record-best quarter EBITDA of ₹15,171 crore, up 34% YoY supported by margin expansion by 629 bps to 41%*
- Net debt/ EBITDA stands at 1.23x and credit rating reaffirmed at AA
- Vedanta demerger order approved by NCLT
- Acquired Incab Industries for downstream copper and aluminium
Financial Highlights – Q3 FY26
| Particulars | Q3 FY26 Performance |
|---|---|
| Revenue | ₹45,899 crore (↑ 19% YoY, ↑ 17% QoQ) – Best-ever quarterly |
| EBITDA | ₹15,171 crore (↑ 34% YoY, ↑ 31% QoQ) – Highest-ever quarterly |
| Profit After Tax (PAT) | ₹7,807 crore (↑ 60% YoY, ↑ 124% QoQ) – Record-best |
| EBITDA Margin | 41% (↑ 629 bps YoY, ↑ 512 bps QoQ) – Second highest-ever |
| Return on Capital Employed (ROCE) | 27% (↑ 296 bps YoY) |
| Net Debt | ₹60,624 crore |
| Net Debt / EBITDA | 1.23x (improved from 1.40x in Q3 FY25) |
| Credit Rating | AA / Watch with Developing Implications (Reaffirmed by CRISIL & ICRA post NCLT demerger order) |
Business Highlights 3QFY26:
Below are the key operational highlights across the group during the third quarter:
▪ Aluminum
o Record quarterly alumina production at 794 kt, up 57% YoY and 22% QoQ
o Record Cast Metal production of Aluminium at 620 kt, up 1% YoY and flat QoQ
o Aluminium COP at $1,674/t, lower 11% YoY & 8% QoQ
▪ Zinc India
o Highest-ever quarter 3 mined metal production at 276 kt, up 4% YoY and 7% QoQ
o Highest-ever quarter 3 metal production at 270kt, up 4% YoY and 9% QoQ
o Lowest Q3 COP in last 5 years at $ 940/t, lower 10% YoY & 5% QoQ
▪ Zinc International
o Mined metal production at Zinc International jumps 28% YoY at 59 kt
o Gamsberg’s production jumps 40% YoY and flat QoQ at 49 kt
▪ Oil & Gas
o 3QFY26 production at 84.9 kboepd
▪ Iron Ore and Facor
o Iron ore production at IOK at 1.2Mnt, 3% YoY and 25% QoQ. IOG at 0.4Mnt up 7% YoY
o Ferrochrome production at Facor at 24kt jumps 32% YoY
▪ Steel and Copper
o Steel production at 325kt, jumps 19% QoQ and Copper cathode production at 45kt, remained flat YoY and 12% QoQ
▪ Power
o Power sales increased 61% YoY supported by the commissioning of Athena and Meenakshi power plants
Vedanta Ltd shares opened on a strong note and closed today at ₹766.10 on the BSE, gaining ₹29.00 or 3.93%, reflecting positive investor sentiment following strong Q3 results.
Disclaimer: This information is for educational purposes only. Please consult your financial advisor before investing in stocks
