Vedanta Q4 PAT jumps 92% to ₹6,698 crore; revenue rises 47%, margins ease

Vedanta Ltd on Wednesday reported a strong set of consolidated numbers for the March quarter, with profit nearly doubling on a year-on-year basis, driven by higher commodity prices, improved volumes and operating efficiencies.

Profit attributable to owners of the company rose 92.3% to ₹6,698 crore, compared to ₹3,483 crore in the corresponding quarter last year, according to the company’s filing.

Revenue from operations increased 47.5% to ₹24,609 crore, up from ₹16,686 crore a year ago, indicating stronger realizations across key segments.

Earnings before interest, tax, depreciation and amortisation (EBITDA) rose 44.1% to ₹7,559 crore, compared with ₹5,246 crore in the year-ago period. However, margins saw a marginal contraction, with EBITDA margin at 30.72% versus 31.44% last year, indicating some cost pressures despite higher earnings.

Best-ever performance, says management

The company, in its press release, highlighted that the quarter marked a peak in financial performance across key metrics.

“FY26 was a year of strong execution for Vedanta, with record operational performance across the portfolio,” said Arun Misra, executive director, Vedanta.

He added that the company delivered strong output across businesses, supported by capacity ramp-ups and operational efficiencies.

Strong growth across metrics

Vedanta said its quarterly performance was supported by higher commodity prices, improved volumes and favourable macro conditions.

“The quarter marks a defining point for Vedanta, with the delivery of our strongest-ever financial performance recording all-time highs in revenue, EBITDA, and PAT,” said Ajay Goel, CFO, Vedanta.

For the full year, the company reported record revenue, EBITDA and profit, while also strengthening its balance sheet, with net debt-to-EBITDA improving to 0.95x.

Margins dip despite earnings surge

While earnings growth remained strong, margins softened slightly on a year-on-year basis, suggesting cost pressures in certain segments.

However, the company noted that operational efficiencies and cost control initiatives helped partially offset input cost pressures during the quarter.

Vedanta said it remains focused on growth and value creation, with ongoing investments in capacity expansion and operational efficiency. The company is also moving ahead with its planned demerger, which is expected to be effective from May 1, 2026, positioning it for the next phase of growth.

Shares of Vedanta Ltd ended 4.83% higher at ₹775 apiece on the NSE on Wednesday. The stock has rallied over 86% in the past year, significantly outperforming the broader Nifty 100, which has risen by nearly 1% during the same period.