Mumbai: Vedanta Limited has announced its Unaudited Consolidated Results for the third quarter and nine months ended 31st December 2025.
• Achieved best-ever quarterly PAT of Rs 7,807 crore, up 60% YoY
•Recorded highest-ever quarterly Revenue of Rs 45,899 crore, up 19% YoY
• Achieved record-best quarter EBITDA of Rs 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
Financial Highlights 3QFY26:
o Best-ever quarterly Revenue of Rs 45,899 crore, up 19% YoY and 17% QoQ
o Highest-ever quarterly EBITDA of Rs 15,171 crore, up 34% YoY and 31% QoQ
o Record-best PAT of Rs 7,807 crore, up 60% YoY and 124% QoQ
o Second highest-ever EBITDA margin of 41%, up by 629 bps YoY and 512 bps QoQ
o Strong double-digit Return on Capital Employed at 27%, improved by 296 bps YoY
o Net Debt stands at Rs 60,624 crores, implying Net debt/ EBITDA ratio of 1.23x in 3QFY26, improved significantly from 1.40x in 3QFY25
Business Highlights 3QFY26:
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