Conference Call with Vedanta Management and Analysts on Q4FY26 & Full Year Performance and Outlook. Listen to the full earnings transcript.
Aluminium Products company Vedanta announced Q4FY26 & FY26 results Q4FY26 Standalone Financial Highlights: Total Revenue from Operations (Continuing): Rs 7,691.00 crore in Q4FY26, up 16.25% QoQ from Rs 6,616.00 crore and up 56.64% YoY from Rs 4,910.00 crore. Total Income (Continuing): Rs 7,828.00 crore in Q4FY26, up 16.16% QoQ from Rs 6,739.00 crore and up 53.76% YoY from Rs 5,091.00 crore. Net Profit After Tax (Continuing): Rs 2,203.00 crore in Q4FY26, compared to a loss of Rs 61.00 crore in Q3FY26 and a loss of Rs 355.00 crore in Q4FY25. Total Net Profit for the Period: Rs 6,882.00 crore in Q4FY26, up 136.74% QoQ from Rs 2,907.00 crore and up 388.43% YoY from Rs 1,409.00 crore. Earnings Per Share (Total): Basic EPS stood at Rs 17.60 in Q4FY26, compared to Rs 7.43 in Q3FY26 and Rs 3.60 in Q4FY25. Q4FY26 Consolidated Financial Highlights: Total Revenue from Operations (Continuing): Rs 24,609.00 crore in Q4FY26, up 15.34% QoQ from Rs 21,337.00 crore and up 47.48% YoY from Rs 16,686.00 crore. Total Income (Continuing): Rs 25,027.00 crore in Q4FY26, up 14.68% QoQ from Rs 21,823.00 crore and up 46.94% YoY from Rs 17,032.00 crore. Net Profit After Tax (Continuing): Rs 4,250.00 crore in Q4FY26, up 9.34% QoQ from Rs 3,887.00 crore and up 67.52% YoY from Rs 2,537.00 crore. Total Net Profit for the Period: Rs 9,352.00 crore in Q4FY26, up 19.79% QoQ from Rs 7,807.00 crore and up 88.51% YoY from Rs 4,961.00 crore. Earnings Per Share (Total): Basic EPS stood at Rs 17.15 in Q4FY26, compared to Rs 14.62 in Q3FY26 and Rs 8.92 in Q4FY25. FY26 Standalone Financial Highlights: Total Revenue from Operations (Continuing): Rs 24,252.00 crore in FY26, up 38.86% YoY from Rs 17,465.00 crore in FY25. Total Income (Continuing): Rs 27,471.00 crore in FY26, up 4.89% YoY from Rs 26,191.00 crore in FY25. Total Net Profit for the Year: Rs 17,726.00 crore in FY26, down 1.13% YoY from Rs 17,928.00 crore in FY25. Net Cash Flow from Operating Activities: Rs 14,312.00 crore in FY26, compared to Rs 17,011.00 crore in FY25 (down 15.87% YoY). Earnings Per Share (Total): Basic EPS for FY26 stood at Rs 45.34, compared to Rs 46.53 in FY25. Dividend: The Company declared a total dividend of Rs 34 per equity share for FY26. FY26 Consolidated Financial Highlights: Total Revenue from Operations (Continuing): Rs 78,437.00 crore in FY26, up 25.06% YoY from Rs 62,717.00 crore in FY25. Total Income (Continuing): Rs 79,987.00 crore in FY26, up 23.92% YoY from Rs 64,547.00 crore in FY25. Total Net Profit for the Year: Rs 25,096.00 crore in FY26, up 22.21% YoY from Rs 20,535.00 crore in FY25. Net Cash Flow from Operating Activities: Rs 39,499.00 crore in FY26, compared to Rs 39,562.00 crore in FY25. Earnings Per Share (Total): Basic EPS for FY26 stood at Rs 44.58, compared to Rs 38.97 in FY25. Business Highlights: Demerger Update: The National Company Law Tribunal (NCLT) approved the Scheme of Arrangement for the demerger of the company's Aluminium, Oil & Gas, Power, and Iron Ore & Steel businesses into separate listed entities. The Board has fixed May 1, 2026, as the effective date and record date for the demerger. HZL Stake Sale: During the quarter ended March 31, 2026, the company reduced its shareholding in Hindustan Zinc Limited (HZL) from 61.84% to 60.71% through an offer for sale, resulting in a net gain of Rs 2,506.00 crore. Discontinued Operations: Due to the pending demerger, segments including Aluminium, Oil & Gas, Iron Ore & Steel, and Power have been classified as "Discontinued Operations" in the financial statements. Production Sharing Contract (PSC): The company is currently engaged in legal proceedings regarding the extension of the PSC for the Cambay Block (CB-OS/2) and the Rajasthan Block. New Subsidiary: Vedanta Finance IFSC Limited was incorporated as a wholly-owned subsidiary in GIFT City, Gujarat, on November 18, 2025. Athena Power Plant Incident: Subsequent to the year-end, an incident occurred at a boiler of the Group's Athena Power Plant on April 14, 2026. The plant has been taken out of operation for technical assessment, but no material impact on financial position is currently expected. Arun Misra, Executive Director, Vedanta, said: “FY26 was a year of strong execution for Vedanta, with record operational performance across the portfolio. We delivered 2.9 million tonnes of alumina, 2.46 million tonnes of aluminium, 1.1 million tonnes of mined metal at Zinc India, 895 kt of pig iron and 101 kt of ferrochrome, reflecting improved operating efficiency alongside the ramp up of new capacities. During the year, we deployed Rs 14,918 crore of growth capex, commissioning key projects including Lanjigarh Train II, the new BALCO smelter, downstream expansions at Jharsuguda, the Debari roaster at Zinc India, and 1.3 GW of power capacity. Our continued focus on operational excellence resulted in lowest costs in last five years at Aluminium and Zinc business.” Ajay Goel, CFO, Vedanta, said: “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 for both the quarter and the full year and a clear positioning for the next phase of growth with Demerger effective from 1st of May ‘26. Our Revenue grew 15% YoY to Rs 1,74,075 crore, EBITDA 29% YoY to Rs 55,976 crore and PAT at Rs 25,096 crore, marking a 22% jump YoY. Our balance sheet strengthened further with Net Debt to EBITDA improving to 0.95x, from 1.22x an year ago, and both CRISIL and ICRA reaffirming VEDL’s credit rating as AA / Watch with Developing Implications. Pursuing growth with capex investment of Rs 14,918 crore in the year, we continued to reward our shareholders, paying a handsome dividend of Rs 34/share and delivering TSR of 48.6%.” Result PDF