Vedanta Ltd kicked off FY26 on a mixed note, with its consolidated net profit dropping by nearly 12% in the April–June quarter, even as revenue saw a modest uptick.
Profit Drops Despite Higher Revenue
In Q1 FY26, Vedanta posted a net profit of ₹3,185 crore, down 11.7% year-on-year from ₹3,606 crore in the same quarter last year. On a sequential basis, profits were also lower—falling 8.5% from ₹3,483 crore reported in Q4 FY25.
On the brighter side, the company’s consolidated revenue from operations rose 6.2% year-on-year to ₹37,434 crore, up from ₹35,239 crore in Q1 FY25. However, compared to the previous quarter, revenue dipped by 6% to ₹39,789 crore.
Dividend Declared, Liquidity Gets a Boost
Vedanta’s board approved a first interim dividend of ₹7 per equity share (face value ₹1) for FY26. That brings the total dividend payout so far this fiscal to ₹7 per share.
In a positive move for its cash position, Vedanta raised ₹3,028 crore by offloading a 1.6% stake in Hindustan Zinc Ltd (HZL). This helped improve liquidity, with cash and cash equivalents climbing to ₹22,137 crore—a 7% jump over the previous quarter and a 33% increase compared to the same period last year.
Vedanta Big Plans Ahead
Chairman Anil Agarwal remained optimistic about the future, citing several upcoming projects that could boost the company’s performance.
“The ramp-up of the Lanjigarh refinery to 587kt shows we’re on track to deliver over 3 million tonnes of alumina in FY26,” Agarwal said. He also highlighted key developments lined up for the second quarter, including the commissioning of:
- Train II at Lanjigarh
- 435kt smelter capacity at Balco
- 1,300 MW of new thermal power capacity
In addition, the launch of operations at Vedanta’s Sijimali bauxite mine and Kuraloi coal mine in the second half of the year is expected to push the company toward record-breaking performance.