Vedanta Q2 Profit Jumps 151 Pct To Record US$649 Mln

KUALA LUMPUR, Nov 4 (Bernama) -- Indian metals and mining group, Vedanta Ltd posted a record quarterly profit of US$649 million for the second quarter (Q2) ended Sept 30, 2026, up 151 per cent year-on-year, on higher revenue and wider margins. (US$1 = RM4.07)

Revenue rose 57 per cent to a record US$2.70 billion, while earnings before interest, tax, depreciation and amortisation (EBITDA) more than doubled to US$1.04 billion, up 106 per cent. The EBITDA margin widened by 1,055 basis points to 60 per cent.

For the first half, profit rose 151 per cent to a record US$1.21 billion on revenue of US$5.18 billion, up 54 per cent, the company said in a statement.

Vedanta, listed on India’s BSE and National Stock Exchange, declared its first interim dividend of five Indian rupees per share during the quarter.

Net debt fell by US$497 million from the end of June to US$380 million, bringing its net debt-to-EBITDA ratio down to 0.1 times from 0.3 times in the previous quarter. Free cash flow before capital expenditure was US$607 million in the quarter, and cash and cash equivalents stood at US$2.78 billion.

Domestic rating agencies ICRA and CRISIL reaffirmed the company’s AA+ credit rating with a stable outlook.

Operationally, Vedanta commissioned the second phase of its Gamsberg operation in South Africa, adding 200 kilotonnes per annum (KTPA) of metal-in-concentrate capacity and lifting Vedanta Zinc International’s total capacity to 500 KTPA.

Furthermore, its FACOR unit produced its first chromite ore from underground mines in Odisha, while its portfolio of critical mineral blocks grew to 11, five of which are under exploration.

-- BERNAMA