- Vedanta's Q2 net profit fell 43.5% sequentially to Rs 1,798 crore, missing estimates
- Revenue rose 5.4% to Rs 39,868 crore, marking the highest-ever second quarter revenue
- EBITDA increased 14.9% to Rs 11,397 crore with margin expanding to 28.6%
Vedanta Ltd.'s net profit for the second quarter of FY26 declined 43.5% sequentially missing analysts' estimates, according to an exchange filing on Friday.
The mining and metals giant reported a consolidated bottom-line of Rs 1,798 crore, as compared to Rs 3,185 crore in the previous quarter. Analysts on Bloomberg had estimated a profit of Rs 3,629.54 crore. The profit was pulled down in the quarter ended September due to an exceptional loss of Rs 2,067 crore.
Revenue rose 5.4% to Rs 39,868 crore versus Rs 37,434 crore, while Bloomberg estimated it to be at Rs 38,312.73 crore. According to the company this is the highest ever second quarter revenue.
Also Read | Layoffs Are Rising In Tech, But These Skills Are Helping People Unlock Better Pay
Earnings before interest tax depreciation and amortisation went up 14% to Rs 11,397 crore versus Rs 9,918 crore in the first quarter of financial year 2026. Margin expanded to 28.6% versus 26.2% in the previous quarter.
Vedanta Q2 Highlights (Cons QoQ)
Revenue up 5.4% to Rs 39,868 crore versus Rs 37,824 crore (Estimate: Rs 38,312.73 crore).
Ebitda up 14.9% at Rs 11,397 crore versus Rs 9,918 crore (Estimate: Rs 11,195.58 crore).
Margin at 28.6% versus 26.2% (Estimate: 29.2%).
Net profit down 43.5% at Rs 1,798 crore versus Rs 3,185 crore (Estimate: Rs 3,629.54 crore).
Net debt stands at Rs 62,063 crore, implying Net debt/ Ebitda ratio of 1.37 times down from 1.49 times.
The company saw record quarterly alumina production at 653 kt, up 31% year-on-year and 11% quarter-on-quarter. The zinc business saw highest-ever second quarter mined metal production at 258 kt, up 1% year-on-year.
Vedanta Share Price Today
The stock settled 2.64% lower at Rs 493.55 apiece on the NSE, compared to a 0.60% decline in the benchmark Nifty 50.
Vedanta shares have risen 6.36% in the last 12 months and 11.05% year-to-date.
Out of 15 analysts tracking the company, 10 maintain a 'buy' rating, four recommend a 'hold' and one suggest 'sell', according to Bloomberg data. The average 12-month consensus price target of Rs 512.43 implies an upside of 3.8%.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
