Daijiworld Media Network – Mumbai

Mumbai, Oct 29: Mining major Vedanta Ltd has reported a sharp increase in its quarterly earnings, announcing a net profit of Rs 3,650 crore for the quarter ended September 2026, compared with Rs 1,798 crore in the corresponding quarter last year.

The company has also declared its first interim dividend of Rs 5 per share for the financial year 2026-27, marking its first payout following the demerger. Vedanta had fixed October 14, 2026, as the record date for determining shareholders eligible for the dividend. Under the T+1 settlement system, October 13 was the last day to purchase the shares to qualify for the payout.

Vedanta’s revenue from operations rose to Rs 26,356 crore during the quarter from Rs 16,736 crore a year earlier. The company attributed the growth to higher commodity prices, favourable foreign exchange movements and increased volumes.

“Vedanta delivered another quarter of strong operational performance...we invested Rs 1,135 crore towards our growth projects, advancing capacity expansions, mine development and resource security initiatives across the portfolio,” said Arun Misra, Executive Director of Vedanta Ltd.

According to the company’s results highlights, profit for the second quarter of FY27 stood at Rs 6,202 crore, marking a 151 per cent year-on-year increase. Quarterly revenue reached Rs 25,812 crore, up 57 per cent, while EBITDA rose 106 per cent to Rs 9,938 crore, with a margin of 60 per cent.

For the first half of FY27, Vedanta reported record revenue of Rs 49,268 crore, an increase of 54 per cent year-on-year. EBITDA more than doubled to Rs 18,407 crore, up 103 per cent, while profit rose 151 per cent to Rs 11,496 crore. The company’s net debt-to-EBITDA ratio improved to 0.1 times from 0.3 times in the first quarter.

Vedanta shares ended the previous trading session higher at Rs 233, gaining Rs 7 or 3.10 per cent following the strong quarterly results. The company’s market capitalisation stood at Rs 40,826.76 crore.