{"id":178538,"date":"2026-01-30T07:35:49","date_gmt":"2026-01-30T12:35:49","guid":{"rendered":"https:\/\/alphastreet.com\/india\/?p=178538"},"modified":"2026-01-30T07:35:51","modified_gmt":"2026-01-30T12:35:51","slug":"vedanta-q3-fy26-earnings-results","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/vedanta-q3-fy26-earnings-results\/","title":{"rendered":"Vedanta Q3 FY26 Earnings Results"},"content":{"rendered":"\n<p>Vedanta Ltd is a diversified natural resource group engaged in exploring, extracting and processing minerals and oil &amp; gas. The group engages in the exploration, production and sale of zinc, lead, silver, copper, aluminium, iron ore and oil &amp; gas. It has presence across India, South Africa, Namibia, Ireland, Liberia &amp; UAE. Its other businesses includes commercial power generation, steel manufacturing &amp; port operations in India and manufacturing of glass substrate in South Korea and Taiwan.<\/p>\n\n\n\n<p>Presently, India accounts for ~65% of total revenues, followed by Malaysia (9%), China (3%), UAE (1%) and others (22%).<\/p>\n\n\n\n<div style=\"height:35px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Q3 FY26 Earnings Results<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Revenue from Operations: \u20b945,899 cr, +19% YoY vs \u20b938,526 cr, highest-ever quarterly revenue; driven by higher LME prices, volumes, premiums, forex gains across aluminium, zinc, oil &amp; gas, power.<\/li>\n\n\n\n<li>EBITDA: Record \u20b915,171 cr, +34% YoY, margin 41% (+629 bps YoY); all-time high, led by aluminium margin $1,268\/t, Hindustan Zinc record EBITDA.<\/li>\n\n\n\n<li>PAT: \u20b97,807 cr, +60% YoY vs \u20b94,859 cr, record quarterly PAT; net debt \u20b960,624 cr, net debt\/EBITDA 1.23x (improved from 1.40x YoY).<\/li>\n\n\n\n<li>Other key metrics: Alumina production 794 kt (+57% QoQ, +22% YoY), aluminium 620 kt (+1% YoY); zinc mined 276 kt; power sales +40% YoY.<\/li>\n<\/ul>\n\n\n\n<div style=\"height:34px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Management Commentary &amp; Strategic Decisions<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Landmark quarter with highest EBITDA\/PAT; <a href=\"https:\/\/www.bseindia.com\/xml-data\/corpfiling\/AttachLive\/120c7a12-85ee-4994-ac5d-7adca677117f.pdf\" target=\"_blank\" rel=\"noopener\">operational excellence<\/a>, cost discipline, base metals rally.<\/li>\n\n\n\n<li>Strategic moves: Capacity expansion, debt reduction; demerger progress.<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"839\" height=\"1024\" src=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-130-839x1024.png\" alt=\"\" class=\"wp-image-178539\" srcset=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-130-839x1024.png 839w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-130-246x300.png 246w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-130-768x937.png 768w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-130-1259x1536.png 1259w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-130.png 1489w\" sizes=\"auto, (max-width: 839px) 100vw, 839px\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Q2 FY26 Earnings Results<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Revenue from Operations: \u20b939,868 cr, +6% YoY vs \u20b937,634 cr.<\/li>\n\n\n\n<li>EBITDA: Record \u20b911,612 cr, +12% YoY, margin 28.6% (+275 bps YoY).\u200b<\/li>\n\n\n\n<li>PAT: \u20b91,798 cr, \u221259% YoY (due to forex\/mark-to-market losses).<\/li>\n\n\n\n<li>Other key metrics: Net debt\/EBITDA 1.37x; AA rating reaffirmed.<\/li>\n<\/ul>\n\n\n\n<div style=\"height:35px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Management Commentary Q2<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Record EBITDA\/revenue; core operations resilient despite PAT volatility.<\/li>\n\n\n\n<li>Strategic moves: Bond refinancing (USD 550 mn, lower rates), debt maturity extension.<\/li>\n<\/ul>\n\n\n\n<p>To view the company\u2019s previous earnings and latest concall transcripts,&nbsp;<a href=\"https:\/\/alphastreet.com\/india\/\">click here<\/a>&nbsp; to visit the Alphastreet India news channel.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Vedanta Ltd is a diversified natural resource group engaged in exploring, extracting and processing minerals and oil &amp; gas. The group engages in the exploration, production and sale of zinc, lead, silver, copper, aluminium, iron ore and oil &amp; gas. It has presence across India, South Africa, Namibia, Ireland, Liberia &amp; UAE. Its other businesses [&hellip;]<\/p>\n","protected":false},"author":1863,"featured_media":178539,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[105,5753],"tags":[11683],"class_list":["post-178538","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-infographics","category-industrials","tag-minerals"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/image-130.png","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":172104,"url":"https:\/\/alphastreet.com\/india\/vedanta-q2-fy26-earnings-results\/","url_meta":{"origin":178538,"position":0},"title":"Vedanta Q2 FY26 Earnings Results","author":"Chirag Gupta","date":"November 4, 2025","format":false,"excerpt":"Vedanta Ltd is a diversified natural resource group engaged in exploring, extracting and processing minerals and oil & gas. 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The group engages in the exploration, production and sale of zinc, lead, silver, copper, aluminium, iron ore and oil & gas. 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The group engages in the exploration, production and sale of zinc, lead, silver, copper, aluminium, iron ore and oil & gas. 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