Vedanta Q2 results: Net profit surges 151% YoY to record Rs 6,202 crore; EBITDA doubles, Rs 5 dividend declared

Vedanta's earnings before interest, tax, depreciation and amortisation (EBITDA) more than doubled, rising 106 percent year-on-year to a record Rs 9,938 crore. The company reported an EBITDA margin of 60 percent, an expansion of 1,055 basis points from the year-ago quarter. Vedanta's net debt declined by Rs 4,624 crore to Rs 3,675 crore during the July-September quarter, primarily supported by cash flow from operations.

Its net debt-to-EBITDA ratio stood at 0.1 times. The company generated free cash flow before capital expenditure of Rs 5,803 crore during the quarter and invested Rs 1,135 crore in growth capital expenditure. Cash and cash equivalents stood at Rs 26,622 crore at the end of September 2026. Vedanta said its overall borrowing cost remained around 8.3 percent annually. Vedanta's Zinc India business reported record second-quarter mined metal production of 271 kilotonnes (kt), up 5 percent year-on-year.

Silver production rose 20 percent to 173 tonnes. Zinc India's cost of production fell 29 percent year-on-year to $703 per tonne, its lowest level since the transition to underground mining. In its international zinc operations, mined metal production declined 12 percent year-on-year to 53 kt. The company commissioned Gamsberg Phase II during the quarter, adding 200 kilotonnes per annum of mine-in-concentrate capacity.

In the copper business, India sales increased 16 percent year-on-year to 52 kt. However, international copper sales declined 74 percent to 6 kt, affected by the closure of the Strait of Hormuz. Vedanta said its 155-kilotonnes-per-annum copper rod plant in Saudi Arabia was progressing towards commissioning in the December quarter. Vedanta Ltd shares were trading at Rs 233 after the quarterly results announcement, extending the morning gains to 3.3 percent. The company commands a market capitalisation of nearly Rs 91,100 crore.