Vedanta Limited reported a consolidated net profit after tax of ₹7,918 Crore for the quarter ended June 30, 2026, a sharp 78% increase compared to ₹4,457 Crore in the corresponding quarter of the previous year. According to the latest wire data, consolidated net profit from continuing operations stood at 55B Rupees versus 32B Rupees year-on-year, against an analyst estimate of 36B Rupees. Revenue for the quarter came in at 242B Rupees versus 157B Rupees in the year-ago period. The results were reviewed by the Audit and Risk Management Committee and approved by the Board of Directors at its meeting held on July 30, 2026, with statutory auditors M/s M S K A & Associates LLP issuing an unmodified conclusion on the financial results.

Demerger and Structural Transformation

Pursuant to the Scheme of Arrangement approved by the Hon'ble National Company Law Tribunal, Mumbai Bench, vide orders dated December 16, 2025 and January 9, 2026, Vedanta's Aluminium, Oil & Gas, Iron Ore, and Merchant Power undertakings were demerged into four resulting companies — Vedanta Aluminium Metal Limited, Vedanta Oil And Gas Limited, Vedanta Iron and Steel Limited, and Vedanta Power Limited — effective May 1, 2026. As a result, discontinued operations in the current quarter cover only the period from April 1, 2026 to April 30, 2026, and figures for the current period are not directly comparable with those of previous or corresponding periods. Continuing operations now consist of the Zinc, Lead and Silver (India), Zinc International, Copper, and Others segments.

Consolidated Financial Performance

The following table summarises key consolidated financial metrics for continuing and total operations:

Profit attributable to owners of Vedanta Limited stood at ₹5,473 Crore for Q1 FY27, compared to ₹3,185 Crore in Q1 FY26. Non-controlling interests accounted for ₹2,445 Crore of the total net profit.

EBITDA and Margin Performance

Vedanta's operational profitability showed strong improvement in the quarter. According to the latest wire data, consolidated EBITDA stood at 85B Rupees versus 42.76B Rupees year-on-year, while EBITDA margin expanded significantly to 35.12% from 27.14% in the year-ago period. The following table presents segment revenue and EBITDA from continuing operations for Q1 FY27:

Total EBITDA from continuing operations was ₹8,469 Crore in Q1 FY27, compared to ₹4,267 Crore in Q1 FY26. Discontinued operations (April 1 to April 30, 2026) contributed EBITDA of ₹3,891 Crore, bringing combined EBITDA to ₹12,360 Crore for the quarter. The Zinc, Lead and Silver segment remained the dominant contributor to consolidated EBITDA from continuing operations.

Earnings Per Share

The following table presents earnings per share (EPS) figures, which are not annualised for quarterly periods:

Standalone Financial Results

On a standalone basis, Vedanta reported total revenue from continuing operations of ₹7,716 Crore for Q1 FY27, compared to ₹5,051 Crore in Q1 FY26. Net profit after tax from continuing operations was ₹2,538 Crore, while discontinued operations (April 2026) contributed ₹1,846 Crore, bringing total standalone net profit to ₹4,384 Crore. Other income from continuing operations included dividend income from subsidiaries of ₹2,822 Crore for the quarter. Standalone basic and diluted EPS for continuing and discontinued operations combined stood at ₹11.21 for Q1 FY27.

Standalone segment EBITDA from continuing operations was negative at ₹(39) Crore, reflecting the copper-focused standalone structure, while discontinued operations contributed ₹2,730 Crore in EBITDA. The standalone NCDs outstanding as of June 30, 2026 stood at ₹7,560 Crore at carrying amount, all listed unsecured.

Key Financial Ratios (Consolidated)

The following ratios for Q1 FY27 are computed based on continuing operations only and are not directly comparable with prior periods which include discontinued operations:

Regulatory and Legal Disclosures

The company disclosed that the Enforcement Directorate conducted a search and seizure operation under the Foreign Exchange Management Act, 1999, at the premises of the company and one of its subsidiaries from June 1, 2026 to June 3, 2026. The Group extended full cooperation and provided information and documentation sought, and no further communication from the ED has been received. Separately, SEBI communicated observations on related party transactions pertaining to subsidiary Hindustan Zinc Limited during the quarter; these observations related to approvals and disclosure aspects and did not result in any financial penalty, restriction, or sanction. Corrective measures have been taken and reviewed by the Audit & Risk Management Committee and Board of Directors of the subsidiary. The company also noted ongoing regulatory investigations related to allegations in a short seller report from the previous year, with management continuing to assess these as baseless. Consolidated outstanding listed unsecured NCDs stood at ₹9,357 Crore as of June 30, 2026.

Vedanta Aluminium Metal declared its first interim dividend of ₹8 per equity share for the financial year 2026-27, amounting to approximately ₹3,128.55 crore. The Board of Directors set August 5, 2026, as the record date for determining entitlements. This payout follows a strong start to FY27, where consolidated EBITDA surged to ₹10,499 crore in Q1FY27, up from ₹4,479 crore in the corresponding period last year.

The announcement was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, following a board meeting held on July 30, 2026. Alongside the dividend approval, the Board formulated and adopted two new employee benefit schemes: the Vedanta Aluminium Metal Limited – Employee Stock Option Plan 2026 (VAML ESOP 2026) and the Employee Share Purchase Plan 2026 (VAML ESPP 2026). These initiatives aim to align employee interests with long-term value creation.

Dividend and Shareholder Details

The interim dividend is payable on equity shares with a face value of ₹1 each. The payment will be made within the timelines prescribed by law following the record date. This distribution reflects the company's robust cash generation capabilities post-demerger from Vedanta Limited, which became effective on May 1, 2026.

Employee Stock Benefit Schemes

The Board approved the VAML ESOP 2026 and VAML ESPP 2026, subject to shareholder approval. Together, these schemes cover up to 5% of the total paid-up share capital. The ESOP pool comprises up to 16,62,04,184 shares (4.25% of paid-up capital), while the ESPP pool includes up to 2,93,30,150 shares (0.75% of paid-up capital).

Both schemes will be implemented through the Vedanta Aluminium Metal Limited ESOS Trust via secondary acquisition from the open market. The Trust's holdings under all outstanding schemes must not exceed 5% of the paid-up equity share capital at any time. Eligible employees include staff from the company, its holding company, and subsidiaries, excluding promoters, promoter groups, independent directors, and persons holding more than 10% equity.

Scheme Terms

Under the VAML ESOP 2026, options vest between one and five years from the grant date, based on performance parameters set by the Nomination & Remuneration Committee. The exercise price is proposed at the face value of ₹1 per share. Options may be exercised within eight months of vesting. For the VAML ESPP 2026, the purchase price is nil or as determined by the committee, with a lock-in period of one year from the date of transfer.

Financial Performance Context

The dividend declaration coincides with reported consolidated revenue from operations of ₹21,393 crore for Q1FY27, an increase from ₹14,654 crore in Q1FY26. The following table summarises the key financial metrics for the period: