Vedanta Q2 FY27 net profit Rs 6,202 crore; EBITDA hits record
By Siddharth VermaBusiness Correspondent, Peepals Bharat
Representative image: rualuminas / Pixabay
Vedanta reported Q2 FY27 net profit of Rs 6,202 crore on October 28, 2026, with a record Rs 9,938 crore EBITDA and net debt down to Rs 3,675 crore.
What Happened
Vedanta Limited, the mining and metals company, reported a consolidated net profit of Rs 6,202 crore for the July to September 2026 quarter, the second quarter of the financial year 2026-27 (Q2 FY27), in results released on Wednesday, October 28, 2026. The company said profit rose 151% from a year earlier, revenue rose 57% to Rs 25,812 crore, and earnings before interest, tax, depreciation and amortisation (EBITDA) reached a record Rs 9,938 crore. It also said net debt fell by Rs 4,624 crore during the quarter to Rs 3,675 crore.
Key Facts
- Period: quarter ended September 30, 2026 (Q2 FY27); results released October 28, 2026.
- Net profit (consolidated): Rs 6,202 crore, up 151% year on year, according to the company.
- Revenue: Rs 25,812 crore, up 57% year on year.
- EBITDA: a record Rs 9,938 crore, up 106% year on year and 17% from the previous quarter.
- Net debt: down Rs 4,624 crore in the quarter to Rs 3,675 crore; the company put its net debt to EBITDA ratio at about 0.1 times.
- Dividend: a first interim dividend of Rs 5 per share (face value Rs 1) for FY27.
- Structure: after its demerger in 2026, Vedanta Limited keeps zinc, copper, ferrochrome and port businesses; oil and gas, aluminium and power now sit in separately listed companies, according to reports.
Why It Matters
Vedanta is one of India's largest natural-resources groups, and its results are a reading on how Indian metal producers are doing as global prices move. Results material from the company points to its zinc business as the main driver of the record EBITDA. Zinc is used mainly to coat steel against rust, so demand follows construction, infrastructure and vehicle making.
The quarter is also one of the first that shows Vedanta after its break-up. The group has been split into separately listed companies, each focused on one business. That makes comparisons with earlier years harder, because the businesses inside Vedanta Limited have changed. The growth rates in this story are the company's own, measured on the basis it reports. Readers may see different figures elsewhere: at least one market report gave a lower profit and a higher revenue number, and some reports compare the quarter with the previous three months rather than with a year earlier.
The fall in net debt stands out. Net debt is a company's borrowings minus the cash it holds. A ratio of net debt to EBITDA of around 0.1 times means the company's debt, after cash, is a small fraction of one year's operating earnings. Lower debt gives a company more room to pay dividends or invest.
| Measure (Q2 FY27) | Figure | Change, per company |
|---|---|---|
| Net profit (consolidated) | Rs 6,202 crore | up 151% year on year |
| Revenue from operations | Rs 25,812 crore | up 57% year on year |
| EBITDA | Rs 9,938 crore | up 106% year on year, up 17% on quarter |
| Net debt | Rs 3,675 crore | down Rs 4,624 crore in the quarter |
Impact
Short-term: Shareholders receive the Rs 5 per share interim dividend. The results give investors their first clear look at the slimmer Vedanta Limited after the demerger.
Long-term: If metal prices and output hold up, lower debt gives the company more freedom to fund new mining and smelting projects or to keep paying dividends. Earnings will still rise and fall with global prices of zinc and other metals, which the company does not control.
Who is affected: Vedanta's shareholders, its employees and contractors at its mines and plants, the lenders to the group, and industries that buy zinc and copper, from steel makers to electrical equipment firms.
Key Takeaway
Vedanta reported a record Q2 FY27 EBITDA of Rs 9,938 crore and a net profit of Rs 6,202 crore, while cutting its net debt to Rs 3,675 crore.
Questions and Answers
What was Vedanta's Q2 FY27 net profit?
Vedanta reported a consolidated net profit of Rs 6,202 crore for the quarter ended September 30, 2026, which it said was 151% higher than a year earlier.
Did Vedanta declare a dividend with its Q2 FY27 results?
Yes. The company declared a first interim dividend of Rs 5 per share, on shares with a face value of Rs 1, for the financial year 2026-27.
Why are Vedanta's year-on-year comparisons different this year?
Vedanta has been split into separately listed companies, so Vedanta Limited now holds a smaller set of businesses, mainly zinc, copper, ferrochrome and ports. Different reports have used different comparison bases, so figures vary.
What happened to Vedanta's debt?
The company said its net debt fell by Rs 4,624 crore during the quarter to Rs 3,675 crore, about 0.1 times its EBITDA.
Disclaimer: Prepared by the Peepals newsroom from publicly available sources with AI assistance. Information is accurate to the best of our knowledge at the time of publication and may change. Images may be representative. Not professional advice. Report an error via our contact page.
By Siddharth Verma, Business CorrespondentCovers Business and more for Peepals Bharat. All stories by Siddharth Verma
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Siddharth Verma is a pen name of the Peepals Global Editorial Team, which researches, fact-checks and publishes every story. The portrait is an illustration.
