Company records highest-ever quarterly revenue and EBITDA; strong operational gains across key businesses
TFP Bureau, New Delhi, January 29, 2026: Vedanta Limited on Wednesday announced a strong financial performance for the third quarter ended December 31, 2025, reporting a sharp 60 per cent year-on-year jump in consolidated profit after tax (PAT) to ₹7,807 crore. The diversified natural resources major also posted its highest-ever quarterly revenue and earnings, underlining operational efficiency, cost discipline and improved commodity market conditions.
According to the unaudited consolidated results for Q3 and the first nine months of FY26, Vedanta achieved a record quarterly EBITDA of ₹15,171 crore, marking a 34 per cent increase over the corresponding period last year. The EBITDA margin expanded significantly by 629 basis points to 41 per cent, reflecting strong profitability across businesses. Revenue for the quarter rose 19 per cent year-on-year to an all-time high of ₹45,899 crore.
The company’s balance sheet strength also improved during the quarter, with the net debt-to-EBITDA ratio declining from 1.40x to 1.23x. Return on Capital Employed (ROCE) stood at a healthy 27 per cent, up by 296 basis points compared to the same period last year, indicating efficient capital utilisation.
Following the National Company Law Tribunal (NCLT) order approving Vedanta’s proposed demerger, leading credit rating agencies CRISIL and ICRA reaffirmed the company’s credit rating at the AA level, signalling continued confidence in its financial stability and long-term prospects.
Operationally, Vedanta delivered strong performances across its core segments. The iron ore business recorded quarterly saleable ore production of 1.2 million tonnes, a 3 per cent increase year-on-year. Pig iron production rose by 6 per cent to 229 kilotonnes. Copper cathode production reached 45 kilotonnes, the highest quarterly output in the last seven years, while ferrochrome production surged by a robust 32 per cent year-on-year to 24 kilotonnes. The power business also performed strongly, with power sales increasing by 61 per cent compared to the same quarter last year.
The quarter was marked by several strategic milestones. Vedanta received approval from the Hon’ble NCLT for its long-planned demerger, a move aimed at unlocking long-term value for shareholders by creating focused and independent entities. The company further strengthened its downstream presence in copper and aluminium through the acquisition of Incab Industries, enhancing its value-added product portfolio.
Vedanta’s stock performance reflected investor confidence, delivering a total shareholder return of around 30 per cent during the quarter. The company significantly outperformed benchmark indices, beating the Nifty by nearly five times and the Nifty Metal index by 2.7 times, as its shares repeatedly touched all-time highs. Over the past five years, Vedanta has delivered an impressive total shareholder return of 428 per cent, along with a cumulative dividend yield of 73.5 per cent.
In another major development, the Vedanta Group secured three additional mining blocks for high-value critical minerals during the quarter, taking its total allocated mining blocks to 11. This strengthens the group’s strategic positioning in critical resources essential for India’s energy transition and industrial growth.
The strong Q3 performance underscores Vedanta’s focus on operational excellence, disciplined capital management and strategic growth initiatives, positioning the company for sustained value creation in the coming quarters.
