Vedanta Posts Record FY26 Profit, Revenue Following Demerger

KUALA LUMPUR, May 11 (Bernama) -- India-based Vedanta Limited, a global leader in metals, oil & gas, critical minerals, power and technology, posted a record profit of US$2.8 billion for the financial year ended March 31, 2026, up 22 per cent year-on-year (YoY), driven by structurally strong businesses and disciplined execution. (US$1 = RM3.91)

In a statement, Vedanta said the fourth-quarter (Q4) profit rose nearly 90 per cent YoY to US$1 billion.

Vedanta also recorded its highest-ever annual revenue of about US$20 billion, representing a 15 per cent increase from a year earlier, while its Q4 revenue rose nearly 30 per cent YoY to US$5.6 billion.

Annual earnings before interest, taxes, depreciation and amortisation (EBITDA) increased about 30 per cent to a record US$6.3 billion, with margins expanding to around 40 per cent. Q4 EBITDA stood at US$2 billion with margins of about 44 per cent.

The company said its balance sheet strengthened further during the year, with net debt-to-EBITDA improving to 0.95 times, supported by strong cash generation.

Vedanta said its demerger became effective on May 1, resulting in the creation of five independently scalable business entities spanning aluminium, oil and gas, power, iron and steel, and critical minerals.

The company’s AA credit ratings were reaffirmed by CRISIL and ICRA, while parent company Vedanta Resources received a ratings upgrade to BB- from Fitch Ratings.

Vedanta delivered a total shareholder return of nearly 50 per cent in financial year 2026 (FY26), outperforming India’s Nifty Metal Index.

-- BERNAMA