Vedanta profit plunges 37 percent in Q2
Vedanta Limited reported a 37 percent year-on-year drop in consolidated profit after tax to Rs 3,479 crore for the September quarter, down from Rs 5,603 crore a year earlier. Profit also fell 21.9 percent compared with the previous quarter. Revenue from operations rose 5.9 percent year-on-year to Rs 39,868 crore and increased over 4 percent sequentially.
Total expenses remained nearly flat at Rs 33,449 crore, but the company recorded a net exceptional loss of Rs 2,067 crore, which impacted earnings. Vedanta’s parent, VRL, refinanced $550 million through a bond issue, lowering interest costs from 11.6 percent to 10 percent and extending average debt maturity to 4.5 years.
Arun Misra, Executive Director, stated that H1 FY26 demonstrated resilience despite lower commodity prices, with 8 percent year-over-year EBITDA growth driven by volume gains and cost reductions. The company achieved record output in aluminum, alumina, zinc, pig iron, and power generation.
Shares closed 2.5 percent lower at Rs 494.30 on Friday.
