Vedanta Net Profit Jumps 72% to Rs 5,473 Cr in April-June on Higher Metal Prices, Weak Rupee

New Delhi: Mining conglomerate Vedanta Ltd on Thursday reported a 71.8 per cent rise in consolidated net profit at Rs 5,473 crore in the quarter ended June 2026, citing higher sales amid rising global metal prices and a lower exchange rate of the rupee.

In the year-ago period, the Anil Agarwal-led company posted a consolidated net profit of Rs 3,185 crore.

Revenue from operations during the first quarter of FY27 rose by 53.6 per cent to Rs 24,205 crore from Rs 15,754 crore a year ago.

Expenses during the reporting quarter rose to Rs 17,558 crore from Rs 13,203 crore recorded in the year-ago period, the company said in a regulatory filing.

“We have delivered a strong start to FY27, with robust performance across all business segments of demerged Vedanta… This consistent operational execution across our portfolio reflects the strength of our underlying asset base and our continued focus on volume growth, cost efficiency and value creation,” Vedanta Ltd Executive Director Arun Misra said.

In a statement, the company said that the finance cost was higher by nine per cent Y-o-Y but lower by five per cent Q-o-Q.

“Vedanta’s demerger is unlocking significant shareholder value, with the combined market cap of resulting companies growing by over Rs 71,000 crore in the 1st quarter. Vedanta Limited has delivered strong Q1 results with continuing operations PAT growing to Rs 5,294 crore, up 152 per cent Y-o-Y and EBITDA to Rs 8,469 crore, up 98 per cent YoY,” Vedanta CFO Ajay Goel said.

The board approved the re-appointment of Misra as an Executive Director and additionally designated him as Chief Executive Officer of the company for one year effective from August 1, 2026, subject to approval of the shareholders.

The board has also approved the demerger of its real estate business to unlock significant value.

“The board…approved the draft scheme of arrangement between Vedanta Ltd and Vedanta Property Platforms Ltd and their respective shareholders and creditors for the demerger of the demerged undertaking (as defined in the Scheme) of the company to the resulting company on a going concern basis,” the filing said.

The company’s net debt stood at Rs 8,299 crore as on June 30, 2026, lower by Rs 2,223 crore from last quarter, majorly driven by cash flow from operations.

Vedanta Limited is a leading global producer of metals, critical minerals and technology.

(Disclaimer: Except for the headline, this article has not been edited by HDFC Sky editorial team and is auto-generated from PTI feed.)