Vedanta stock: Profit reaches record $1.21 billion in H1 FY27

Published on 11/13/2026 at 03:10 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Vedanta stock enters the second half of FY27 after a sharp earnings improvement. Lower net debt and new zinc capacity strengthen the investment case.

Vedanta delivers stronger first-half results

Quarterly revenue and EBITDA reached records as higher commodity prices and production supported performance.
Net debt fell sharply, while free cash flow and credit ratings highlighted a stronger balance sheet.
Gamsberg Phase II lifted zinc capacity in South Africa, and the critical-minerals portfolio expanded.

Vedanta, INE205A01025, Illustration mit AI erstellt.

Vedanta reported its strongest first-half performance on November 3, after releasing consolidated results for the quarter and six months ended September 30, 2026. According to Business Wire, quarterly profit rose 151 percent year over year to 649 million US dollars, while first-half profit reached a record 1.21 billion US dollars.

Revenue and margins set new records

Quarterly revenue increased 57 percent year over year to 2.70 billion US dollars, lifting first-half revenue to 5.18 billion US dollars. Quarterly EBITDA rose 106 percent to 1.04 billion US dollars, and the EBITDA margin expanded to 60 percent from a year earlier.

Vedanta said higher commodity prices, stronger production and operational execution supported the result. The company also declared an interim dividend of INR 5 per share during the quarter, its first interim payout since the demerger.

Debt reduction improves financial flexibility

Net debt declined by 497 million US dollars quarter over quarter to 380 million US dollars, compared with 877 million US dollars in June. Net debt to EBITDA improved to 0.1 times from 0.3 times in the first quarter of FY27. Pre-capital-expenditure free cash flow reached 607 million US dollars in the quarter and 1.07 billion US dollars in the first half.

ICRA and CRISIL reaffirmed Vedanta's AA+/Stable credit ratings. The balance-sheet improvement gives investors a stronger basis for assessing the group's expansion plans, although earnings remain exposed to commodity prices and foreign-exchange movements.

Zinc expansion adds operating capacity

Gamsberg Phase II in South Africa added 200,000 tonnes per year of metal-in-concentrate capacity, taking Vedanta Zinc International's total capacity to 500,000 tonnes per year. In Odisha, FACOR produced its first tonne of chromite ore from underground mines. Vedanta also said its critical-minerals portfolio had grown to 11 blocks, with five under exploration.

Vedanta's resources portfolio

Vedanta is an Indian multinational focused on metals and critical minerals, with operations that include zinc and chromite production in India and South Africa. Its portfolio is built around resource extraction, processing and the expansion of mineral capacity. The latest results position the company as a diversified mining and metals producer with a growing focus on critical minerals.