Vedanta Q2 net profit declines 59% to Rs 1,798 crore, revenue rises 6%

Vedanta declares its September quarter results.

Vedanta on Friday reported a 59 percent decline in consolidated net profit attributable to owners at Rs 1,798 crore for the quarter ended September 30, 2025, after the company booked execeptional loss of Rs 2,067 crore during the quarter.  The mining conglomerate had posted a net profit of Rs 4,352 crore in the year-ago period.

Exceptional charges booked during the September quarter, include a Rs 1,407 crore write-off following an adverse Supreme Court ruling on the Mega Power benefit claim and a Rs 660 crore settlement payment to SEPCO for resolving arbitration disputes at its Talwandi Sabo power unit, it said in a regulatory filing on October 31.

Net profit after tax before exceptional items, rose 13 per cent YOY at Rs Rs 5,026 crore.  The total income of the company in the July-September period rose to Rs 40,464 crore over Rs 38,934 crore in the year-ago period, according to an exchange filing.

Q2 consolidated revenue from operations rose 6 per cent to Rs 39,868 crore,  EBITDA stood at Rs 11,612 crore, up 12 per cent YOY.

Shares of Vedanta Ltd traded lower at Rs 496.10 per share on the NSE, down 2.14 percent.

"We delivered record production of Aluminium, Alumina, Zinc MIC in our international operations, Pig Iron and power generation..  Supported by this increased production capacity and the recovery in commodity prices, Vedanta is well positioned to deliver its best performance in FY26, with full year EBITDA surpassing the historic best EBITDA of ~USD 6bn delivered in FY22,"said executive director Arun Misra.

Parent company, VRL, has refinanced $550 million through a bond issue and reduced the overall interest costs from ~11.6% to ~10%, the company said in its press statement. Vedanta  Net debt/ EBITDA ratio is reported at  1.37x down from 1.49x in 2QFY26.

It reported cash and cash at Rs 21,481 crore while gross debt was at Rs 83,544 crore as on 30th September 2025.

Segment results 

Revenue from zinc, lead and silver business rose 3.5 per cent at Rs 8,235 crore  helped by resilient domestic demand and lower cost of production.EBITDA from the segment rose 8 per cent Rs 4,434 crore.

Revenue from the aluminium unit rose to Rs 15,671 crore, up 14 per cent YOY ,  iron ore business too saw a 5.5 per cent jump in revenue at Rs 1,449 crore, but its EBITDA declined 21 per cent YOY in the quarter. Aluminium EBITDA soared 33 per cent YOY at Rs 5,532 crore.

Its oil and gas unit posted a 18 per cent decline in revenue at Rs 2,330 crore and a 12 per cent decline in EBITDA at Rs 1,029 crore amid declining oil discoveries. In the quarter, average daily gross operated production declined 15 per cent YOY.

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