The profit after tax (PAT) is attributable to the owners of the company.
The company’s total revenues from operations in Q4FY26 stood at Rs 24,609 crore, rising 47% YoY versus Rs 16,686 crore in the corresponding quarter of the last financial year.
The company in its filing to the exchanges said that its revenue stood at Rs 51,524 crore in Q4, up 29% YoY and 12% QoQ. But this was total segment revenue from continued and discontinued operations.
Vedanta also posted its best-ever Earnings Before Interest, Taxes, depreciation and Amortisation (EBITDA) at Rs 18,447 crore, rising 59% YoY and 22% QoQ, while the EBITDA margin rose 44%, up by 915 bps YoY and 306 bps QoQ.
Among other major key takeaways, Vedanta posted a record Return on Capital Employed (RoCE) at 32%, which improved by 539 bps YoY. The free cash flow (pre-capex) stood at Rs 11,930 crore, up 53% YoY.
The net debt/EBITDA ratio was reported at 0.95X in the quarter under review, best in 14 quarters. The company said that it improved significantly from 1.22X in Q4FY25.The strong topline growth is attributed to higher LME, volumes, premium, and forex gain, the company filing said.
For the full financial year, revenue was reported at Rs 1,74,075 crore, up 15% YoY, while annual EBITDA stood at Rs 55,976 crore, gaining 29% YoY.
The full-year PAT stood at Rs 25,096 crore, recording a 22% YoY uptick.
Total capital expenditure in the year stood at Rs 14,918 crores, focused on volume expansion, cost compression, and supply chain integration. Meanwhile, company Cash & Cash Equivalent stood at Rs 28,485, improving by 38% YoY on the back of free cash flow (pre-capex) of Rs 26,013 crore.
Vedanta’s demerger will become effective from May 1, 2026.
Management Commentary
CFO Ajay Goel said that the quarter marks a defining point for Vedanta, with the delivery of its strongest-ever financial performance, recording all-time highs in revenue, EBITDA, and PAT for both the quarter and the full year, and a clear positioning for the next phase of growth with demerger effective from May 1.
“Our balance sheet strengthened further with Net Debt to EBITDA improving to 0.95x, from 1.22x a year ago, and both CRISIL and ICRA reaffirming VEDL’s credit rating as AA / Watch with Developing Implications. Pursuing growth with capex investment of ₹14,918 crore in the year, we continued to reward our shareholders, paying a handsome dividend of Rs 34/share and delivering a TSR of 48.6%,” Goel said.