Vedanta Q1 FY27: Record profitability, stronger balance sheet, and a clearer post-demerger story
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Frequently Asked Questions
Revenue was INR 23,456 crore, EBITDA INR 8,469 crore, and PAT INR 5,294 crore. EBITDA margin was about 57% (noted as excluding copper).
Net debt was INR 8,299 crore as of 30 June 2026, down by INR 2,223 crore in the quarter. Net debt to EBITDA was reported at 0.30x.
Zinc India INR 12,985 crore, Zinc International INR 1,392 crore, FACOR INR 389 crore, and Copper INR 8,538 crore.
Hot Acid Leaching Technology and the 510 KTPA fertilizer project at Zinc India are scheduled for Q2 FY27; Gamsberg Phase 2 first ore charge is scheduled for Aug 2026 with ramp-up targeted in Q2 FY27; VCI rod mill completion targeted by Sep 2026.
Sales were impacted due to closure of the Strait of Hormuz; management said operations have been revived and target a 20+ kt quarterly run rate by Q3 FY27.
Management stated growth capex is about INR 7,000 crore and maintenance capex about INR 4,000 crore for FY27.
A disclosure under Takeover Regulations described conditions and arrangements under a $1.0 billion facility agreement that are likely to fall within the definition of encumbrance over VEDL shares held via VRL group entities, covering 54.72% of VEDL equity.
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