New Delhi: Vedanta Limited posted strong growth in its oil & gas and power businesses in the first quarter of FY26, helping offset sluggish performance in some of its metals segments. Revenue from the oil & gas business stood at Rs 2,303 crore, down 21 percent year-on-year, but segment EBITDA rose 17 percent to Rs 1,268 crore, indicating improved cost efficiencies and realisations.
The power business was one of the strongest performers of the quarter, with revenue rising 23 percent year-on-year to Rs 2,073 crore and EBITDA surging 63 percent to Rs 460 crore. The company’s power operations, which include commercial generation outside its captive units, benefited from increased demand and stable fuel supply.
Vedanta’s aluminium business reported revenue of Rs 14,556 crore, up 8 percent from the same quarter last year, with segment EBITDA nearly flat at Rs 4,462 crore. The zinc and silver business in India posted a 4 percent decline in revenue to Rs 7,542 crore, while EBITDA fell marginally to Rs 3,815 crore.
International zinc operations showed improvement, with revenue growing 53 percent year-on-year to Rs 1,150 crore and EBITDA more than doubling to Rs 422 crore, supported by higher volumes and pricing.
The iron ore segment delivered modest gains in profitability, with EBITDA rising 11 percent to Rs 204 crore. However, the copper business continued to be loss-making, with a segment EBITDA of negative Rs 26 crore in Q1 FY26, although losses narrowed compared to the year-ago period.
At a consolidated level, Vedanta posted revenue of Rs 37,824 crore, up 6 percent year-on-year. Consolidated EBITDA rose 5 percent to Rs 10,746 crore, while profit after tax declined 12 percent to Rs 4,457 crore, largely due to higher tax expenses and increased depreciation.
Chairman Anil Agarwal expressed confidence in the group’s long-term prospects: “Vedanta continues to demonstrate resilience and growth across its diversified portfolio. Our businesses are well-positioned to capitalise on India’s economic growth, and we remain focused on creating long-term value for all stakeholders.”
The company also highlighted progress on its planned demerger of core verticals such as aluminium, oil & gas, power, and iron ore into standalone listed entities, with hearings on the updated scheme expected to continue through August.