Shares of Anil Agarwal-owned mining Conglomerate Vedanta Ltd. reported results for the September quarter that were higher on a year-on-year basis across parameters. The company also reported record quarterly flashes.
Vedanta reported a net profit of ₹6,202 crore, which is the highest on record for the company, and implies a growth of 17% from June quarter’s profit figure of ₹5,294 crore.
Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) for the quarter increased by 16.6% to ₹9,915 crore, from ₹8,501 crore during the June quarter.
EBITDA margin expanded by 260 basis points to 37.6% from 35% in the previous quarter.
Revenue for the mining conglomerate stood at ₹26,356 crore, a growth of 8.9% from ₹24,205 crore that it reported in June.
Vedanta managed to reduce its net debt at the end of the September quarter by ₹4,624 crore, bringing the figure down to ₹3,675 crore, from ₹8,299 crore in June 2026, majorly through cash flows from operations.
The company generated strong pre-capex free cash flow of ₹5,803 crore, compared to ₹4,414 crore in June.
For Vedanta’s Copper India business, sales in the September quarter stood at 52 KT, showing a growth of 16% from last year. For the first half of the financial year, the growth figure stood at 9%. Copper International’s sales were down 74% from last year and 43% sequentially to 6 KT.
For the Ports business, the dispatch volumes of 1.74 MMT was at a record level, increasing by 26% from last year. For the first half, that figure stood at 18% to 3.39 MMT.
Shares of Vedanta are trading 2.4% higher after the results announcement at ₹231. The stock has dropped 11% in the last one month, in-line with most other metal stocks, owing to a stronger dollar and other global headwinds.
This story will be updated with more details.