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Vedanta Ltd

Q1 FY26Diversified Metals

Vedanta Q1 FY26 earnings call: Revenue & Margins

Q1 FY26 earnings call: what management said on revenue, margins and capex.

Price₹279
Market cap₹1.0L Cr
P/E9.5
Updated23 Aug 2026
Read5 min read

Vedanta Ltd Q1 FY26 key numbers

Revenue
Zinc India: Targeting commissioning of a 160,000 ton per annum roaster and expansion to over 1.2 million tons refined metal production.

As stated in Vedanta Ltd's Q1 FY26 earnings call transcript · published 7 Aug 2026. Reported figures, not investment advice.

The short version

Zinc India: Targeting commissioning of a 160,000 ton per annum roaster and expansion to over 1.2 million tons refined metal production. Vedanta Limited reported a 13% YoY growth in adjusted PAT to Rs.

From Vedanta Ltd's Q1 FY26 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

  • Zinc India: Targeting commissioning of a 160,000 ton per annum roaster and expansion to over 1.2 million tons refined metal production.
  • Zinc International: Gamsberg Phase-2 project nearing completion, increasing mine capacity to 525,000 tons/year.
  • Oil & Gas: Targeting 95,000 to 100,000 barrels of oil equivalent per day for FY ’26 with volume gains from new well drilling and ASP injections.
  • Aluminum: Aiming 3 to 3.1 million tons alumina production with expansion projects like Lanjigarh Train II and Balco smelter. Expected decline in alumina cost per ton.
  • Power: Adding 1,300 MW of new capacity in Q2 FY ’26 with Meenakshi and Athena power plants fully commissioning units.

2 more points from Vedanta Ltd's call on revenue

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Profitability & Margins

See what Vedanta Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

  • Vedanta plans to invest about $2 billion in the Saudi copper projects, including a 400,000 tons per annum copper smelter and refinery, and a 300,000 tons copper rod project.
  • Zinc International's Gamsberg Phase-2 project is nearly 80% complete, targeting mechanical completion by December 2025, adding 4 million tons run of mine.
  • Hindustan Zinc Board approved first phase of capacity expansion to 2 million metric tons, investing $1.4 billion to add 250,000 tons capacity.
  • Vedanta aims to expand aluminum capacity to about 3.1 million tons and alumina capacity to 6 million tons by FY'27 (18 months timeline).
  • Power business is adding 1,300 MW new capacity in Q2 FY'26, with recent commissioning of 950 MW at Meenakshi and Athena plants.

2 more points from Vedanta Ltd's call on capex

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Top-ranked in Diversified Metals

Ranked on what management guided this quarter

Guidance-ranked
Rev 1Mar 3
2Pondy Oxides
Rev 2Mar 1
3
Rev 2Mar 2
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

See what Vedanta Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

It provides insights into ongoing and upcoming projects which imply a strong project pipeline: - Investment of about $2 billion planned for Saudi copper projects including a 400,000 tons per annum copper smelter and refinery and a 300,000 tons copper rod project. - Zinc India commissioning a 160,000 ton per annum roaster at Debari and capacity expansion to 1.2+ million tons refined metal. - Zinc International’s Gamsberg Phase-2 project to increase capacity to 525,000 tons per annum. - Oil and gas activities including ASP injection, deepwater drilling plans in KG Basin, and unconventional block exploration.

2 more points from Vedanta Ltd's call on order book

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Vedanta Ltd — Quarterly revenue & net profit

Revenue Net profit
Jun 2025Q1 FY26
Sep 2025Q2 FY26
Dec 2025Q3 FY26
Mar 2026Q4 FY26
Jun 2026Q1 FY27
Sep 2026Q2 FY27

Reported quarterly figures (₹ Cr). Latest (Q2 FY27): revenue ₹26.4K Cr, net profit ₹6.2K Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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Frequently Asked Questions

What were Vedanta Ltd Q1 FY26 results?

Zinc India: Targeting commissioning of a 160,000 ton per annum roaster and expansion to over 1.2 million tons refined metal production. Vedanta Limited reported a 13% YoY growth in adjusted PAT to Rs.

What is Vedanta Ltd share price analysis?

Vedanta Ltd currently shows a neutral. The stock trades at a P/E of 9.5 with a market cap of ₹104,603 Cr. Investors should review the full earnings analysis for detailed insights.

Is Vedanta Ltd planning capital expenditure?

Vedanta plans to invest about $2 billion in the Saudi copper projects, including a 400,000 tons per annum copper smelter and refinery, and a 300,000 tons copper rod project.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.