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Q3 FY26Diversified Metals

Vedanta Q3 FY26 earnings call: Revenue & Margins

Q3 FY26 earnings call: what management said on revenue, margins and capex.

Price₹279
Market cap₹1.0L Cr
P/E9.5
Updated23 Aug 2026
Read4 min read

Vedanta Ltd Q3 FY26 key numbers

Revenue
Aluminum production is set to increase with BALCO project ramp-up to 1 lakh tons by March and further increase thereafter, aiming for 2.8 million tons post-BALCO and eventually 3 million tons.

As stated in Vedanta Ltd's Q3 FY26 earnings call transcript · published 7 Aug 2026. Reported figures, not investment advice.

The short version

Vedanta targets a lifetime high annual EBITDA of over $6 billion for FY26, surpassing earlier guidance. Vedanta expects to surpass Q3 FY26 EBITDA levels in Q4, targeting a lifetime high annual EBITDA of over $6 billion.

From Vedanta Ltd's Q3 FY26 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

  • Vedanta targets a lifetime high annual EBITDA of over $6 billion for FY26, surpassing earlier guidance.
  • Aluminum production is set to increase with BALCO project ramp-up to 1 lakh tons by March and further increase thereafter, aiming for 2.8 million tons post-BALCO and eventually 3 million tons.
  • Captive alumina output is expected to reach around 3 million tons for the full year, a new record.
  • Zinc International’s Gamsberg Phase-II project is nearly 90% complete, commissioning expected next quarter, driving volumes higher.
  • Oil & Gas production targets include stabilizing and increasing output toward 90,000 barrels per day, with significant new reserves from Ambe and Northeast projects projected to boost volumes.

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

  • Invested about $1.3 billion in strategic growth CAPEX across aluminum, zinc, oil & gas, and power in the first nine months of FY26.
  • On track to invest approximately $1.7 billion for the full fiscal year FY26.
  • Key projects progressing into FY27 include:
  • Commissioning of Sijimali bauxite mine.
  • Start of operations at Ghogharpalli coal mines.
  • Commissioning of second 600 MW turbine at Athena power plant.
  • 510,000 tons per annum fertilizer project at Hindustan Zinc.
  • 250,000 and 510,000 tons per annum Value-Added Business (VAB) projects at Jharsuguda and BALCO respectively.
  • Phase-II commissioning at Gamsberg mine.
  • 420,000 tons per annum DI pipe plant in Goa.

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
1Innomet Advanced
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

See what Vedanta Ltd said on order book & pipeline — free account, 30 seconds.

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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What Vedanta's management said in earlier quarters

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  • Pondy Oxides (Q3 FY26)

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Frequently Asked Questions

What were Vedanta Ltd Q3 FY26 results?

Vedanta targets a lifetime high annual EBITDA of over $6 billion for FY26, surpassing earlier guidance. Vedanta expects to surpass Q3 FY26 EBITDA levels in Q4, targeting a lifetime high annual EBITDA of over $6 billion.

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?

Invested about $1.3 billion in strategic growth CAPEX across aluminum, zinc, oil & gas, and power in the first nine months of FY26.

Keep Vedanta Ltd on your radar — track it to get its next earnings analysis in your feed.

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.