Vedanta Latest Updates

Q2 FY26 Financial and Operational Performance Vedanta Limited reported a consolidated net profit of ₹3,479 crore for Q2 FY26, a significant decline of about 38% year-on-year, primarily due to a large exceptional item outgo of ₹2,067 crore related to an adverse Supreme Court ruling on a power benefit claim and an arbitration settlement. However, the company achieved its highest-ever Q2 revenue of ₹39,218 crore (up 6% YoY) and EBITDA of ₹11,612 crore (up 12% YoY), driven by strong operational performance, especially in the Aluminium and Zinc segments, higher premiums, and forex gains. The company also declared an interim dividend of ₹16 per share. Corporate Restructuring and Demerger The proposed mega-demerger plan to separate the business into six independent listed entities is moving forward. The Securities and Exchange Board of India (SEBI) has recently approved the documentation for the demerger scheme, marking a key regulatory milestone. The focus now shifts to the National Company Law Tribunal (NCLT) for the final approval, though the overall process has faced some delays and the deadline for certain conditions has been extended. Strategic Investments and Debt Management Vedanta has announced a plan to invest an additional ₹1 lakh crore in Odisha, including two new aluminium parks and a ferro-alloys plant. In terms of financials, the parent company, Vedanta Resources Ltd (VRL), successfully raised $500 million through a bond issuance in October, which helps in debt refinancing, reduces the overall interest cost, and improves the average debt maturity, reassuring investors about the group's financial stability.