Vedanta Ltd. Q3 FY2026 results: revenue ₹23,369 crore
Vedanta Ltd. (VEDL) reported consolidated revenue from operations of ₹23,369 crore for Q3 FY2026, the quarter ended 31 December 2025. Profit after tax was ₹7,807 crore, and earnings per share ₹5.45. The figures are the company's own, from the un-audited results it filed with NSE on 29 January 2026.
The quarter, against the one before and a year earlier
| Line | Q3 FY2026 | Q2 FY2026 | A year earlier | Change on the year |
|---|---|---|---|---|
| Revenue from operations | 23,369 | 39,868 | n/a | n/a |
| Other income | 492 | 596 | n/a | n/a |
| Total income | 23,861 | 40,464 | n/a | n/a |
| Cost of materials consumed | 8,735 | 12,987 | n/a | n/a |
| Purchases of stock-in-trade | 24 | 43 | n/a | n/a |
| Changes in inventories | -291 | 107 | n/a | n/a |
| Employee benefit expense | 431 | 892 | n/a | n/a |
| Finance costs | 989 | 2,110 | n/a | n/a |
| Depreciation, depletion and amortisation | 1,424 | 2,868 | n/a | n/a |
| Other expenses | 5,256 | 8,539 | n/a | n/a |
| Total expenses | 18,916 | 33,449 | n/a | n/a |
| Profit before exceptional items and tax | 4,945 | 7,015 | n/a | n/a |
| Exceptional items | -199 | -2,067 | n/a | n/a |
| Profit before tax | 4,746 | 4,948 | n/a | n/a |
| Current tax | 846 | 1,631 | n/a | n/a |
| Deferred tax | 228 | -163 | n/a | n/a |
| Total tax | 1,074 | 1,468 | n/a | n/a |
| Profit after tax | 7,807 | 3,479 | n/a | n/a |
| Attributable to owners of the parent | 5,710 | 1,798 | n/a | n/a |
| Other comprehensive income | -1,297 | 142 | n/a | n/a |
| Total comprehensive income | 6,510 | 3,621 | n/a | n/a |
| EPS, basic | ₹5.45 | ₹4.61 | n/a | n/a |
| EPS, diluted | ₹5.41 | ₹4.56 | n/a | n/a |
₹ crore except per share.
Leverage, as the company states it
| Line | Q3 FY2026 | Q2 FY2026 | A year earlier | Change on the year |
|---|---|---|---|---|
| Debt to equity | 1.33 | 1.54 | n/a | |
| Debt service coverage | 2.34 | 1.77 | n/a | |
| Interest service coverage | 6.77 | 4.99 | n/a |
Debt to equity, debt service coverage and interest service coverage are the figures the company prints in its result statement under the listing regulations.
Segments, Q3 FY2026
| Segment | Revenue ₹ crore | Share of segment revenue | Result ₹ crore | Result over revenue |
|---|---|---|---|---|
| Zinc,Lead and Silver | 10,608 | 22.6% | 5,118 | 48.2% |
| Zinc-International | 1,299 | 2.8% | 187 | 14.4% |
| Oil & Gas | 2,366 | 5.0% | 437 | 18.5% |
| Aluminium | 16,866 | 35.9% | 6,413 | 38.0% |
| Copper | 8,643 | 18.4% | -30 | -0.3% |
| Iron Ore | 1,953 | 4.2% | 223 | 11.4% |
| Power | 2,063 | 4.4% | 176 | 8.5% |
| Others | 3,140 | 6.7% | -78 | -2.5% |
Segment revenue and segment result as the company filed them, before inter-segment eliminations; share and result over revenue are arithmetic on those.
Quarterly results, the last 12 quarters
| Q3 FY2022 | Q4 FY2022 | Q1 FY2023 | Q3 FY2023 | Q1 FY2024 | Q2 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | Q3 FY2026 | Q4 FY2026 | Q1 FY2027 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 34,097 | 39,822 | 191 | 33,691 | 33,733 | 37,634 | 40,455 | 37,824 | 39,868 | 23,369 | 24,609 | 24,205 |
| Expenses | 26,845 | 29,901 | 116 | 31,327 | 31,973 | 33,169 | 34,560 | 32,756 | 33,449 | 18,916 | 19,119 | 17,558 |
| Operating profit | 10,742 | 13,633 | 165 | 6,656 | 6,420 | 9,828 | 11,466 | 9,918 | 11,397 | 6,866 | 7,559 | 8,501 |
| OPM % | 32% | 34% | 86% | 20% | 19% | 26% | 28% | 26% | 29% | 29% | 31% | 35% |
| Other income | 577 | 611 | 0 | 1,127 | 546 | 1,300 | 761 | 985 | 596 | 492 | 418 | 542 |
| Interest | 1,216 | 1,333 | 89 | 1,572 | 2,110 | 2,667 | 2,583 | 2,026 | 2,110 | 989 | 737 | 662 |
| Depreciation | 2,274 | 2,379 | 0 | 2,720 | 2,550 | 2,696 | 2,988 | 2,824 | 2,868 | 1,424 | 1,332 | 1,192 |
| Exceptional items | -37 | -336 | 0 | 903 | 1,780 | 1,868 | 0 | 0 | -2,067 | -199 | 0 | 0 |
| Profit before tax | 7,792 | 10,196 | 75 | 4,394 | 4,086 | 7,633 | 6,656 | 6,053 | 4,948 | 4,746 | 5,908 | 7,189 |
| Tax % | 31% | 29% | 24% | 30% | 19% | 27% | 25% | 26% | 30% | 23% | 28% | 26% |
| Net profit | 5,354 | 7,261 | 57 | 3,091 | 3,308 | 5,603 | 4,961 | 4,457 | 3,479 | 7,807 | 9,352 | 7,918 |
| EPS in ₹ | ₹11.24 | ₹15.66 | ₹1.25 | ₹6.64 | ₹7.11 | ₹11.26 | ₹8.92 | ₹8.15 | ₹4.61 | ₹5.45 | ₹5.95 | ₹7.95 |
| Filing | NSE | NSE | NSE | NSE | NSE | NSE | Filing | Filing | Filing | Filing | Filing | Filing |
₹ crore except per share, consolidated, as filed with the exchange. Operating profit is sales less the expenses other than interest and depreciation, OPM is that over sales, and tax % is tax over profit before tax: arithmetic on the filed lines; everything else is as filed. Quarters before December 2024 are from the exchange's earlier results feed, which carries the filed lines without the filing itself; the column links to the exchange's page for the company.
Source
Un-audited consolidated results for the quarter ended 31 December 2025, filed with NSE on 29 January 2026: the result statement. All of Vedanta Ltd.'s results: NSE company page.
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