Vedanta

Vedanta delivered a record FY26 with ₹1.74 lakh croreCurrent reported value: ₹1.74 lakh crore. No comparable prior figure is available in the source record. revenue (+15Current reported value: 15. No comparable prior figure is available in the source record.% YoY), ₹55,976 crore EBITDACurrent reported value: ₹55,976 crore EBITDA. No comparable prior figure is available in the source record. (+29% YoY), and ₹25,096 crore PATCurrent reported value: ₹25,096 crore PAT. No comparable prior figure is available in the source record. (+22Current reported value: 22. No comparable prior figure is available in the source record.% YoY). Q4 EBITDA margin expanded 915 bps YoYCurrent reported value: 915 bps YoY. No comparable prior figure is available in the source record. to 32.2%, driven by record aluminium production (2.9Mt, +48% YoY), lowest zinc cost ($959/t), and strong volume growth across segments. The demerger is on track for listing by mid-June, with each entity having a tailored capital structure (e.g., oil & gas near zero debt). Guidance includes aluminium cost reduction to $1,650-1,700/t in FY27 and H2 ramp-up of new smelters. Key risk: delays in coal mine approvals (Sigimal, Gare) could impact captive power cost savings.