Risks
4 risks
Risk Intelligence
Athena power plant incident impact
View Risks →
Vedanta Limited — Q4 FY26
Vedanta delivered a record FY26 with ₹1.74 lakh crore revenue (+15% YoY), ₹55,976 crore EBITDA (+29% YoY), and ₹25,096 crore PAT (+22% YoY).
bullish
high
✓ Verified against BSE filing
2-Minute Summary
✦ AI-Generated from Full Transcript
Vedanta delivered a record FY26 with ₹1.74 lakh crore revenue (+15% YoY), ₹55,976 crore EBITDA (+29% YoY), and ₹25,096 crore PAT (+22% YoY). Q4 EBITDA margin expanded 915 bps YoY 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.
Risks4 trackedTranscriptfull text
Research workspace
Focused Modules
Transcript
Full text
Call Transcript
Full transcript text is available on this route.
Read Transcript →Quarter Snapshot
Aluminium Production
2.9M tons
+48% YoY
Record annual production driven by new smelter ramp-up and operational efficiency.
Zinc India Mined Metal Cost
$959/ton
-9% YoY
Lowest cost in 5 years, supported by higher volumes and cost control.
Zinc International Mined Metal Production
225,000 tons
+27% YoY
Gains from Hamsburg ramp-up; phase 2 expansion 94% complete.
Power Sales
16.44B units
+30% YoY
Growth from Athena and Minakshi plants; average NSR up 31%.
Fast read
Guidance and risk preview
Management expects aluminium cost of production to decline to $1,650-1,700 per ton in FY27, with H1 flat to 1% lower vs Q4 FY26.
The boiler accident at Athena plant has halted operations; restart timeline is uncertain pending assessment, potentially affecting power segment ea...
View Risks →