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Vedanta Ltd is up for a third straight session in a row. The stock is quoting at Rs 237.35, up 1.19% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.7% on the day, quoting at 23097.15. The Sensex is at 74679.77, up 0.71%. Vedanta Ltd has dropped around 5.83% in last one month.
Meanwhile, Nifty Metal index of which Vedanta Ltd is a constituent, has dropped around 5.14% in last one month and is currently quoting at 11848.45, down 0.24% on the day. The volume in the stock stood at 66.33 lakh shares today, compared to the daily average of 111.52 lakh shares in last one month.
The benchmark November futures contract for the stock is quoting at Rs 237.9, up 0.72% on the day. Vedanta Ltd is up 28.51% in last one year as compared to a 10.21% fall in NIFTY and a 11.39% fall in the Nifty Metal index.
The PE of the stock is 44.74 based on TTM earnings ending September 26.
Revenue from operations climbed 57% year on year and 10% quarter on quarter to a record Rs 25,812 crore.
EBITDA more than doubled, rising 106% year on year and 17% quarter on quarter to a record Rs 9,938 crore. The EBITDA margin, excluding the copper business, stood at 60%, expanding 1,055 basis points year on year and 293 basis points quarter on quarter.
Vedanta reduced its net debt by Rs 4,624 crore quarter on quarter to Rs 3,675 crore at the end of September 2026, compared with Rs 8,299 crore in June 2026. Its net debt-to-EBITDA ratio improved to 0.1x from 0.3x in Q1 FY27.
Free cash flow before capital expenditure stood at Rs 5,803 crore in Q2 FY27, compared with Rs 4,412 crore in the previous quarter. Cash and cash equivalents increased to Rs 26,622 crore from Rs 19,992 crore at the end of Q1 FY27.
The company invested Rs 1,135 crore in growth capital expenditure during the quarter. Its board also declared an interim dividend of Rs 5 per share.
Operationally, Zinc India's mined metal production reached a quarterly record of 271 kilotonnes, up 5% year on year. Silver production increased 20% to 173 tonnes. Zinc International commissioned Phase II of its Gamsberg project, adding 200 kilotonnes per annum of mined metal concentrate capacity and taking its total capacity to 500 kilotonnes per annum.
FACOR recorded ore production of 50 kilotonnes, up 6% year on year, while ferrochrome production rose 26% to 24 kilotonnes. Dispatch volumes at Vizag General Cargo Berth increased 26% to a record 1.74 million tonnes.
The company said ICRA and CRISIL reaffirmed its credit rating at AA+/Stable.
Vedanta is a global producer of metals, critical minerals and technology, with operations across India, Africa, the Middle East and East Asia.
Vedanta Group's flagship company, Vedanta announced the doubling of its annual zinc production capacity to 500,000 tonnes at its South Africa zinc operations. This is through an investment of nearly US$ 600 Mn at Gamsberg (Phase II) at Vedanta Zinc International (VZI).
Gamsberg, in South Africa's Northern Cape province, has one of the world's most significant zinc deposits and VZI's flagship zinc mine. This expansion marks one of the largest mining investments in South Africa in this decade. The expansion further advances Vedanta's position as the world's largest zinc producer, with a vision of achieving 3 million tonnes of annual production across India and South Africa.
Of this, 2 million tonnes are targeted from its subsidiary, Hindustan Zinc, while Vedanta Zinc International business aims to contribute 1 million tonnes annually.
This expansion forms part of the ZAR 21 Bn (nearly US$ 1.5 Bn) investment commitment Vedanta made at the 2018 South Africa Investment Conference. At last month's 18th BRICS Summit in New Delhi, President Ramaphosa called for increased Indian investment in key South African industries. Vedanta's continued investment in the Northern Cape demonstrates the tangible value of this growing economic partnership.
Vedanta is a step-down subsidiary of Vedanta Resources. Vedanta houses the Group’s base metals portfolio, including Zinc India, Zinc International, copper and other emerging businesses such as nickel. The entity, through its subsidiary Hindustan Zinc, is among the largest producers of zinc, lead and silver, commanding a strong market position in India.
The company had reported 152% jump in consolidated net profit to Rs 5,294 crore in Q1 FY27 from Rs 2,102 crore in Q1 FY26. Consolidated revenue for the period under review was Rs 23,456 crore, up 51% YoY.
The scrip declined 3.10% to settle at Rs 253.10 on the BSE.