VEDL2026-07-012026-09-30VEDL2026-09-30VEDL2026-03-31VEDL2026-04-012026-09-30VEDL2026-07-012026-09-30in-capmkt:OtherExpenses1MemberVEDL2026-07-012026-09-30in-capmkt:OtherExpenses2MemberVEDL2026-04-012026-09-30in-capmkt:OtherExpenses1MemberVEDL2026-04-012026-09-30in-capmkt:OtherExpenses2MemberVEDL2026-09-30OtherNoncurrentFinancialAssetsDomain1VEDL2026-09-30OtherNoncurrentFinancialAssetsDomain2VEDL2026-09-30OtherNoncurrentAssetsDomain1VEDL2026-09-30OtherNoncurrentAssetsDomain2VEDL2026-09-30OtherCurrentFinancialAssetsDomain1VEDL2026-09-30OtherCurrentFinancialAssetsDomain2VEDL2026-09-30OtherCurrentAssetsDomain1VEDL2026-09-30OtherNoncurrentFinancialLiabilitiesDomain1VEDL2026-09-30OtherNoncurrentFinancialLiabilitiesDomain2VEDL2026-09-30OtherNoncurrentFinancialLiabilitiesDomain3VEDL2026-09-30OtherNoncurrentLiabilitiesDomain1VEDL2026-09-30OtherCurrentFinancialLiabilitiesDomain1VEDL2026-09-30OtherCurrentFinancialLiabilitiesDomain2VEDL2026-09-30OtherCurrentFinancialLiabilitiesDomain3VEDL2026-09-30OtherCurrentFinancialLiabilitiesDomain4VEDL2026-09-30OtherCurrentLiabilitiesDomain1VEDL2026-07-012026-09-30in-capmkt:ReportableSegments1MemberVEDL2026-07-012026-09-30in-capmkt:ReportableSegments2MemberVEDL2026-07-012026-09-30in-capmkt:ReportableSegments3MemberVEDL2026-07-012026-09-30in-capmkt:ReportableSegments4MemberVEDL2026-07-012026-09-30in-capmkt:ReportableSegments5MemberVEDL2026-07-012026-09-30in-capmkt:ReportableSegments6MemberVEDL2026-07-012026-09-30in-capmkt:ReportableSegments7MemberVEDL2026-07-012026-09-30in-capmkt:ReportableSegments8MemberVEDL2026-04-012026-09-30in-capmkt:ReportableSegments1MemberVEDL2026-04-012026-09-30in-capmkt:ReportableSegments2MemberVEDL2026-04-012026-09-30in-capmkt:ReportableSegments3MemberVEDL2026-04-012026-09-30in-capmkt:ReportableSegments4MemberVEDL2026-04-012026-09-30in-capmkt:ReportableSegments5MemberVEDL2026-04-012026-09-30in-capmkt:ReportableSegments6MemberVEDL2026-04-012026-09-30in-capmkt:ReportableSegments7MemberVEDL2026-04-012026-09-30in-capmkt:ReportableSegments8MemberVEDL2026-07-012026-09-30in-capmkt:ReportableSegments1MemberVEDL2026-07-012026-09-30in-capmkt:ReportableSegments2MemberVEDL2026-07-012026-09-30in-capmkt:ReportableSegments3MemberVEDL2026-07-012026-09-30in-capmkt:ReportableSegments4MemberVEDL2026-07-012026-09-30in-capmkt:ReportableSegments5MemberVEDL2026-07-012026-09-30in-capmkt:ReportableSegments6MemberVEDL2026-07-012026-09-30in-capmkt:ReportableSegments7MemberVEDL2026-07-012026-09-30in-capmkt:ReportableSegments8MemberVEDL2026-04-012026-09-30in-capmkt:ReportableSegments1MemberVEDL2026-04-012026-09-30in-capmkt:ReportableSegments2MemberVEDL2026-04-012026-09-30in-capmkt:ReportableSegments3MemberVEDL2026-04-012026-09-30in-capmkt:ReportableSegments4MemberVEDL2026-04-012026-09-30in-capmkt:ReportableSegments5MemberVEDL2026-04-012026-09-30in-capmkt:ReportableSegments6MemberVEDL2026-04-012026-09-30in-capmkt:ReportableSegments7MemberVEDL2026-04-012026-09-30in-capmkt:ReportableSegments8MemberVEDL2026-07-012026-09-30in-capmkt:ReportableSegments1MemberVEDL2026-09-30in-capmkt:ReportableSegments1MemberVEDL2026-07-012026-09-30in-capmkt:ReportableSegments2MemberVEDL2026-09-30in-capmkt:ReportableSegments2MemberVEDL2026-07-012026-09-30in-capmkt:ReportableSegments3MemberVEDL2026-09-30in-capmkt:ReportableSegments3MemberVEDL2026-07-012026-09-30in-capmkt:ReportableSegments4MemberVEDL2026-09-30in-capmkt:ReportableSegments4MemberVEDL2026-07-012026-09-30in-capmkt:ReportableSegments5MemberVEDL2026-09-30in-capmkt:ReportableSegments5MemberVEDL2026-07-012026-09-30in-capmkt:ReportableSegments6MemberVEDL2026-09-30in-capmkt:ReportableSegments6MemberVEDL2026-07-012026-09-30in-capmkt:ReportableSegments7MemberVEDL2026-09-30in-capmkt:ReportableSegments7MemberVEDL2026-07-012026-09-30in-capmkt:ReportableSegments8MemberVEDL2026-09-30in-capmkt:ReportableSegments8MemberVEDL2026-07-012026-09-30in-capmkt:ReportableSegments1MemberVEDL2026-09-30in-capmkt:ReportableSegments1MemberVEDL2026-07-012026-09-30in-capmkt:ReportableSegments2MemberVEDL2026-09-30in-capmkt:ReportableSegments2MemberVEDL2026-07-012026-09-30in-capmkt:ReportableSegments3MemberVEDL2026-09-30in-capmkt:ReportableSegments3MemberVEDL2026-07-012026-09-30in-capmkt:ReportableSegments4MemberVEDL2026-09-30in-capmkt:ReportableSegments4MemberVEDL2026-07-012026-09-30in-capmkt:ReportableSegments5MemberVEDL2026-09-30in-capmkt:ReportableSegments5MemberVEDL2026-07-012026-09-30in-capmkt:ReportableSegments6MemberVEDL2026-09-30in-capmkt:ReportableSegments6MemberVEDL2026-07-012026-09-30in-capmkt:ReportableSegments7MemberVEDL2026-09-30in-capmkt:ReportableSegments7MemberVEDL2026-07-012026-09-30in-capmkt:ReportableSegments8MemberVEDL2026-09-30in-capmkt:ReportableSegments8MemberVEDL2026-07-012026-09-30ItemsThatWillNotBeReclassifiedToProfitAndLoss1VEDL2026-04-012026-09-30ItemsThatWillNotBeReclassifiedToProfitAndLoss1VEDL2026-07-012026-09-30ItemsThatWillBeReclassifiedToProfitAndLoss1VEDL2026-04-012026-09-30ItemsThatWillBeReclassifiedToProfitAndLoss1VEDL2026-07-012026-09-30AuditorDomain1iso4217:INRxbrli:pureiso4217:INRxbrli:shares500295VEDLNOTLISTEDINE205A01025Vedanta LimitedMain BoardEquity2026-04-012027-03-312026-10-282026-10-22INRCroresQuarterlySecond quarterMulti segment2026-10-2813:00:002026-10-2814:00:00trueCash Flow IndirectDeclaration of unmodified opinion2026-07-012026-09-30UnauditedConsolidated2635600000005100000000268660000000924200000001720000000-671000000040900000006960000000133900000007289000000018476000000083900000000083900000000217800000001000000002188000000006202000000000006202000000010400000006306000000036500000000255200000003780000000025260000000391000000019.359.3009.359.30.01150.04870.1279Notes:- <br /> <br /> 1 The above consolidated results of Vedanta Limited ("the Company") and its subsidiaries ("the Group"), jointly controlled entities, and associates for the quarter and half year ended 30 September 2026 have been reviewed by the Audit and Risk Management Committee and approved by the Board of Directors in its meeting held on 28 October 2026. The statutory auditors have caried out a limited review on these results and issued an unmodified conclusion. <br /> 2 These results have been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standards ("Ind AS") notified under the Companies (Indian Accounting Standards) Rules, 2015. <br /> 3 Subsequent to the quarter ended 30 September 2026, the Board of Directors of the Company, on 08 October 2026, approved the first interim dividend of Rs. 5/- per equity share on face value on Rs. 1/- per equity share for FY 2026-27. <br /> 4 Net exceptional (loss)/gain : <br /> (Rs. in Crore) <br /> Particulars Quarter ended Half year ended Year ended <br /> "30.09.2026 <br /> (Unaudited)" "30.06.2026 <br /> (Unaudited)" "30.09.2025 <br /> (Unaudited)" "30.09.2026 <br /> (Unaudited)" "30.09.2025 <br /> (Unaudited)" "31.03.2026 <br /> (Audited)" <br /> <br /> Continuing Operations: <br /> Impact of state levies: Zinc - - - - - 56 <br /> Statutory impact of new Labour Codes - - - - - (36) <br /> Net exceptional gain - - - - - 20 <br /> Current tax (expense) on above - - - - - (6) <br /> Net deferred tax benefit on above - - - - - 1 <br /> Net exceptional gain (net of tax) from continuing operations (A): - - - - - 15 <br /> <br /> Discontinued Operations: <br /> Property, plant and equipment ("PPE"), capital work-in-progress ("CWIP") and other assets written back/ (written off) or (impaired)/ reversed: <br /> - Aluminium - - - - - (349) <br /> - Iron Ore - - - - - (1,471) <br /> Power Segment: <br /> - Trade receivables written off - - (1,407) - (1,407) (1,407) <br /> - Late Payment Surcharge - - - - - (215) <br /> - Capital creditor settlement - - (660) - (660) (660) <br /> Statutory impact of new Labour Codes - - - - - (96) <br /> Net exceptional (loss) - - (2,067) - (2,067) (4,198) <br /> Current tax benefit on above - - - - - 88 <br /> Net deferred tax benefit on above - - 520 - 520 598 <br /> Net exceptional (loss) (net of tax) from discontinuing operations (B): - - (1,547) - (1,547) (3,512) <br /> Less: Non-controlling interests on above (C) - - - - - 5 <br /> Net exceptional (loss), net of tax and non-controlling interests (A+B+C) - - (1,547) - (1,547) (3,502) <br /> <br /> "The Group has challenged the said letter before the Hon’ble Delhi High Court through a writ petition filed in September 2025, primarily on the grounds that the rejection is arbitrary and did not consider relevant factors under 2017 Extension policy. Pursuant to the Delhi High Court’s judgement dated 6 January 2026, notices have been issued in the matter and the parties have been directed to maintain status quo. Reply has been filed by the DGH and ONGC and Group has filed its rejoinder. DGH has also filed an application seeking vacation of the interim order. The matter is being heard. <br /> <br /> Based on provisions of PSC and its interpretation of 2017 extension policy, management believes that extension would be granted by MoPNG as the application for extension of the PSC was made in compliance with the timelines and criteria under the 2017 Extension Policy. Accordingly, no adjustments have been made to the Consolidated Financial results for the quarter and year ended 31 March 2026." <br /> 5 "The Hon'ble National Company Law Tribunal, Mumbai Bench, vide its Order dated 16 December 2025 and 9 January 2026, approved the Scheme of Arrangement inter-alia amongst Vedanta Limited, the Resulting Companies (i.e., Vedanta Aluminium Metal Limited (“VAML”), Vedanta Oil And Gas Limited (formerly known as Malco Energy Limited) (“VOGL”), Vedanta Iron and Steel Limited (“VISL”) and Vedanta Power Limited (formerly known as Talwandi Sabo Power Limited)) (“VPL”), their respective shareholders and creditors under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013 (""Scheme""), providing for the demerger of Vedanta Limited’s Aluminium (represented by the Aluminium segment), Oil & Gas (represented by the Oil and Gas segment), Iron Ore (represented by Iron Ore segment) and Merchant Power (represented by the Power segment) undertakings into VAML, VOGL, VISL and VPL respectively, on a going concern basis. The receipt of aforesaid NCLT approval, being one of the substantial approvals, meets the highly-probable criteria prescribed in Ind AS 105 ""Non-current Assets Held for Sale and Discontinued Operations"" for presentation of the Scheme as discontinued operations. Hence Aluminium, Oil and Gas, Iron Ore and Power undertakings have been disclosed as discontinued operations in standalone financial results. Accordingly, all previous period figures have also been re-presented/re-computed, where required. <br /> <br /> The Board of Directors, at its meeting held on 20 April 2026, has inter alia, approved 1 May 2026 as effective date and appointed date of the Scheme. The management has accounted for the demerger w.e.f. 1 May 2026, in accordance with the accounting treatment prescribed under the sanctioned Scheme as a common control transaction, whereby the assets and liabilities were transferred to the Resulting Companies at their respective book values without any gain/loss. <br /> " <br /> "Accordingly, the results of the Discontinued Operation pertain only to the period from 1 April 2026 to 30 April 2026. Therefore, the figures for the current period are not comparable with those of the previous/ corresponding periods. <br /> Further, as of 31 March 2026, debt allocation between continuing and discontinued operations was based on management’s best estimate. Following finalization of the debt allocation between the Company and the Resulting Companies, as aligned with the concerned lenders pursuant to the demerger, comparative debt balances and related finance costs for the quarter and year ended of comparative periods have been reallocated regrouped between continuing and discontinued operations. <br /> <br /> Also, as required by the Scheme, all rights, obligations and contingent liabilities (including proceedings before judicial and regulatory authorities) have also been transferred to respective Resulting Company from the Effective Date. Consequently, financial impact of outcome of such proceedings after the Effective Date is not required to be recognised in these results. <br /> " <br /> Brief particulars of the Discontinued Operations IND AS 105 - Non-current Assets Held for Sale and Discontinued Operations are given below. <br /> <br /> (A) Carrying value of net assets of the Demerged Undertaking (net of inter segment balances) as at 31 March 2026 (Rs. in Crore) <br /> Particulars Oil and Gas Undertaking "Aluminium <br /> undertaking" Iron Ore & Steel Undertaking Power Undertaking Total <br /> A ASSETS <br /> Non-current assets <br /> (a) Property, plant and equipment 9,195 54,837 6,531 11,882 82,445 <br /> (b) Capital work-in-progress 6,219 9,316 2,755 1,703 19,993 <br /> (c) Intangible assets 53 912 522 2 1,489 <br /> (d) Exploration intangible assets under development 2,571 1,163 - - 3,734 <br /> (e) Investments accounted for using the equity method - - - - - <br /> (f) Financial assets <br /> (i) Investments 25 849 - - 874 <br /> (ii) Loans - - - - - <br /> (iii) Trade receivables - 133 - 1,017 1,150 <br /> (iv) Derivatives - 229 - - 229 <br /> (v) Others 2,516 1,138 120 30 3,804 <br /> (g) Deferred tax assets (net) - - 1,990 376 2,366 <br /> (h) Income tax assets (net) - - 134 2 136 <br /> (i) Other non-current assets 182 2,180 624 96 3,082 <br /> Total non-current assets 20,761 70,757 12,676 15,108 1,19,302 <br /> <br /> Current assets <br /> (a) Inventories 728 6,871 1,897 515 10,011 <br /> (b) Financial assets <br /> (i) Investments 990 2,597 308 7 3,902 <br /> (ii) Trade receivables 809 2,417 292 1,225 4,743 <br /> (iii) Cash and cash equivalents 1,134 1,474 1,033 798 4,439 <br /> (iv) Other bank balances 3,190 268 229 30 3,717 <br /> (v) Loans 727 1 1,316 - 2,044 <br /> (vi) Derivatives - 358 12 - 370 <br /> (vii) Others 7,063 1,377 213 3 8,656 <br /> (c) Income tax assets (net) - - - 6 6 <br /> (d) Other current assets 130 887 686 347 2,050 <br /> Total current assets 14,771 16,250 5,986 2,931 39,938 <br /> Total Assets 35,532 87,007 18,662 18,039 1,59,240 <br /> B LIABILITIES <br /> Non-current liabilities <br /> (a) Financial liabilities <br /> (i) Borrowings 2,537 26,214 1,161 7,068 36,980 <br /> (ii) Lease liabilities 94 70 580 32 776 <br /> (iii) Derivatives - - - - - <br /> (iv) Other financial liabilities 4 342 230 - 576 <br /> (b) Provisions 2,323 311 302 10 2,946 <br /> (c) Deferred tax liabilities (net) 3,088 5,564 82 34 8,768 <br /> (d) Other non-current liabilities - 3,222 35 29 3,286 <br /> Total non-current liabilities 8,046 35,723 2,390 7,173 53,332 <br /> <br /> Current liabilities <br /> (a) Financial liabilities <br /> (i) Borrowings 1,878 11,478 3,517 1,398 18,271 <br /> (ii) Lease liabilities 54 21 525 8 608 <br /> (iii) Operational buyers' credit / suppliers' credit 66 4,073 2,110 908 7,157 <br /> (iv) Trade payables 1,173 3,444 1,130 347 6,094 <br /> (v) Derivatives - 4,017 - - 4,017 <br /> (vi) Other financial liabilities 7,325 3,235 1,111 752 12,423 <br /> (b) Other current liabilities 326 2,416 884 27 3,653 <br /> (c) Provisions 72 194 339 2 607 <br /> (d) Income tax liabilities (net) 121 98 38 - 257 <br /> Total current liabilities 11,015 28,976 9,654 3,442 53,087 <br /> Total Liabilities 19,061 64,699 12,044 10,615 1,06,419 <br /> <br /> (B) Profit from Discontinued Operations: <br /> Oil and Gas Undertaking (Net of inter segment transactions) (Rs. in Crore) <br /> Particulars Quarter ended Half year ended Year ended <br /> "30.09.2026 <br /> (Unaudited)" "30.06.2026 <br /> (Unaudited)" "30.09.2025 <br /> (Unaudited)" "30.09.2026 <br /> (Unaudited)" "30.09.2025 <br /> (Unaudited)" "31.03.2026 <br /> (Audited)" <br /> Revenue from operations - 843 2,342 843 4,653 9,606 <br /> Total Income - 920 2,516 920 5,104 10,328 <br /> Total expenses - 563 2,383 563 5,022 8,999 <br /> Profit before exceptional items and tax - 357 133 357 82 1,329 <br /> Net exceptional (loss) - - - - - (26) <br /> Net tax expense/(benefit) - 156 246 156 209 572 <br /> Profit/(Loss) from discontinued operations - 201 (113) 201 (127) 731 <br /> <br /> Oil and Gas Undertaking (Gross of inter segment transactions) (Rs. in Crore) <br /> Particulars Quarter ended Half year ended Year ended <br /> "30.09.2026 <br /> (Unaudited)" "30.06.2026 <br /> (Unaudited)" "30.09.2025 <br /> (Unaudited)" "30.09.2026 <br /> (Unaudited)" "30.09.2025 <br /> (Unaudited)" "31.03.2026 <br /> (Audited)" <br /> Revenue from operations - 843 2,342 843 4,653 9,606 <br /> Total Income - 942 3,472 942 6,120 10,546 <br /> Total expenses - 790 2,432 790 5,068 9,111 <br /> Profit before exceptional items and tax - 152 1,040 152 1,052 1,435 <br /> Net exceptional (loss) - - - - - (26) <br /> Net tax expense/(benefit) - 156 246 156 209 572 <br /> (Loss)/Profit from discontinued operations - (4) 794 (4) 843 837 <br /> <br /> Aluminium undertaking (Net of inter segment transactions) (Rs. in Crore) <br /> Particulars Quarter ended Half year ended Year ended <br /> "30.09.2026 <br /> (Unaudited)" "30.06.2026 <br /> (Unaudited)" "30.09.2025 <br /> (Unaudited)" "30.09.2026 <br /> (Unaudited)" "30.09.2025 <br /> (Unaudited)" "31.03.2026 <br /> (Audited)" <br /> Revenue from operations - 6,395 15,921 6,395 30,557 66,810 <br /> Total Income - 6,438 16,045 6,438 30,886 67,700 <br /> Total expenses - 3,537 11,787 3,537 23,650 46,947 <br /> Profit before exceptional items and tax - 2,901 4,258 2,901 7,236 20,753 <br /> Net exceptional (loss) - - - - - (393) <br /> Net tax expense - 661 1,057 661 1,781 5,120 <br /> Profit from discontinued operations - 2,240 3,201 2,240 5,455 15,240 <br /> <br /> Aluminium undertaking (Gross of inter segment transactions) (Rs. in Crore) <br /> Particulars Quarter ended Half year ended Year ended <br /> "30.09.2026 <br /> (Unaudited)" "30.06.2026 <br /> (Unaudited)" "30.09.2025 <br /> (Unaudited)" "30.09.2026 <br /> (Unaudited)" "30.09.2025 <br /> (Unaudited)" "31.03.2026 <br /> (Audited)" <br /> Revenue from operations - 6,403 16,387 6,403 31,041 66,929 <br /> Total Income - 6,445 16,511 6,445 31,370 67,781 <br /> Total expenses - 3,558 12,475 3,558 24,466 47,555 <br /> Profit before exceptional items and tax - 2,887 4,036 2,887 6,904 20,226 <br /> Net exceptional (loss) - - - - - (393) <br /> Net tax expense - 661 1,057 661 1,781 5,120 <br /> Profit from discontinued operations - 2,226 2,979 2,226 5,123 14,713 <br /> <br /> <br /> Iron Ore & Steel Undertaking (Net of inter segment transactions) (Rs. in Crore) <br /> Particulars Quarter ended Half year ended Year ended <br /> "30.09.2026 <br /> (Unaudited)" "30.06.2026 <br /> (Unaudited)" "30.09.2025 <br /> (Unaudited)" "30.09.2026 <br /> (Unaudited)" "30.09.2025 <br /> (Unaudited)" "31.03.2026 <br /> (Audited)" <br /> Revenue from operations - 1,290 2,857 1,290 5,951 13,581 <br /> Total Income - 1,307 2,887 1,307 6,097 13,829 <br /> Total expenses - 1,131 3,178 1,131 6,322 13,668 <br /> Profit before exceptional items and tax - 176 (291) 176 (225) 161 <br /> Net exceptional (loss) - - - - - (1,493) <br /> Net tax expense - 39 12 39 69 761 <br /> Profit/(Loss) from discontinued operations - 137 (303) 137 (294) (2,093) <br /> <br /> Iron Ore & Steel Undertaking (Gross of inter segment transactions) (Rs. in Crore) <br /> Particulars Quarter ended Half year ended Year ended <br /> "30.09.2026 <br /> (Unaudited)" "30.06.2026 <br /> (Unaudited)" "30.09.2025 <br /> (Unaudited)" "30.09.2026 <br /> (Unaudited)" "30.09.2025 <br /> (Unaudited)" "31.03.2026 <br /> (Audited)" <br /> Revenue from operations - 1,291 3,355 1,291 6,450 13,586 <br /> Total Income - 1,350 3,544 1,350 6,881 14,353 <br /> Total expenses - 1,141 3,749 1,141 6,923 13,857 <br /> Profit before exceptional items and tax - 209 (205) 209 (42) 496 <br /> Net exceptional (loss) - - - - - (1,493) <br /> Net tax expense - 39 12 39 69 761 <br /> Profit/(Loss) from discontinued operations - 170 (217) 170 (111) (1,758) <br /> <br /> Power Undertaking (Net of inter segment transactions) (Rs. in Crore) <br /> Particulars Quarter ended Half year ended Year ended <br /> "30.09.2026 <br /> (Unaudited)" "30.06.2026 <br /> (Unaudited)" "30.09.2025 <br /> (Unaudited)" "30.09.2026 <br /> (Unaudited)" "30.09.2025 <br /> (Unaudited)" "31.03.2026 <br /> (Audited)" <br /> Revenue from operations - 783 2,012 783 4,041 8,760 <br /> Total Income - 786 2,016 786 4,049 8,782 <br /> Total expenses - 779 2,309 779 4,215 8,598 <br /> Profit before exceptional items and tax - 7 (293) 7 (166) 184 <br /> Net exceptional (loss) - - (2,067) - (2,067) (2,286) <br /> Net tax (benefit)/expense - (39) (583) (39) (562) (859) <br /> Profit/(Loss) from discontinued operations - 46 (1,777) 46 (1,671) (1,243) <br /> <br /> Power Undertaking (Gross of inter segment transactions) (Rs. in Crore) <br /> Particulars Quarter ended Half year ended Year ended <br /> "30.09.2026 <br /> (Unaudited)" "30.06.2026 <br /> (Unaudited)" "30.09.2025 <br /> (Unaudited)" "30.09.2026 <br /> (Unaudited)" "30.09.2025 <br /> (Unaudited)" "31.03.2026 <br /> (Audited)" <br /> Revenue from operations - 783 2,154 783 4,183 8,929 <br /> Total Income - 792 2,158 792 4,191 8,952 <br /> Total expenses - 788 2,341 788 4,262 8,713 <br /> Profit before exceptional items and tax - 4 (183) 4 (71) 239 <br /> Net exceptional (loss) - - (2,067) - (2,067) (2,286) <br /> Net tax (benefit)/expense - (39) (583) (39) (562) (859) <br /> Profit/(Loss) from discontinued operations - 43 (1,667) 43 (1,576) (1,188) <br /> <br /> 6 Additional disclosures of financial ratios: <br /> Particulars Half year ended Year ended <br /> "30.09.2026 <br /> (Unaudited)**" "30.06.2026 <br /> (Unaudited)**" "30.09.2025 <br /> (Unaudited)" "30.09.2026 <br /> (Unaudited)**" "30.09.2025 <br /> (Unaudited)" "31.03.2026 <br /> (Audited) <br /> " <br /> a) Debt-Equity Ratio (in times)* 1.15 1.42 1.54 1.15 1.54 1.19 <br /> b) Debt Service Coverage Ratio (in times)* 4.87 2.52 1.77 3.38 1.34 1.81 <br /> c) Interest Service Coverage Ratio (in times)* 12.79 12.59 4.99 12.39 4.89 6.24 <br /> d) Current Ratio (in times)* 1.38 1.10 0.95 1.38 0.95 1.06 <br /> e) Long term debt to working capital Ratio (in times)* 2.65 8.77 ** 2.65 ** 20.13 <br /> f) Bad debts to Account receivable Ratio (in times)* 0.03 0.00 0.00 0.04 0.00 0.06 <br /> g) Current liability Ratio (in times)* 0.43 0.45 0.38 0.43 0.38 0.38 <br /> h) Total debts to total assets Ratio (in times)* 0.34 0.34 0.39 0.34 0.39 0.35 <br /> i) Debtors Turnover Ratio (in times)* 24.09 16.34 7.04 46.22 14.19 26.68 <br /> j) Inventory Turnover Ratio (in times)* 2.64 2.55 1.70 5.17 3.49 8.11 <br /> k) Operating-Profit Margin (%)* 33% 30% 22% 31% 21% 26% <br /> l) Net-Profit Margin (%)* 24% 22% 13% 23% 12% 16% <br /> m) Capital Redemption Reserve (Rs. in Crore)* 3,125 3,110 3,110 3,125 3,110 3,110 <br /> n) Net Worth (Total Equity) (Rs. in Crore)* 26,302 19,867 54,213 26,302 54,213 68,577 <br /> * Not annualised, except for the year ended 31 March 2026. <br /> **The above ratios for the quarters ended 30 September 2026 and 30 June 2026 and half year ended 30 September 2026 have been computed based on continuing operations only. However, the ratios for the comparative periods have been calculated considering both continuing and discontinued operations. Therefore, the ratios for the quarters ended 30 September 2026 and 30 June 2026 and half year ended 30 September 2026 are not directly comparable with those of the comparative periods. <br /> Formulae for computation of ratios are as follows: <br /> <br /> a) Debt-Equity Ratio Total Debt/ Total Equity <br /> b) Debt Service Coverage Ratio Income available for debt service/ (interest expense + repayments made during the period for long term loans), where income available for debt service = Profit before exceptional items and tax + Depreciation, depletion and amortization expense + Interest expense <br /> c) Interest Service Coverage Ratio Income available for debt service/ interest expense <br /> d) Current Ratio Current Assets/ Current Liabilities (excluding current maturities of long term borrowing) <br /> e) Long term debt to working capital Ratio Non-current borrowing (including current maturities of long term borrowing)/ Working capital (WC), where WC = Current Assets - Current Liabilities (excluding current maturities of long term borrowing) <br /> f) Bad debts to Account receivable Ratio Bad Debts written off/ Average Trade Receivables <br /> g) Current liability Ratio Current Liabilities (excluding current maturities of long term borrowing)/ Total Liabilities <br /> h) Total debts to total assets Ratio Total Debt/ Total Assets <br /> i) Debtors Turnover Ratio Total revenue from operations/ Average Trade Receivables <br /> j) Inventory Turnover Ratio (Total revenue from operations - EBITDA)/ Average Inventory <br /> k) Operating-Profit Margin (%) (EBITDA - Depreciation, depletion and amortization expense)/ Total revenue from operations <br /> l) Net-Profit Margin (%) Net profit after tax before exceptional items (net of tax)/ Total revenue from operations <br /> m) Capital Redemption Reserve includes Preference Share Redemption Reserve created on redemption of preference shares. <br /> <br /> 7 The Non-Convertible debentures ('NCDs') of the Group outstanding as on 30 September 2026 are Rs. 11,360 Crore, all of which are listed unsecured NCDs. <br /> <br /> 8 "(a) During the previous financial year, a short seller had published reports alleging certain matters against some of the Vedanta Group entities including the Company. Based on management assessment, legal advice obtained and involvement of external experts management continues to believe, that these allegations are baseless and the related transactions have appropriate commercial substance, duly approved through necessary processes and that the Group remains compliant with contractual obligations and applicable laws and regulations. Accordingly, no adjustments were considered necessary in consolidated financial results of the Group. Information sought by regulators/authorities have been duly provided by the Group. <br /> <br /> In relation to one of the Subsidiary, Hindustan Zinc Limited, during the previous quarter, SEBI communicated its observations on related party transactions. These observations pertained to approvals and disclosure aspects and did not result in any financial penalty, restriction, or sanction on the Subsidiary. In accordance with SEBI’s directions, corrective measures have been taken and presented to the Audit & Risk Management Committee and the Board of Directors of the Subsidiary. The Committee and the Board of the Subsidiary have reviewed these measures and expressed satisfaction with the actions taken to address SEBI’s observations. <br /> <br /> (b) Further, the Enforcement Directorate (""ED"") conducted a search and seizure operation under the Foreign Exchange Management Act, 1999, at the premises of the Company and one of its subsidiary from 1 June 2026 to 3 June 2026. During the course of the proceedings, the ED sought information, records and documents of the Group. The Group extended full cooperation to the ED officials and provided the information and documentation sought by them. The Group has not received any further communication from ED in this regard." <br /> 9 Pursuant to the Scheme of Arrangement (“Scheme”), the Oil & Gas business undertaking of the Company (“VEDL” or “Demerged Undertaking”) held within VEDL as well as its direct subsidiary (Cairn Energy Hydrocarbons Limited - “CEHL”) (together referred as “Cairn”), was demerged into Vedanta Oil & Gas Limited (“VOGL”) as a going concern with effect from 1 May 2026 (the 'Appointed Date”), as further detailed in Note 5. During the half year ended 30 September 2026, the Ministry of Petroleum and Natural Gas (MoPNG) has provided its no-objection/approval on 24 July 2026 in relation to the assignment of participating interests and operatorship pertaining to the oil and gas blocks transferred to VOGL. <br /> In accordance with Clause 34 of the Scheme, pending receipt of the consent of the MoPNG for the transfer of participating interests under the relevant production sharing contracts and revenue sharing contracts, VEDL held the relevant letters of intent, participating interests, production sharing contracts, revenue sharing contracts and joint operating agreements together with related assets, rights, interests, liabilities and obligations, both present and future, and conducted the related business and operations, in trust for and on behalf of VOGL from the Appointed Date. Nonetheless, the economic interest and obligations in such arrangements vested in VOGL from the Appointed Date. Accordingly, the financial results and operations of Cairn for the period from 1 April 2026 to 30 April 2026 are included in these results for the quarter ended 30 June 2026 and half year ended 30 September 2026. <br /> <br /> 10 The figures have been rounded off to the nearest crore of rupees. The figure '0' wherever stated represents value less than Rs. 1 Crore. <br /> <br /> By Order of Board <br /> <br /> <br /> <br /> <br /> Place: Mumbai Arun Misra <br /> Date: 28 October 2026 CEO & Executive Director <br /> (Whole-Time Director) <br /> 2026-04-012026-09-30UnauditedConsolidated505610000000105200000005161300000001791200000001720000000-1194000000082200000001358000000025310000000144330000000360340000000155790000000015579000000039880000000950000000408300000000114960000000344100000008170000000262400000000141200000000123300000001535300000009123000000049970000000102440000000510900000003910000000117.317.26.076.0323.3723.230.01150.03380.1239Power and fuel charges11470000000Other expenses61420000000Power and fuel charges22800000000Other expenses12153000000030316000000012540000000000491000000036700000000330000000158800000000868000000010840000000354000000008520000000318400000005132300000007035000000016210000000088300000003719000000066110000000350000000627000000028085000000051000000019510000000371220000000884450000000391000000012370000000012761000000013541000000026302000000022280000000000010270000000233070000000782000000051390000000114400000003037200000008017000000081850000000081850000000981700000002601900000003689000000042000000020210000000317710000000621430000000884450000000Refer quick notes for results.Derivatives2320000000Others8520000000Income tax assets (net)12390000000Other non-current assets19450000000Derivatives2030000000Others4240000000Other current assets19510000000Lease liabilities3310000000Derivatives330000000Other financial liabilities6630000000Other non-current liabilities11440000000Lease liabilities4850000000Operational buyers' credit / suppliers' credit41640000000Derivatives6780000000Other financial liabilities44900000000Other current liabilities36890000000Zinc, lead and silver145250000000Zinc - international17300000000Aluminium0Copper92800000000Iron Ore0Power0Oil & Gas0Others12540000000Zinc, lead and silver275100000000Zinc - international31220000000Aluminium63090000000Copper178180000000Iron Ore5980000000Power7790000000Oil & Gas8420000000Others3407000000026789000000060385000000043300000005130000000263560000000598720000000Zinc, lead and silver82760000000Zinc - international2310000000Aluminium0Copper640000000Iron Ore0Power0Oil & Gas0Others280000000Zinc, lead and silver154470000000Zinc - international2990000000Aluminium31740000000Copper590000000Iron Ore1220000000Power1120000000Oil & Gas3990000000Others155000000085990000000197670000000696000000018860000000-4870000000-1139000000083900000000190200000000Zinc, lead and silver288110000000Zinc - international155350000000Aluminium0Copper64590000000Iron Ore0Power0Oil & Gas0Others41370000000549420000000335030000000884450000000Zinc, lead and silver79390000000Zinc - international44470000000Aluminium0Copper91640000000Iron Ore0Power0Oil & Gas0Others19580000000235080000000386350000000621430000000Additional Notes: <br /> <br /> 1. We have considered Earnings before interest and tax (EBIT) for segment results. <br /> 2. Other unallocable income, net of expenses, other unallocable income, net of expenses, share in profit/ loss of jointly controlled entities and net exceptional (loss)/gain are clubbed together and shown under the head "Other unallocable expenditure net off other unallocable income". <br /> 3. Others in "Segment Revenue (Income)" includes Other operating income of Rs. 544 Crore for the quarter ended 30 September 2026 and Rs. 1,405 Crore for the half year ended 30 September 2026. <br /> <br /> i) Earnings before interest, depreciation, tax and exceptional items ('EBITDA') is a non- GAAP measure. <br /> ii) Includes cost of exploration wells written off in Oil & Gas segment of Nil, Rs. 8 Crore, Rs. 187 Crore, Rs. 8 Crore ,Rs. 944 Crore and Rs. 1,252 Crore for the quarters ended 30 September 2026, 30 June 2026, 30 September 2025, half year ended 30 September 2026, 30 September 2025, and year ended 31 March 2026, respectively and amortisation of duty benefits relating to assets recognised as government grant. <br /> <br /> The continuing business segments are: <br /> (a) Zinc, Lead and Silver - India, which consists of mining of ore, manufacturing of zinc and lead ingots and silver, both from own mining and purchased concentrate. Additional intra segment information of revenues for the Zinc & Lead and Silver segment have been provided to enhance understanding of segment business; <br /> (b) Zinc - International, which consists of exploration, mining, treatment and production of zinc, lead, copper and associated mineral concentrates for sale; <br /> (c) Copper, which consist of mining of copper concentrate, manufacturing of copper cathode, continuous cast copper rod, anode slime from purchased concentrate and blister, and manufacturing of precious metal from anode slime, sulphuric acid and phosphoric acid; and <br /> (d) Other business segment under continuing operations comprises port/berth, glass substrate, nickel, power cables, ferroy alloys and wind power plants and a power plant situated at Mettur Dam in the State of Tamil Nadu in southern India but excluding captive power. <br /> <br /> The discontinued business segments are: <br /> (e) Oil & Gas, which consists of exploration, development and production of oil and gas; <br /> (f) Aluminium, which consist of mining of bauxite and manufacturing of alumina and various aluminium products; <br /> (g) Iron ore, which consists of mining of ore and manufacturing of pig iron and metallurgical coke; <br /> (h) Power, includes thermal power facilities predominantly engaged in generation and sale of commercial power but excluding captive power ; and <br /> (i) Other business segment under discontinued operations comprises steel and cement. <br /> <br /> Assets and liabilities, the allocation of which are not directly related to a reportable segment are being disclosed as unallocated assets and liabilities.18860000000-23030000000-4040000000-19250000000000000000253100000000-120000000000-13200000000712000000070000000-11500000000034410000000-4000000000222200000001780100000000003755000000001404600000000000000060000000619700000000000000000000024360000000000118600000000-76510000000-1022000000000000000022411000000014702000000015000000000211000000000-18260000000362300000007449000000046000000074950000000-3776000000037190000000Items that will not be reclassified to profit or loss14100000001410000000Items that will not be reclassified to profit or loss348000000034800000006000000060000000Items that will be reclassified to profit or loss-640000000-640000000Items that will be reclassified to profit or loss95500000009550000000-330000000640000000104000000012330000000UnauditedtrueM S K A & Associates LLPtrue2027-07-31