Q3 2026 Vedanta Ltd Earnings Call Transcript
Key Points
- Vedanta Ltd (BOM:500295) achieved its best ever quarterly EBITDA of INR15,171 crores, marking a significant operational milestone.
- The company recorded a lifetime high revenue and PAT of INR45,899 crores and INR7,807 crores, respectively.
- Aluminum business recorded its lowest hot metal cost in 17 quarters at $1,674 per tonne, better than the full year guidance.
- The Power business is on track to outperform annual guidance, with Athena recording a PLF of 72% in quarter three.
- Vedanta Ltd (BOM:500295) received NCLT approval for a significant demerger scheme, targeting April 1 as the effective date.
- Despite operational achievements, the Aluminum business's alumina cost remains higher than market prices, impacting cost efficiency.
- The Oil & Gas segment experienced a decline in production rates, with average gross production at 85,000 barrels of oil equivalent per day.
- The company reported three fatalities in the year, highlighting ongoing safety challenges.
- Zinc International's costs have increased due to waste stripping and unfavorable exchange rates.
- The demerger process requires completion of various conditions precedent and statutory approvals, posing potential delays.
Ladies and gentlemen, good day, and welcome to Vedanta Limited's Third Quarter Financial Year '25-'26 Earnings Conference Call. (Operator Instructions) Please note that this conference is being recorded. (Operator Instructions)
I now hand the conference over to Mr. Charanjit Singh, Group Head, Investor Relations, Vedanta. Thank you, and over to you, sir.
Thank you, Yash. Good evening, everyone, and welcome to Vedanta Limited Q3 FY26 Earnings Call. On behalf of Team Vedanta, I thank you all for joining us today. I hope you had the chance to look at our press release, earnings presentation and the detailed financial statements.
On this call, from Vedanta side, we have with us Ms. Deshnee Naidoo, Group CEO; Mr. Arun Misra, our Executive Director; Mr. Ajay Goel, Group CFO; Mr. Rajiv Kumar, CEO, Aluminum business; Mr. Anup Agarwal, CFO Aluminum business; Mr. Jasmin Sahurity, CEO, Oil & Gas; and Mr. Rajinder Singh Ahuja, CEO Power business.
We will begin with the business
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