Q4 2026 Vedanta Ltd Earnings Call Transcript
Key Points
- Vedanta Ltd (BOM:500295) reported record high revenue of INR1.7 lakh crores and EBITDA of INR56,000 crores for FY26, marking the best financial performance in the company's history.
- The company achieved significant volume growth across various segments, including a 48% increase in aluminum production and a 27% increase in mined metal production at Zinc International.
- Vedanta Ltd (BOM:500295) successfully reduced costs, achieving the lowest annual hot metal cost in the aluminum segment in the last 5 years and the lowest cost of production in Zinc India.
- The company has made substantial progress in its ESG initiatives, increasing renewable energy consumption by 42% year-on-year and reducing greenhouse gas emissions.
- Vedanta Ltd (BOM:500295) has a strong pipeline of growth projects, with significant investments in aluminum, zinc, oil and gas, and power, setting the stage for future growth.
- The tragic incident at the Chhattisgarh power plant resulted in fatalities and injuries, highlighting safety concerns and operational risks.
- Despite strong financial performance, the company faces challenges with its copper segment, which has not been profitable due to negative treatment charges.
- The demerger process introduces uncertainty, with each of the five new entities needing to establish their own growth trajectories and dividend policies.
- Vedanta Ltd (BOM:500295) still carries a significant debt burden, with $4.7 billion of debt at Vedanta Resources, raising concerns about debt servicing and financial stability.
- There have been delays in key projects, such as the Gamsberg Phase 2 expansion and the commissioning of new aluminum smelters, impacting the company's growth timelines.
Ladies and gentlemen, good day, and welcome to Vedanta Limited fourth-quarter and full-year '25/'26 earnings conference call. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Charanjit Singh, Group Head, Investor Relations, Vedanta. Thank you, and over to you.
Thank you, Yash. Good evening, everyone, and welcome to Vedanta Limited Q4 and full-year FY26 earnings call. On behalf of Team Vedanta, I thank you all for joining us today. I hope you had an opportunity to look at the results reasons that we have made. Also, we have uploaded a presentation on our website under the Investor Presentation start outlining the medium-term outlook for the demerged Vedanta, covering all business segments.
This is primarily Zinc India, Zinc International, Copper, perorome and nickle.
Kindly take a look at it. If you haven't had the time to already see it.
On the call today, we have Ms. Deshnee Naidoo, our Group CEO; Mr. Arun
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