What was filed
Vedanta Limited released its unaudited consolidated results for the quarter ended 30 June 2026, along with a press release and investor presentation, following a board meeting on 30 July 2026. This is the first full quarter reported on the demerged Vedanta's continuing-operations basis. The company notes that its statutory results include both continuing and discontinued operations under Ind AS 105, and that this release presents only the continuing businesses for a like-for-like comparison. Per the filing, four demerged entities were listed on the NSE and BSE on 15 June, with the demerger effective from 1 May 2026.
The quarter in figures
Per the filing, revenue, EBITDA and profit after tax all rose sharply year-on-year, with the company describing PAT, EBITDA and production as record or best-ever for the continuing portfolio. The EBITDA bridge attributes the year-on-year gain largely to higher LME prices, premiums, forex gains and volumes; the company noted the USD/INR rate moved to 94.58 in Q1 FY27 from 85.57 a year earlier. Operationally, it reported Zinc India's highest first-quarter mined-metal production, FACOR's highest quarterly ore output and EBITDA, and Copper India's strongest first-quarter sales in eight years. Against those, Copper International's Fujairah rod sales fell after the closure of the Strait of Hormuz, and Zinc International's mined metal declined as the Deeps mine at Black Mountain nears end of life.
Balance sheet and ratings
The company reported that net debt fell during the quarter, with net-debt-to-EBITDA at 0.30x, which it described as best-in-class. Both ICRA and CRISIL upgraded Vedanta Limited's credit rating to AA+/Stable — ICRA in May 2026 and CRISIL in July 2026. At the parent level, Vedanta Resources Limited reported group deleveraging of $1.1 billion and rating upgrades from S&P (BB), Fitch (BB) and Moody's (Ba3, positive outlook), which the filing calls the highest VRL rating since 2014. VRL also said it tied up $1.75 billion of international bonds and $2.25 billion of syndicated term loans.
Why it is framed around the demerger
The CFO's comments tie the quarter to the ongoing demerger, stating that the combined market capitalisation of the resulting companies grew by over ₹71,000 crore in the first quarter. Because the reported statutory numbers blend continuing and discontinued operations, the company stresses that the headline figures here reflect only the continuing businesses as they exist at quarter-end — setting a fresh baseline for comparison.