Mumbai — Vedanta Limited reported an 18% sequential decline in consolidated net profit for the quarter ended June 30 as higher input costs weighed on earnings despite strong performances from its zinc, copper and silver businesses.
The mining and metals company posted a net profit of Rs 5,473 crore in the first quarter of fiscal 2027, compared with Rs 6,698 crore in the preceding March quarter, according to a regulatory filing.
Revenue from operations declined 1% sequentially to Rs 23,456 crore from Rs 23,731 crore.
On a year-over-year basis, Vedanta’s net profit margin improved to 22% from 12% in the same quarter a year earlier.
The improvement came despite a 37% increase in the cost of raw materials consumed. Total expenses rose 33% to Rs 17,558 crore.
Vedanta reported strong operating performances across several key businesses. Revenue from its combined India zinc and lead operations increased nearly 50%, while revenue from the copper segment rose 34%. Revenue from the company’s India silver business more than doubled during the quarter.
The results followed strong quarterly performances from other Vedanta Group companies. Hindustan Zinc last week reported that its profit more than doubled, supported by higher metal prices.
Vedanta Aluminium Metal, the pure-play aluminum company created through Vedanta’s demerger, also reported a more than threefold increase in profit, driven by higher aluminum prices.
Alongside its quarterly results, Vedanta announced several leadership and corporate restructuring decisions.
The board approved the reappointment of Arun Misra as Executive Director and named him Chief Executive Officer for a one-year term beginning Aug. 1, 2026, subject to shareholder approval.
Misra, who currently leads Hindustan Zinc, will step down from that role to take up his new responsibilities at Vedanta.
The board also approved the demerger of Vedanta’s real estate business into a separate company, Vedanta Property Platforms Limited, as part of a broader effort to unlock value from non-core assets.
Under the proposed transaction, Vedanta shareholders will receive one share of Vedanta Property Platforms for every 20 Vedanta shares they own. The demerger remains subject to statutory and regulatory approvals. (Source: IANS)
