| ₹ crore | Q2 FY27 | Q2 FY26 | Change |
|---|---|---|---|
| Revenue | 26,356 | 39,868 | −33.9% |
| EBITDA | 9,915 | 11,397 | −13.0% |
| EBITDA margin | 37.6% | 28.6% | +9.0 pts |
| Profit before tax | 8,390 | 4,948 | +69.6% |
| Net profit | 6,202 | 3,479 | +78.3% |
| EPS | ₹9.35 | ₹4.61 | +102.8% |
Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 | FY23Mar 2023 | FY22 and earlierAlpha Plus |
|---|
| 91,123 | — | — | — | — | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |
| 19,929 | 15,505 | 16,902 | 13,694 | 19,562 | ||
| 13,541 | 18,925 | 12,541 | 11,347 | 10,004 | ||
| 26,995 | 26,995 | 73,853 | 71,758 | 66,182 | ||
| 1,11,730 | — | — | — | — | ||
| 98,539 | 78,437 | 1,52,968 | 1,43,727 | 1,47,308 | ||
| — | −48.7% | +6.4% | −2.4% | — | ||
| 32,841 | 23,184 | 42,343 | 35,198 | 34,422 | ||
| 33.3% | 29.6% | 27.7% | 24.5% | 23.4% | ||
| 27,554 | 18,374 | 31,247 | 24,475 | 23,867 | ||
| 31,279 | 25,096 | 20,535 | 7,539 | 14,503 | ||
| 31.7% | 32.0% | 13.4% | 5.3% | 9.9% | ||
| ₹55.07 | ₹44.48 | ₹38.33 | ₹10.84 | ₹27.04 | ||
| — | +16.0% | +253.6% | −59.9% | — | ||
| — | 39,499 | 39,562 | 35,654 | 33,065 | ||
| — | −20,876 | −17,005 | −16,752 | −13,787 | ||
| 18,623 | 18,623 | 22,557 | 18,902 | 19,278 | ||
From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY23 31/03/2023 | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | Current/LTM TTM · last close | |
|---|---|---|---|---|---|---|
| Market Capitalization | — | — | — | — | 91,122.6 | |
| - Cash, Equiv & ST Investments | 19,562.0 | 13,694.0 | 16,902.0 | 15,505.0 | 19,929.0 | |
| + Minority Interest | 10,004.0 | 11,347.0 | 12,541.0 | 18,925.0 | 13,541.0 | |
| + Total Debt | 66,182.0 | 71,758.0 | 73,853.0 | 26,995.0 | 26,995.0 | |
| Enterprise Value | — | — | — | — | 1,11,729.6 | |
| Revenue | 1,47,308.0 | 1,43,727.0 | 1,52,968.0 | 78,437.0 | 98,539.0 | |
| Growth %, YoY | — | -2.4 | +6.4 | -48.7 | — | |
| EBITDA | 34,422.0 | 35,198.0 | 42,343.0 | 23,184.0 | 32,841.0 | |
| Margin % | 23.37 | 24.49 | 27.68 | 29.56 | 33.33 | |
| EBIT | 23,867.0 | 24,475.0 | 31,247.0 | 18,374.0 | 27,554.0 | |
| Net Income | 14,503.0 | 7,539.0 | 20,535.0 | 25,096.0 | 31,279.0 | |
| Margin % | 9.85 | 5.25 | 13.42 | 32.00 | 31.74 | |
| EPS, Adj (current shares) | 27.04 | 10.84 | 38.33 | 44.48 | 55.07 | |
| Growth %, YoY | — | -59.9 | +253.6 | +16.0 | — | |
| Cash from Operations | 33,065.0 | 35,654.0 | 39,562.0 | 39,499.0 | — | |
| Capital Expenditures | -13,787.0 | -16,752.0 | -17,005.0 | -20,876.0 | — | |
| Free Cash Flow | 19,278.0 | 18,902.0 | 22,557.0 | 18,623.0 | 18,623.0 | |
Prices at the 29 October 2026 close · figures from the company's filings with NSE
Vedanta (NSE: VEDL) had a market capitalisation of ₹91,709 crore at the 29 October 2026 close (₹234.55 a share), a PE ratio of 4.3 on the last four quarters' profit and a price-to-book ratio of 7.19. In FY26 its consolidated net profit attributable to shareholders was ₹17,391 crore on revenue of ₹78,437 crore; in Q2 FY27 (July–September 2026) it was ₹3,650 crore, up 103.0% year on year. Its debt-to-equity ratio was 1.15 on 30 September 2026. Promoters held 54.72% of the shares on 30 September 2026.
Vedanta's PE ratio is 4.3 at the 29 October 2026 close (₹234.55 a share): a market capitalisation of ₹91,709 crore divided by consolidated net profit attributable to shareholders of ₹21,531 crore over the last four quarters (Q3 FY26 to Q2 FY27). On FY26 net profit attributable to shareholders (₹17,391 crore) it is 5.3.
Vedanta's price-to-book (PB) ratio is 7.19 at the 29 October 2026 close: a market capitalisation of ₹91,709 crore divided by shareholders' equity (book value) of ₹12,761 crore on 30 September 2026. That is a book value of ₹32.64 per share against a share price of ₹234.55.
Vedanta's net worth — shareholders' equity in its consolidated balance sheet — was ₹12,761 crore on 30 September 2026, down 68.2% from ₹40,144 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹91,709 crore at the 29 October 2026 close.
Vedanta's market capitalisation was ₹91,709 crore at the 29 October 2026 close: 391 crore shares at ₹234.55 each.
No. Vedanta had borrowings of ₹30,297 crore on 30 September 2026 (consolidated balance sheet), a debt-to-equity ratio of 1.15. Its cash and current investments were ₹26,540 crore, so its net debt was ₹3,757 crore.
Vedanta's basic earnings per share (EPS) were ₹44.58 in FY26, against ₹38.97 in FY25. Over the last four quarters (Q3 FY26 to Q2 FY27) they add up to ₹55.14.
Vedanta's debt-to-equity ratio was 1.15 on 30 September 2026: borrowings of ₹30,297 crore against total equity of ₹26,302 crore. A year earlier, on 30 September 2025, it was 1.54.
Vedanta's book value per share was ₹32.64 on 30 September 2026: shareholders' equity of ₹12,761 crore divided by the 391 crore shares in issue, down 68.2% from ₹102.67 a year earlier. The share price at the 29 October 2026 close was ₹234.55.
Promoters held 54.72% of Vedanta on 30 September 2026, unchanged from the previous quarter and down 1.66 percentage points from 56.38% a year earlier, according to the shareholding pattern filed with NSE.
In FY26, Vedanta's return on equity (ROE) was 38.3% and its return on capital employed (ROCE) was 11.2%. ROE is net profit attributable to shareholders divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 41.7% and ROCE 25.8%.
On 30 September 2026, Vedanta's shares were held by promoters 54.72%, foreign portfolio investors (FII/FPI) 15.78%, domestic institutions (DII) 10.69% (including mutual funds at 5.09%) and retail and other non-institutional investors 18.58%. Over the year, FII holding was up 4.70 percentage points from 11.08% and DII holding was down 5.55 percentage points from 16.24%.
In FY26 (April 2025–March 2026), Vedanta's consolidated net profit attributable to shareholders was ₹17,391 crore, up 16.0% from ₹14,988 crore in FY25, on revenue from operations of ₹78,437 crore (down 48.7%). Over three years, from FY23, net profit was up 64.5%.
Vedanta's dividend yield is 6.82% at the 29 October 2026 close: dividends of ₹16 a share that went ex-dividend in the 12 months before that day, divided by the share price of ₹234.55. They were ₹5 on 14 October 2026 (interim) and ₹11 on 27 March 2026 (interim).
In 2026, Vedanta has declared two dividends totalling ₹16 a share: ₹11 (interim) with record date 28 March 2026 and ex-date 27 March 2026 and ₹5 (interim) with record date 14 October 2026.
In FY26, Vedanta generated ₹39,499 crore of cash from operations and spent ₹20,876 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of ₹18,623 crore. In FY25 it was ₹22,557 crore.
Vedanta's latest results are for Q2 FY27 (July–September 2026), filed on 28 October 2026: consolidated net profit attributable to shareholders ₹3,650 crore, up 103.0% from ₹1,798 crore in Q2 FY26; revenue from operations ₹26,356 crore, down 33.9% year on year.
Vedanta has reported Q2 FY27. Its next results, for Q3 FY27 (October–December 2026), are due by 14 February 2027 under SEBI's 45-day rule; the company notifies the board-meeting date at least two working days before.
At the 29 October 2026 closing prices, on FY26 net profit attributable to shareholders, Vedanta's PE ratio is 5.3, the lowest of the four: Hindalco Industries 14.7, Hindustan Zinc 15.8 and Jindal Steel 32.0, a peer average of 20.8. Each is the company's market capitalisation at that price divided by its FY26 net profit.
On FY26 consolidated figures, against Hindalco Industries, Hindustan Zinc and Jindal Steel: Vedanta's operating margin of 23.4% is the second highest of the four (Hindalco Industries 9.5%, Hindustan Zinc 44.7%, Jindal Steel 12.2%; peer average 22.1%); its return on equity of 38.3% is the second highest of the four (Hindalco Industries 10.3%, Hindustan Zinc 76.9%, Jindal Steel 6.9%; peer average 31.4%); its revenue growth over three years of −19.0% a year is the lowest of the four (Hindalco Industries 7.2% a year, Hindustan Zinc 7.1% a year, Jindal Steel 0.3% a year; peer average 4.9% a year).
In FY26, Vedanta earned net profit attributable to shareholders of ₹17,391 crore on revenue of ₹78,437 crore, against ₹13,391 crore on ₹2,74,944 crore for Hindalco Industries. Vedanta's operating margin was 23.4% (Hindalco Industries 9.5%) and its return on equity 38.3% (Hindalco Industries 10.3%). At the 29 October 2026 close, Vedanta's market capitalisation was ₹91,709 crore against ₹1,96,759 crore for Hindalco Industries, and its PE ratio on FY26 profit 5.3 against 14.7.
From Vedanta's own consolidated results, balance sheets and shareholding patterns filed with NSE, and NSE prices (the latest used here: the 29 October 2026 close). Ratios are calculated by Alphave from those filings as each answer describes.
Consolidated figures from the company's filings with NSE; prices are NSE closing prices.