Kuala lumpur: India-based Vedanta Limited, a global leader in metals, oil and gas, critical minerals, power, and technology, posted a record profit of US$2.8 billion for the financial year ended March 31, 2026, up 22 percent year-on-year (YoY), driven by structurally strong businesses and disciplined execution. (US$1 = RM3.91)

According to BERNAMA News Agency, Vedanta stated that the fourth-quarter (Q4) profit rose nearly 90 percent YoY to US$1 billion. The company also recorded its highest-ever annual revenue of about US$20 billion, representing a 15 percent increase from a year earlier, while Q4 revenue rose nearly 30 percent YoY to US$5.6 billion.

Annual earnings before interest, taxes, depreciation, and amortization (EBITDA) increased about 30 percent to a record US$6.3 billion, with margins expanding to around 40 percent. Q4 EBITDA stood at US$2 billion with margins of about 44 percent.

Vedanta reported that its balance sheet strengthened further during the year, with net debt-to-EBITDA improving to 0.95 times, supported by strong cash generation. The company's demerger became effective on May 1, resulting in the creation of five independently scalable business entities spanning aluminium, oil and gas, power, iron and steel, and critical minerals.

The company's AA credit ratings were reaffirmed by CRISIL and ICRA, while parent company Vedanta Resources received a ratings upgrade to BB- from Fitch Ratings. Vedanta delivered a total shareholder return of nearly 50 percent in financial year 2026 (FY26), outperforming India's Nifty Metal Index.