Vedanta Limited missed quarterly profit estimates for the first quarter of FY26, as weaker aluminium and copper prices, coupled with a sharp increase in tax expenses, weighed on earnings. Despite strong domestic demand and robust operational performance across its business segments, the metals-to-oil conglomerate saw its bottom line shrink.
Image source: Vedanta
In Q1 FY26, Vedanta reported a consolidated net profit of INR 4,457 crore, down 13 per cent from INR 5,095 crore in the same quarter last year. This decline came even as revenue rose 6 per cent year-on-year to INR 37,434 crore, up from INR 35,239 crore in Q1 FY25, supported by higher product premiums and favourable foreign exchange movements.
The dip in profit was primarily driven by a steep rise in tax expenses, which nearly doubled to INR 1,596 crore from INR 831 crore a year earlier.
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