VEDL · price
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Vedanta Ltd has announced a major corporate restructuring effective May 1, 2026, splitting into five independent sector-focused entities: Vedanta Aluminium, Vedanta Iron & Steel, Vedanta Power, Vedanta Oil & Gas, and a remaining Vedanta entity. The company reported record Q4 FY26 results with revenue of ₹51,524 crore (up 29% YoY), EBITDA of ₹18,447 crore (up 59% YoY), and PAT of ₹9,352 crore (up 89% YoY), achieving a record margin of ~44%. Full-year FY26 also delivered historic-best results with revenue of ₹1,74,075 crore (up 15% YoY) and PAT of ₹25,096 crore (up 22% YoY). Production volumes hit all-time highs across aluminium, zinc, iron ore, and copper segments. The credit rating was reaffirmed at AA with net debt reduced by ₹7,370 crore in Q4, bringing Net Debt/EBITDA to a 5-year low of 0.95x.
The split into five independent companies marks a fundamental change in Vedanta's corporate structure, which could unlock value for shareholders through focused business valuations. Strong financial results with near-doubling of PAT demonstrate operational efficiency, while the deleveraging reduces financial risk. Investors should monitor the restructuring timeline and details of the spin-off structure.