Coal news and updates

Vedanta's net down 13%, rev up 6% in Q1

 Vedanta has posted a consolidated net profit during April-June quarter (Q1) of 2025-26 (FY26) at Rs 4,457 crore, down by 12.75 percent as compared to Rs 5,095 crore during the year ago quarter, according to a BSE filing.

During Q1 FY26, revenue from operations stood at Rs 37,824 crore, up by 5.76 percent as compared to from Rs 35,764 crore during Q1 FY25.

The company’s total income during the quarter stood at Rs 38,809 crore, up by 5.75 percent as compared to Rs 36,698 crore during Q1 FY25.

Vedanta’s consolidated total expenditure during Q1 FY26 stood at Rs 32,756 crore, up by 6.44 percent as compared to Rs 30,772 cr during Q1 FY25.

The company’s board also approved an additional $84 million for the expansion of its zinc mines at Gamsberg in South Africa. Earlier, it had approved a $466 million plan to double the mine's capacity from 4 million tons per annum (mtpa). With the additional investment, the capacity will be ramped up to 8.4 mtpa.

“The enhancements to the initial design have been undertaken which will increase plant throughput by 10 percent, metal recovery by 3 percent and includes a new tailings storage facility in line with ESG goals. This will also synchronize the project completion with the consistent availability of good quality ore to feed the plant. This will make Vedanta Zinc International the largest Zinc producer in South Africa,” a filing said.