Vedanta Limited Posts Record Q2 FY27 Net Profit of Rs 6,202 Crore; Star Health Reports 232% Surge in Q2 Profit

Vedanta Limited has announced its consolidated financial results for the quarter and half year ended September 30, 2026, delivering stellar performance across key financial metrics. The company achieved a record quarterly net profit of Rs 6,202 crore, marking a massive 151% increase year-on-year (YoY), while its half-year net profit also surged 151% YoY to Rs 11,496 crore. Quarterly consolidated revenue rose 57% YoY to Rs 25,812 crore, pushing half-year revenue to a record Rs 49,268 crore (up 54% YoY). Quarterly EBITDA soared 106% YoY to a record Rs 9,938 crore with an EBITDA margin of 60%. Net debt dropped by Rs 4,624 crore sequentially to Rs 3,675 crore, resulting in an industry-leading Net Debt/EBITDA ratio of 0.1x. Strong liquidity was maintained with cash and cash equivalents at Rs 26,622 crore, and credit ratings were reaffirmed at AA+/Stable by both ICRA and CRISIL. The Board declared a first interim dividend of Rs 5 per equity share.

Star Health and Allied Insurance Q2 FY27 Performance:
Star Health and Allied Insurance delivered robust financial results for the September quarter of FY27. The insurer reported a net profit of Rs 264.4 crore, representing a 232% YoY surge compared to Rs 79.6 crore in the corresponding quarter of the previous year. For the first half of FY27, the company recorded a cumulative net profit of Rs 814.6 crore, up from Rs 517.8 crore in the year-ago period. The company’s claims ratio improved to 69% during the quarter from 71.5% a year earlier, reflecting a reduced claims burden relative to its premium base.

Operational Milestones and Leadership Insights:
Vedanta’s core business segments demonstrated strong operational execution during the quarter. Zinc India achieved a record Q2 metal mining output of 271 kilo tonnes (kt) (up 5% YoY) and its lowest-ever zinc Cost of Production (COP) of $703 per tonne post-underground transition. Zinc International successfully launched the Gamsberg Phase II project, adding 200 ktpa of MIC capacity to reach a total VZI capacity of 500 ktpa. FACOR recorded 50 kt of ore production and achieved successful underground extraction at Ostapal Mines, while Copper India posted strong quarterly cathode and sales volumes. Commenting on the performance, Arun Mishra, Executive Director at Vedanta Limited, noted that Vedanta delivered robust operational milestones while advancing strategic growth projects. Ajay Goel, CFO, added that strong quarterly cash generation of Rs 5,803 crore enabled significant debt reduction and brought the Net Debt/EBITDA ratio down to an industry-best 0.1x.