Description: Revenue represents the value of goods sold and services provided to third parties during the year.
Commentary: In FY 2025-26, consolidated revenue was at ₹ 1,74,075 crore compared with ₹ 1,50,725 crore in FY 2024-25. This was driven by higher volumes, favourable commodity prices and rupee depreciation.
Description: Earnings before interest, tax, depreciation and amortisation (EBITDA) is a factor of volume, prices and cost of production. This measure is calculated by adjusting operating profit for special items and adding depreciation and amortisation.
Commentary: EBITDA for FY 2025-26 was at ₹ 55,976 crore, registering a Y-o-Y growth of 29%. This was primarily driven by stronger commodity prices, rupee depreciation, favourable input cost, higher sales volumes and improved premium mix.
Description: This represents net cash flow from operations after investing in growth projects. This measure ensures that profit generated by our assets is reflected by cash flow, in order to de-lever or maintain future growth or shareholder returns.
Commentary: We generated FCF of ₹ 11,095 crore in FY 2025-26, driven by strong cash flows from operations, working capital investment and expenditure on growth projects.
Description: This is calculated on the basis of operating profit, before special items and net of tax outflow, as a ratio of average capital employed. The objective is to earn a post-tax return consistently above the weighted average cost of capital.
Commentary: Strong ROCE of c.32% in FY 2025-26 (FY 2024-25: 27%), primarily due to increase in EBIT.
Description: Calculated as EBITDA margin excluding EBITDA and turnover from custom smelting of copper business and one off gains.
Commentary: Adjusted EBITDA margin for FY 2025-26 was 39% (FY 2024-25: 34%).
Description: This ratio represents the level of leverage of the Company. It represents the strength of the balance sheet of Vedanta Limited. Net debt is calculated in the manner as defined in Note 15 of the consolidated financial statements.
Commentary: Net debt/EBITDA ratio as of 31 March 2026 was at 0.95x, compared with 1.22x as on 31 March 2025.
Description: The ratio is a representation of the ability of the Company to service its debt. It is computed as a ratio of EBITDA divided by gross finance costs (including capitalised interest) less investment revenue.
Commentary: The interest cover for the Company was at 8.6 times, higher Y-o-Y on account of increased EBITDA and lower interest.
Description: The debtors’ turnover ratio is an accounting measure used to quantify a Company’s effectiveness in collecting its receivables. This is calculated as a ratio of revenue from operation to average trade receivables.
Commentary: The debtor’s turnover ratio was at 30.1 times.
Description: The inventory turnover ratio is an efficiency ratio that shows how effectively inventory is managed. This is calculated as a ratio of cost of goods sold to average inventory.
Commentary: The inventory turnover ratio for the Company was at 7.9 times in FY 2025-26 as compared to 7.8 times in FY 2024-25.
Description: The current ratio is a liquidity ratio that measures a Company’s ability to pay short-term obligations or those due within one year. This is calculated as a ratio of Current Assets to Current Liabilities.
Commentary: The current ratio of the Company is 0.8 times.
Description: It is a financial ratio indicating the relative proportion of shareholders’ equity and debt used to finance a Company’s assets. This is calculated as a ratio of total external borrowing to total equity (share capital + reserves + minority).
Commentary: The ratio has decreased to 1.2 times in FY 2025-26 as compared to 1.4 times in FY 2024-25, primarily due to increase in total equity.
Description: Operating profit margin is a profitability or performance ratio used to calculate the percentage of profit a Company produces from its operations. This is calculated as a ratio of operating profit (EBITDA less depreciation) to revenue from operations.
Commentary: The operating profit margin is higher in FY 2025-26 as compared to FY 2024-25, primarily due to higher EBITDA in the current year.
Description: It is a measure of the profitability of the Company. This is calculated as a ratio of net profit (before exceptional items) to revenue from operations.
Commentary: The net profit margin is 16% in FY 2025-26 as compared to 13% in FY 2024-25.
Description: It is a measure of the profitability of the Company. This is calculated as a ratio of net profit (before exceptional items) to average net worth (share capital + reserves + minority).
Commentary: The return on net worth is 47% in FY 2025-26 as compared to 40% in FY 2024-25, higher 7% Y-o-Y.
*Excluding litigated debtors in power business
Description: This represents the amount invested in our organic growth programme during the year.
Commentary: Our stated strategy is of disciplined capital allocation on high-return, low-risk projects. Capital expenditure on expansion during the year stood at ₹ 15,072 crore.
Description: This represents the net profit attributable to equity shareholders.
Commentary: In FY 2025-26, EPS before exceptional items was at ₹ 44.58 per share, as compared to ₹ 38.97 in FY 2024-25.
Description: Dividend per share is the total of the final dividend recommended by the Board in relation to the year, and the interim dividend paid out during the year.
Commentary: The Board has recommended a total interim dividend of ₹ 34 per share in FY 2025-26 as compared with ₹ 43.50 per share in FY 2024-25.
Description: Reserves and resources are based on specified guidelines for each commodity and region.
Commentary:
Commentary:
Commentary: During FY 2025-26, the gross proved, and probable reserves and resources stood at 1,321 mmboe.
Description: Vedanta used Scope 1 and Scope 2 GHG emissions, measured in tonnes of CO2e to track its carbon footprint. We calculate and report Greenhouse Gas (GHG) inventory i.e. Scope 1 (process emissions and other direct emissions) and Scope 2 (purchased electricity) as defined under the World Business Council for Sustainable Development (WBCSD) and World Resource Institute (WRI) GHG Protocol.
Commentary: Overall GHG emission increased by ~7% Y-o-Y.
Description: The total recordable injury frequency rate (TRIFR) is the number of fatalities, lost time injuries, and other injuries requiring treatment by a medical professional per million hours worked.
Commentary: This year, the TRIFR was 1.30. Safety remains the key focus across businesses.
Description: The percentage of women in the total permanent employee workforce.
Commentary: We focus on diversity, equity and inclusion in the workplace. During the year, female employees made up 23% of the total workforce.
Description: High Volume Low Toxicity (HVLT) waste is present in large quantities and is usually stored in tailings dams/ash dyes or other secure landfill structures before being sent to other industries as raw materials. HVLT includes fly ash, bottom ash, slag, jarosite, and red mud.
Commentary: In FY 2025-26, we have achieved ~98% utilisation of our HVLT waste.
Description: Water consumed is the portion of water used that is not returned to the source after being withdrawn. Recycled water or reclaimed water means treated or recycled wastewater commonly used for non-potable (not for drinking) purposes, such as agriculture, landscape, public parks, and golf course irrigation (million m3).
Commentary: In FY 2025-26, we recycled 90 million m3 of water, equivalent to around 38% of our water consumption.
Description: The total number of beneficiaries through our community development programmes across all our operations.
Commentary: We benefited 7.8 million people this year through our community development projects comprising community health, nutrition, education, water and sanitation, sustainable livelihood, women empowerment and bio-investment.
* Water consumption = Water consumed + Water recycled
