Highlights

• Vedanta reported record quarterly PAT of INR 9,352 crore during Q4 FY26.
• Vedanta touched INR 344.50 during Tuesday’s trading session amid active volumes.
• Annual EBITDA climbed to INR 55,976 crore with margin expanding to 44 percent.

Vedanta (NSE:VEDL) traded higher on May 26, 2026, with the stock rising 3.71 percent to INR 344.85 during the morning session. The stock opened at INR 332.50 and touched an intraday high of INR 344.50, while the day’s low stood at INR 332.15. The traded volume reached 83.51 lakh shares, with traded value standing at INR 284.43 crore.

Vedanta’s total market capitalisation was reported at INR 1,34,126.31 crore, while free float market capitalisation stood at INR 58,220.20 crore. The stock remains significantly below its 52-week high of INR 795.00 touched on April 21, 2026, although it has recovered from the 52-week low of INR 268.70 recorded on April 30, 2026.

Source: Trading View

Stock Performance And Market Trends

Despite Tuesday’s gain, Vedanta’s stock performance over longer durations remained under pressure. The stock declined 52.35 percent over one month and 43 percent on a year-to-date basis. Over a one-year period, the stock fell 22.90 percent.

However, returns over three years and five years stood at 15.40 percent and 27.77 percent respectively. Compared with the NIFTY NEXT 50 index, Vedanta underperformed across shorter and longer durations except during select medium-term periods.

Record Quarterly Numbers In Focus

Vedanta reported its highest-ever quarterly revenue of INR 51,524 crore during Q4 FY26, reflecting a 29 percent year-on-year increase and a 12 percent sequential rise.  Quarterly EBITDA reached a record INR 18,447 crore, rising 59 percent year-on-year and 22 percent quarter-on-quarter. EBITDA margin expanded to 44 percent during the quarter, improving by 915 basis points year-on-year.

Profit after tax for the quarter stood at INR 9,352 crore, up 89 percent compared with the corresponding period last year and 20 percent higher sequentially. The company also reported free cash flow before capital expenditure at INR 11,930 crore, marking a 53 percent year-on-year increase. Net debt-to-EBITDA ratio improved to 0.95x, compared with 1.22x in Q4 FY25.

Annual Financial Performance

For FY26, Vedanta posted record annual revenue of INR 1,74,075 crore, up 15 percent year-on-year. Annual EBITDA stood at INR 55,976 crore, increasing 29 percent over the previous year.

Annual PAT reached INR 25,096 crore, up 22 percent year-on-year. The company stated that total capital expenditure during the year stood at INR 14,918 crore, directed toward volume expansion, supply chain integration and cost-related initiatives.

Cash and cash equivalents rose 38 percent year-on-year to INR 28,485 crore. Free cash flow before capital expenditure for FY26 was reported at INR 26,013 crore.

Vedanta also stated that its credit rating was reaffirmed at AA/Watch with Developing Implications by CRISIL and ICRA.

Source: Company Filing

Key Risks

• Commodity price volatility may impact earnings across metals and oil businesses.
• High dependence on global demand cycles could affect revenue visibility.
• Elevated encumbered promoter shareholding remains a market concern for investors.
• Regulatory and environmental approvals may influence project execution timelines.

Summary

Vedanta (NSE:VEDL) shares traded higher on May 26, 2026, following record quarterly and annual financial performance reported for FY26. The company reported record revenue, EBITDA and PAT during both quarterly and annual periods, alongside improved free cash flow and debt metrics. Despite recent gains, the stock remains below its 52-week high and has recorded negative short-term returns amid broader market volatility in metals and resource-linked counters.

FAQs

Q: Why did Vedanta shares rise on May 26, 2026?
A: Vedanta shares gained after reporting record quarterly revenue, EBITDA, PAT and improved debt metrics for Q4 FY26.

Q: What was Vedanta’s Q4 FY26 PAT figure?
A: Vedanta reported quarterly profit after tax of INR 9,352 crore during Q4 FY26 results announcement.

Q: How has Vedanta stock performed over one year?
A: Vedanta shares declined 22.90 percent over one year despite recent gains during Tuesday’s trading session.