Economy
Vedanta And Vedanta Aluminium Report Strong Q2 Profit Surge
Livemint1h
THE BRIEF
1
Mining major Vedanta and subsidiary Vedanta Aluminium Metal Limited reported doubled net profits for the second quarter of financial year 2026-27.
2
Vedanta Limited posted a consolidated net profit of ₹3,650 crore with revenue reaching ₹26,356 crore, aided by higher commodity prices, favorable forex, and increased volumes.
3
Vedanta Aluminium reduced its net debt by ₹3,090 crore sequentially, improving its net debt-to-EBITDA ratio from 0.9x to 0.7x.