As Vedanta Group posts record FY26 earnings, Chairman Anil Agarwal lays out vision for a ‘very exciting new chapter’
Vedanta Group Chairman Anil Agarwal said on Tuesday that the company has delivered a record financial performance in 26 fiscal years and achieved the highest ever profit after tax. ₹25,096 crore revenue ₹1,74,075 crore. In a letter to shareholders, Agarwal also said that Vedanta has entered a new phase of restructuring aimed at creating value through a planned demerger.
Vedanta’s record year
Vedanta also strengthened its balance sheet with its net debt to EBITDA ratio increasing to 0.95x, positioning it for greater financial flexibility.
While total shareholder return outperformed industry benchmarks with approximately 50 percent, the company ₹34 shares per share, Agarwal stated in his letter.
Vedanta division
The demerger of the company, effective May 1, will split Vedanta into multiple industry-focused entities, each with independent growth strategies and capital allocation.
Agarwal said the move is designed to create “globally competitive” businesses with clearer strategic focus and scalability.
The demerger marks a structural change aimed at creating independent, sector-focused businesses.
“This transformation marks a significant step in unlocking value by creating focused, world-class companies, each with sharper strategic clarity and distinct growth paths,” he said.
On the way forward post-demerger, Agarwal said Vedanta Aluminum aims to increase capacity to 6 million tonnes per annum, aiming for cost leadership and global demand-driven growth in infrastructure and production.
Vedanta oil and gas plans to increase production to 300,000-500,000 barrels per day with a $5 billion investment program.
According to Agarwal, Vedanta Power is currently targeting a rapid expansion from a 4.2 GW pipeline to a 12 GW pipeline, while also exploring hydropower and nuclear power.
“Vedanta Iron & Steel plans to increase capacity from 4 million tonnes to 10 million tonnes and the potential for further expansion is supported by limited raw material resources,” the letter said. The statement was included.
Agarwal said the parent entity will retain stakes in key assets, including Hindustan Zinc Limited, as well as international zinc operations, copper, nickel and ferro alloys businesses.
invested in Vedanta ₹15,000 crore increase in capital expenditure during the year in aluminium, zinc, oil and gas and emerging businesses.
Strong Vedanta Group for tomorrow
Looking ahead, Agarwal said: “Our strategy is clear; to build a structurally strong Vedanta Group for tomorrow.” According to him, Vedanta will focus on scale, cost leadership and disciplined capital allocation while leveraging technology and artificial intelligence.
