Investor Presentation

vedanta transforming for good VEDL/Sec./SE/26-27/117 October 28, 2026 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers “Exchange Plaza” Dalal Street, Fort Bandra-Kurla Complex, Bandra (East), Mumbai – 400 001 Mumbai – 400 051 Scrip Code: 500295 Scrip Code: VEDL Sub: Outcome of Board Meeting held on October 28, 2026 – Press Release and Investor Presentation Dear Sir/Madam, In continuation to our Letter No. VEDL/Sec./SE/26-27/116 dated October 28, 2026, declaring the Unaudited Consolidated and Standalone Financial Results of Vedanta Limited (the “Company”) for the Second Quarter and Half Year ended September 30, 2026 (“Financial Results”), please find enclosed herewith the following: 1. Press Release in respect to the Financial Results; and 2. Investor Presentation on Financial Results. The Press Release and Investor Presentation shall also be made available on the website of the Company at www.vedantalimited.com. The meeting of the Board of Directors of the Company commenced at 01:00 p.m. IST and concluded at 02:00 p.m. IST. We request you to please take the above on record. Thanking you. Yours faithfully, For Vedanta Limited Prerna Halwasiya Company Secretary and Compliance Officer Enclosed: As above VEDANTA LIMITED REGISTERED OFFICE: Vedanta Limited, 151 Floor, ·c wing, unit 103, corporate Avenue, Atul Projects, Chakala, Andheri (East), Mumbai - 400093, Maharashtra, India I T •91 22 6643 4500 I F •91 22 6643 4530 Email: comp.sect@vedanta.co.in I Website: www.vedantalimited.com CIN: L13209MH1965PLC291394 Sensitivity: Public (C4) Vedanta Limited vedanta Regd. Office: Vedanta Limited 1st Floor, ‘C’ Wing Unit 103, Corporate Avenue, Atul Projects transforming for good Chakala, Andheri (East) Mumbai 400093, Maharashtra www.vedantalimited.com CIN: L13209MH1965PLC291394 Vedanta Limited posts record Q2 & H1 results Record Quarterly PAT of ₹6,202 crore, up 151% YoY Record Quarterly EBITDA of ₹9,938 crore, up 106% YoY Best in Industry, ND/EBITDA ratio of 0.1x, Net debt reduced by ₹4,624 crore Mumbai, Oct 28, 2026: Vedanta Limited (VEDL) today announced its Unaudited Consolidated Results for the Second Quarter and Half Year ended 30th Sep 2026. • Best-ever half-yearly PAT of ₹11,496 crore, up 151% YoY • Record half-yearly Revenue of ₹49,268 crore, up 54% YoY • Highest-ever half-yearly EBITDA of ₹18,407 crore, up 103% YoY • Net Debt / EBITDA improved to 0.1x, best-in-class in the industry • Zinc International Gamsberg Phase II commissioned, total MIC capacity to 500 kt p.a. • FACOR: Successful extraction of first tonne of underground ore from Ostapal Mines • Portfolio of 11 critical mineral blocks, 5 under exploration • Declared 1st Interim Dividend of ₹5 per share Financial Highlights Q2 and H1 FY27: o Achieved highest-ever quarterly revenue of ₹25,812 crore, up 57% YoY and 10% QoQ, taking half-yearly revenue to a record ₹49,268 crore, up 54% YoY. o Delivered best-ever quarterly EBITDA of ₹9,938 crore, up 106% YoY and 17% QoQ, taking half-yearly EBITDA to a record ₹18,407 crore, up 103% YoY. o Achieved highest-ever quarterly PAT* of ₹6,202 crore, up 151% YoY and 17% QoQ, with half- yearly PAT reaching a record ₹11,496 crore, up 151% YoY. o Quarterly EBITDA margin† of 60%, up by 1055 bps YoY and 293 bps QoQ. o Net Debt/EBITDA improved to 0.1x from 0.3x in Q1 FY27. o Net Debt reduced by ₹4,624 crore QoQ to ₹3,675 crore, from ₹8,299 crore in June 2026, majorly driven by Cash Flow from Operations. o Generated strong FCF (pre-capex) of ₹5,803 crore in Q2 FY27, compared with ₹4,412 crore in Q1 FY27, with cumulative H1 FCF (pre-capex) of ₹10,215 crore. o Invested Growth Capex of ₹1,135 crore in Q2 FY27, with cumulative H1 FY27 Growth Capex of ₹2,283 crore. o Strong liquidity with Cash & Cash Equivalents at ₹26,622 crore compared to ₹19,992 crore at the end of Q1 FY27. * PAT (Profit After Tax) is for Continuing Operations † Excluding Copper Business Registered Office: Vedanta Limited 1st Floor, ‘C’ Wing, Unit 103, Corporate Avenue, Atul Projects, Chakala, Page 1 of 4 Andheri (East), Mumbai 400093, Maharashtra, India. CIN: L13209MH1965PLC291394 Results for the Second Quarter and Half Year ended 30th Sep 2026 o Both ICRA and CRISIL reaffirmed credit rating at AA+/Stable at Vedanta Limited. o Declared 1st Interim Dividend of ₹5 per share. o Overall borrowing cost at VEDL remained at ~8.3% p.a. o In H1 FY27, VRL has successfully tied up following: o $2.15 bn of international bonds at avg. coupon rate of 7.4% and avg. maturity of 7.6 years. o $1.85 bn of syndicate term loan at SOFR + 265 bps with an avg. maturity of 3 years. o VRL credit ratings at decadal high, S&P & Fitch Ratings: BB/Stable and Moody’s: Ba3/Positive. Business Highlights Q2 FY27 and H1 FY27: Key businesses continue to deliver strong operating performance: ▪ Zinc India o Record Q2 mined metal production at 271 kt, up 5% YoY; record H1 at 539 kt, up 3% YoY. o Silver production at 173 t in Q2, up 20% YoY; H1 at 321 t, up 10% YoY. o Lowest Zinc COP post underground transition at 703 $/t, lower 29% YoY and 17% QoQ. ▪ Zinc International o Mined metal production at 53 kt in Q2, down 12% YoY and up 9% QoQ; H1 at 102 kt, down 13% YoY. o Gamsberg Phase II was commissioned during Q2 FY27, adding 200 ktpa of MIC capacity and increasing total VZI capacity to 500 ktpa. ▪ Copper o Copper India sales at 52 kt in Q2, up 16% YoY. H1 sales at 105 kt, up 9% YoY. o Copper International sales at 6 kt in Q2, down 74% YoY and 43% QoQ; H1 at 16 kt, down 64% YoY, impacted by closure of the Strait of Hormuz. o Copper International: 155 KTPA rod plant at KSA progressing well, expected commissioning in Q3 FY27. ▪ FACOR o Record Q2 ore production at 50 kt, up 6% YoY; record H1 at 202 kt, up 31% YoY. o Ferrochrome production at 24 kt in Q2, up 26% YoY; H1 at 53 kt, up 13% YoY. o Successful extraction of underground ore from the Ostapal Mines, to strengthen ore linkage security. ▪ Ports (Vizag General Cargo Berth) o Record Q2 dispatch volume at 1.74 MMT, up 26% YoY; H1 at 3.39 MMT, up 18% YoY. o Discharge volume at 1.83 MMT in Q2, up 22% YoY; H1 at 4.19 MMT, up 32% YoY. Commenting on Q2FY27 results, Mr. Arun Misra, Executive Director, Vedanta Ltd, said, “Vedanta delivered another quarter of strong operational performance, marked by record mined metal production of 271 kt and record 1H mined metal production for the 6th consecutive year along with best-ever 1H refined metal production at Zinc India, the successful commissioning of Gamsberg Phase II at Zinc International, record chrome ore production and 100% ore procurement at FACOR, and the highest quarterly cathode production at Copper India. Alongside these operating Page 2 of 4 Results for the Second Quarter and Half Year ended 30th Sep 2026 milestones, we invested ₹1,135 crore towards our growth projects, advancing capacity expansions, mine development and resource security initiatives across the portfolio. The consistent delivery of these milestones reflects the strength of our diversified asset base and our continued focus on volume growth, cost leadership and creating value for all stakeholders.” Mr. Ajay Goel, Group CFO, Vedanta, said, “Vedanta Limited delivered a record financial performance in Q2 FY27, with highest-ever revenue of ₹25,812 crore, EBITDA of ₹9,938 crore and PAT of ₹6,202 crore. Strong cash generation of ₹5,803 crore during the quarter enabled us to reduce net debt by ₹4,624 crore to ₹3,675 crore, with Net Debt/EBITDA improving further from 0.3x to 0.1x. With multiple growth engines across Hindustan Zinc, Zinc International, FACOR, Copper and Ports and with a rich portfolio of critical mineral blocks, Vedanta Limited is well positioned to charter the next phase of growth while maintaining financial discipline and creating long-term value.” Q2 FY27 ESG Highlights • Improved safety performance, with LTIFR reducing to 0.50 in from 0.70 in Q2FY26 and TRIFR improving to 1.51 from 1.80, supported by over 80,000 Critical Risk Management [Showing first 8,000 characters — download PDF for full document]