Mining and metals conglomerate Vedanta Ltd. has reported a significant surge in its consolidated net profit, attributable to owners, for the first quarter of fiscal year 2027. The company's profit soared by 71.84% year-on-year (YoY) to Rs 5,473 crore for the quarter ending June 30, 2026, up from Rs 3,185 crore in the corresponding period last year.
Profit from continuing operations more than doubled during the quarter. However, Vedanta noted that the demerger of four other businesses impacts the comparability of current and previous figures for discontinued operations. Revenue from continuing operations also saw a substantial increase, rising 53.64% YoY to Rs 24,205 crore from Rs 15,754 crore.
Strategic Real Estate Demerger Announced
In a separate but equally significant development, Vedanta announced the demerger of its surplus real estate assets into a newly formed entity, Vedanta Property Platforms Ltd (VPPL). This strategic move aims to unlock value from these non-core assets.
Under the proposed scheme, shareholders of Vedanta Ltd. will receive one equity share of VPPL for every 20 equity shares they hold in the parent company. The assets earmarked for transfer to VPPL include approximately 2,200 acres of industrial land and nearly 55,000 square feet of residential and commercial properties.
Vedanta Group Chairman Anil Agarwal commented on the proposal, stating, "This is yet another exciting announcement from Vedanta. After the recent success of the five-way demerger creating 'pure-play' entities across oil and gas, aluminium, power, and steel, we plan to demerge the surplus real estate assets into an independent 'pure-play' company to unlock significant value for the stakeholders."
This announcement follows closely on the heels of Vedanta's successful restructuring, which saw the market debut of four new independent entities—Vedanta Iron and Steel Ltd, Vedanta Aluminium Metal Ltd, Vedanta Oil and Gas Ltd, and Vedanta Power Ltd—just three months prior.
Market Reaction
Following these announcements, Vedanta shares experienced a modest rise, settling 1.17% higher at Rs 267.60 on Thursday.