Slides
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EARNINGS PRESENTATION 2QFY26 Vedanta Limited
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Sensitivity: Internal (C3) Table of Contents 1 4 5 Highlights Quarterly Highlights 3 Business Performance Aluminium | Zinc India | Zinc International | O&G | Power | Iron & Steel 2 ESG Highlights | Ratings | CSR Finance Update P&L | Balance Sheet | Capex Profile | Guidance | Deleveraging Appendix
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Highlights 2Q & 1H FY26
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Sensitivity: Public (C4) 2Q Highlights EBITDA PAT before exceptional ₹11,612 crore +12% YoY Highest1 ever 2Q EBITDA +13% YoY Reported PAT ₹ 3,479 Cr. Revenue ₹ 39,218 crore +6% YoY Highest ever 2Q Revenue EBITDA Margin Refinanced 550 Mn$ High-cost debt Production ₹ 5,026 crore Volume growth (YoY) Record Aluminum : 617 kt (+1%) Record Alumina: 653 kt (+31%) Record 2Q Mined metal Zinc India : 258 kt (+1%) Record Pig Iron Production: 238 kt (+26%) Zinc International: 60 kt (+38%) 34%2 AA CRISIL & ICRA VRL RefinancingCredit Rating ROCE Reaffirmed credit rating for Vedanta Limited Net Debt/ EBITDA BALCO: produces First Metal from India’s largest 525 kA Smelter Lanjigarh: produces first alumina from 1.5 MTPA Train-II 1. Comparative excludes One time cairn arbitration gain in 2QFY24 2. Excluding one-off gain ~26% +347 bps YoY Merchant Power capacity enhanced to 4.2 GW with commissioning of Athena 600 MW and Meenakshi 1000 MW Declared Dividend ₹16/share HZL added to Nifty Next 50 Index w.e.f Sep 30,2025 1.37x vs 1.49x in 2QFY25 Overall interest cost reduced to ~10% with average maturity extended to ~4.5 years +69 bps YoY HZL: Debari Roaster commissioned
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Sensitivity: Public (C4) 1H Highlights EBITDA PAT before exceptional ₹22,358 crore +8% YoY Highest ever 1H EBITDA Flat YoY Reported PAT ₹ 7,936 Cr. Revenue ₹ 76,652 crore +6% YoY Highest ever 1H Revenue EBITDA Margin ~ ₹3000 crore Production ₹ 9,483 crore Volume growth (YoY) Record Aluminum : 1222 kt (1%) Record Alumina: 1240 kt (+19%) Record 1H Mined metal Zinc India: 523 kt (+1%) Zinc International: 117 kt (+44%) +75 bps YoY Corporate actions 35%1 Rewarding Shareholders COP 5-Year TSR 424% Zinc India ↓ 8% YoY Zinc International ↓1% YoY Zinc India Lowest 1H COP in Five Years Growth Capex of USD 0.9 bn in 1H ESL: Railway Siding and Raw Material Handling System commissioned Vedanta Group secured 3 additional mining blocks of high-value critical minerals, thereby taking the total count of assigned blocks to 11 HZL becomes the 1st Indian Company to become a Member Of International Council Of Mining & Metals 5-year Cumulative Dividend yield of 83.6% ₹23/- per share Dividend paid 1. Excluding one-off gain Raised via HZL stake sale
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Sensitivity: Internal (C3) Environment, Social & Governance
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Sensitivity: Internal (C3) 7 Vedanta Limited 2QFY26 Investor Presentation 22% Women in workforce, 36% in enabling functions Transforming Communities Transforming Planet 1.03 GW RE RTC PDA in place 3.7 million Trees Planted Transforming Workplace HSES Our commitment to excellence – our path to leadership 1.23 TRIFR 27.5 million Women & Children Benefitted 1.56 million Families Skilled
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Sensitivity: Internal (C3) 8 Vedanta Limited 1QFY26 Investor Presentation CSR-Empowering communities with focused actions 1367 NGs (9441 cumulative) Healthcare Drinking water and sanitation Community Infrastructure Children’s well-being and education Environment protection & restoration Women Empowerment Sports and culture Livelihood and Skilling ✓ ~1809 villages ✓ 10 Aspirational Districts ✓ 15 States 1.63 Mn 0.33 Mn 0.29 Mn 0.07 Mn 0.07 Mn 0.15 Mn Animal Welfare > 8k 0.33 Mn 0.59 Mn 0.03 Mn Public Disclosure numbers, Financials & Programmatic numbers are under audit (Spend includes Set Off amount of HZL: 8.6 Cr) Beneficiaries 1H Highlights 3.5 Mn Beneficiaries ₹ 425.4 Cr Annual Budget ₹ 170.60 Cr CSR 1H Spend * 296 331 399.6 453.6 437.9 429.6 534.9 170.6 CSR Spend (Cr) Vedanta Limited 2QFY26 Investor Presentation
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Sensitivity: Internal (C3) 9 Vedanta Limited 2QFY26 Investor Presentation Hindustan Zinc is now part of the exclusive global league of 26 companies recognized for excellence in responsible mining Global gold standard for environmental stewardship, safety, and responsible mining Helps the Company to achieve the vision of becoming the largest and most admired Zinc, Silver and Lead producer Accelerates the sustainability journey in alignment with international best practices Puts India on the global map of sustainability- driven growth in mining Hindustan Zinc is now a Member ICCM 1st Indian Company to join the International Council on Mining & Metals
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Sensitivity: Internal (C3) 10 Vedanta Limited 2QFY26 Investor Presentation Health, Safety, Environment, and Sustainability BU Initiatives Transforming Planet Transforming Workplace Transforming Communities ▪ 2 lakh+ saplings planted across operations ▪ HZL cut underground mining emissions by ~30% through India’s first Diesel-Electric Load Haul Dump (LHD) machine. ▪ FACOR signed an MoU with IOCL, reducing annual carbon emissions by ~3,020 tCO₂e. ▪ VAB earned 19,261 Energy Saving Certificates (ESCerts) under PAT Cycle-7 (FY22–FY25), translating to a projected ₹4+ crore financial gain. ▪ Vedanta Lanjigarh launched a Digital Fire Safety Management Portal, enabling real-time inspections, compliance tracking. ▪ Cairn conducted a HSE business partner workshop on the ‘’Behavior based Safety’ along with over 20 BPs. ▪ HZL hosted with a two-day S.A.F.E (Safety Awareness for Excellence in Leadership) workshop 35 senior leaders, focusing on strengthening safety leadership and proactive hazard identification. ▪ Vedanta employs 55+ individuals from the LGBTQ+ community across its business units ▪ Hindustan Zinc signed an ₹85 crore MoU with the Rajasthan Heritage Authority to develop the Heritage Corridor at Poonchari ka Lautha, Deeg, restoring heritage sites and boosting local livelihoods. ▪ Cairn built 115 rainwater harvesting structures in Barmer, enabling the collection of 0.23 million KL of rainwater annually
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Sensitivity: Internal (C3) Business Performance 2QFY26
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Sensitivity: Internal (C3) 12 Vedanta Limited 2QFY26 Investor Presentation 609 605 617 2Q FY25 1Q FY26 2Q FY26 Other Highlights: ▪ BALCO achieved 1st Metal production from the new 525 kA facility ▪ 1st Alumina produced from Train II at Lanjigarh CoP: Cost of Production Aluminium Business Focused on growth and end-to-end integration Aluminium Production (kt) Aluminium CoP & Margin +1% y-o-y 1,205 1,222 1H FY25 1H FY26 1,734 1,765 1,826 827 883 943 * 2Q FY25 1Q FY26 2Q FY26 COP ($/t) Margin ($/t) 1,725 1,796 870 914 * 1H FY25 1H FY26 *Excluding a One-off Key Highlights: ▪ Highest ever Quarterly & Half-Yearly Metal Production at 617 kt (+1% YoY) & 1,222 kt (+1% YoY) respectively ▪ Best-ever Quarterly & Half-Yearly Alumina Production at 653 kt (+31% YoY) & 1,240 kt (+19% YoY) respectively ▪ Lowest Half-Yearly Power cost in the last 8 periods at 529 $/t ▪ Highest Margin in the last 14 Quarters at 943* $/t
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Sensitivity: Internal (C3) 13 Vedanta Limited 2QFY26 Investor Presentation *COP is excluding royalty Zinc India Highest-ever 2Q and 1H mined metal production 116: 191: 69 0: 99: 168 237: 125: 49 109: 110: 113 ▪ Highest-ever 2Q and 1H mined metal production at 258 kt and 523 kt, respectively ▪ 2Q refined metal production was 246 kt. It was 496 kt in 1H ▪ 2Q saleable silver production was 144 MT, lower in line with lead production. For 1H, it stood at 293 MT ▪ Silver drives c.40% of overall profit, uniquely positioned for riding the silver wave ▪ Included in Nifty 100 & Nifty Next 50 w.e.f. 30th Sep 2025 Mined Metal Refined Metal Saleable Silver Production (kt) Production (kt) Production (MT) ▪ 5-year lowest 2Q and 1H zinc cost of production* of $994/MT (better 7% YoY) and $1,002/MT (better 8% YoY), respectively ▪ 160 Ktpa Roaster at Debari commissioned and Debottlenecking at Dariba Smelting Complex completed ▪ Board approved India’s 1st Zinc tailing reprocessing plant of 10 Mtpa at Rampura Agucha ▪ First Indian Company to join International Council on Mining and Metals (ICMM), its first new member since 2021 256 265 258 2Q FY25 1Q FY26 2Q FY26 519 523 1H FY25 1H FY26 262 250 246 2Q FY25 1Q FY26 2Q FY26 524 496 1H FY25 1H FY26 1,089 1,002 1H FY25 1H FY26 1,071 1,010 994 2Q FY25 1Q FY26 2Q FY26 COP ($/T)* 184 149 144 2Q FY25 1Q FY26 2Q FY26 350 293 1H FY25 1H FY26
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VZI Sensitivity: Internal (C3) 14 Vedanta Limited 2QFY26 Investor Presentation Key Highlights: ▪ Highest ever quarterly rock mined at Gamsberg of 24MT ▪ 2QFY26 production jumps 38% YoY supported by 54% increase at Gamsberg ▪ 1HFY26 production higher by 44% YoY due to robust performance at Gamsberg which register 63% increase ▪ Gamsberg COP 1HFY26 down 8% YoY because of higher production, offset by higher TcRC and forex impact ▪ Higher treatment costs & exchange rate movements contributed to the elevated CoP. However, the FY26 Guidance remains unchanged as these costs were accounted for. MIC: Metal in concentrate; COP: Cost of production with TcRc cost. 116: 191: 69 0: 99: 168 237: 125: 49 109: 110: 113 Zinc International Strong performance led by improved mining Total MIC Production 44 57 60 2Q FY25 1Q FY26 2Q FY26 6% increase q-o-q 81 117 1H FY25 1H FY26 Gamsberg CoP 1,125 1,054 1,282 2Q FY25 1Q FY26 2Q FY26 COP incl TcRc ($/T) 1,271 1,172 1H FY25 1H FY26 Growth: Gamsberg Phase 2 ▪ Overall progress is at 82.4%. Project completion targeted in 2HFY26. 38% increase y-o-y
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VZI Sensitivity: Internal (C3) 15 Vedanta Limited 2QFY26 Investor Presentation Growth Projects: ▪ Wells Drilling: Drilled 6 wells across RDG, Saraswati and Mangala ASP (Cluster C). ▪ Western Offshore: Drilling commenced in Dwarka; Ambe planned in 3QFY26. ▪ Unconventional: 1 well drilled. Further testing is ongoing. ▪ KG Deepwater: 3-5 wells program being planned for drilling in 2QFY27. Kboepd: Thousand barrel of oil equivalent per day; Boe: barrel of oil equivalent; ASP: Alkaline Surfactant Polymer; RDG: Raageshwari Deep Gas; Oil & Gas Investing strategically to sustain long-term value Key highlights: ▪ 2QFY26 production at 89 kboepd due to natural decline; partially offset by Infill drilling & well intervention measures. ▪ 2QFY26 opex lower by 4% QoQ, due to optimised polymer injection and lower maintenance activities. ▪ ASP Injection is being targeted in mid of 3QFY26. Gross Production (kboepd) 104.9 93.2 89.3 2Q FY25 1Q FY26 2Q FY26 108.6 91.3 1H FY25 1H FY26 15.0 15.1 14.5 2Q FY25 1Q FY26 2Q FY26 14.8 14.8 1H FY25 1H FY26 Note: Production numbers above factors Cambay block average production per day till 19th Sep’25, as on the stated date MoPNG informed the contractors of the block (a three-party Joint Venture, including Vedanta as Operator) that their application for PSC extension hasn’t been accepted. The matter is now sub-judice Opex ($/boe)
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Sensitivity: Internal (C3) 16 Vedanta Limited 2QFY26 Investor Presentation TSPL Cost of Generation is based on normative availability of 80% Merchant Thermal Power Powering growth through reliable and efficient energy solutions 116: 191: 69 0: 99: 168 237: 125: 49 109: 110: 113 Key Highlights: ▪ Meenakshi Power Plant: Unit 3&4 (350MW each) operationalized with PLF of 48% in 2QFY26 ▪ Highest ever Power Generation of 3889 MU in 2QFY26 (7.9% increase YoY & 4.4% increase QoQ) ▪ Newly commissioned Athena & Meenakshi contributed 45% EBITDA to Merchant Thermal Power Business in 2QFY26. Overall EBITDA declined due to a lower PLF at Jharsuguda, which is expected to improve in the upcoming quarters Thermal Power Capacity (MW) Gross Sales (in Mn units) Cost of Generation (₹/Kwhr) Growth Projects: ▪ Meenakshi Power Plant: MEL achieves commissioned capacity of 1GW ▪ Athena: Unit 1 (600MW) commercialized in 2QFY26 ▪ Athena: Unit 2 (600MW) is expected to start commissioning in 4QFY26 3602 3724 3889 2QFY25 1QFY26 2QFY26 2880 2880 4180 2QFY25 1QFY26 2QFY26 3.7 3.6 3.7 11.1 6.0 5.6 3.1 2.8 3.24.2 2QFY25 1QFY26 2QFY26 TSPL MEL JSG Athena
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VZI Sensitivity: Internal (C3) 17 Vedanta Limited 2QFY26 Investor Presentation 395 451 1H FY25 1H FY26 189 213 238 2Q FY25 1Q FY26 2Q FY26 1.3 1.8 1.1 2Q FY25 1Q FY26 2Q FY26 2.6 2.9 1H FY25 1H FY26 VAB: Value Added Business; IOK: Iron Ore Karnataka; IOG: Iron Ore Goa; EC: Environmental Clearance; Iron and Steel Iron Ore Business VAB Production (kt) ▪ VAB achieved the highest ever quarterly and half yearly production of 238 and 451 KT respectively. ▪ VAB achieved the highest ever quarterly pig iron sales of 260 KT. Production (mn DMT) (IOG + IOK) 652 623 1H FY25 1H FY26 296 349 274 2Q FY25 1Q FY26 2Q FY26 Saleable production (kt) ESL FACOR 53 47 1H FY25 1H FY26 26 28 19 2Q FY25 1Q FY26 2Q FY26 ▪ 2QFY26 production was at 19kt, reflecting a 28% YoY & 34% QoQ decrease due to a one-month planned shutdown of one furnace ▪ 1HFY26 production declined 12% YoY decrease primarily due to a one-month planned shutdown of one furnace ▪ 1HFY26 Saleable Ore Production higher by 11% YoY. IOG- Dispatch capacity increased to 0.28 mn DMT per month. ▪ QoQ Production declined due to monsoon-related moisture, which slowed down operations ▪ Letter of Intent received for Janthakal mine. ▪ Saleable production down 22% QoQ & 8% YoY given the maintenance activities in one of the furnaces ▪ 1HFY26 saleable production stood at 623 kt, declined 4% YoY , due to maintenance activities in one of the blast furnaces Ferro Chrome production (kt)
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VZI Sensitivity: Internal (C3) 18 Vedanta Limited 2QFY26 Investor Presentation Projects Commissioning Schedule Business Segment FY26 FY27 / FY28 Aluminium • BALCO Smelter Expansion (First Metal from India’s largest 525 kA smelter) • Lanjigarh Expansion 3.5 to 5 MTPA (First Alumina from Train-2) • Kuraloi Coal Mine • Sijimali Bauxite Mine • Ghogarpalli Coal Mine • Debottlenecking to 6 MTPA at Lanjigarh • Smelter capacity expansion to 3.1 MTPA & VAP to 90% Zinc India • 160 KTPA Debari Roaster • 21 KTPA Cell House Debottlenecking • Hot Acid Leaching Plant (27 TPA silver + 6 KTPA lead) • 510 KTPA Fertiliser Project Zinc International • 200 KTPA MIC Gamsberg Ph-2 Oil & Gas • ASP Project at Mangala Cluster ‘C’ (initiated) • Unconventional exploration in Barmer Basin (initiated) • Exploration cum appraisal campaign in West Coast (initiated) • Appraisal of Rudra discovery in Northeast • Full scale ASP execution across MBA fields • Exploration wells in East Coast Deep Water Block • Tight Oil monetisation in Barmer basin • Exploration across prospects in North East Iron Ore • Bicholim Mine (Goa) expansion from 3 to 3.6 MTPA • 0.5 MTPA Cudnem Mine (Goa) • 420 KTPA DI Pipe Plant (Goa) • Bicholim Mine (Goa) expansion from 3.6 to 4.32 MTPA • Janthakal Mine (Karnataka) • 4 MTPA Wet Beneficiation Plant at IOK Ferrochrome • Ostapal Underground Operations • 0.5 MTPA Chrome ore Beneficiation Plant • Restart of Kalarangiatta Mine • Smelter Plant Production to 500 KTPA Steel • Railway Siding and Raw Material Handling System • Coke Oven of 0.5 MTPA • Doubling of VAP capacity from 1.4 to 2.8 MTPA • Hot Metal Capacity Expansion from 1.7 to 3.5 MTPA Power • 1000 MW at Meenakshi Power • 600 MW at Athena • Additional 600 MW at Athena taking total capacity to 1200 MW Note: Text highlighted in Blue represents projects that have been fully or partially commissioned
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Sensitivity: Internal (C3) Finance Update 2QFY26
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Sensitivity: Internal (C3) 20 Vedanta Limited 2QFY26 Investor Presentation 2QFY26 Financial Snapshot EBITDA ₹ 11,612 crore 12% y-o-y REVENUE ₹ 39,218 crore 6% y-o-y EBITDA Margin1 34% 69 bps y-o-y PAT before exceptional ₹ 5,026 crore Reported PAT ₹ 3,479 Cr. ROCE2 c.26% 347 bps y-o-y FCF (Pre-capex) ₹ 4,895 crore Net Debt/EBITDA 1.37x vs 1.49x in 2QFY25 Cash & Cash Equivalent ₹ 21,481 crore Strong Liquidity Position 1. Excludes custom smelting at Copper Business and one-off 2. ROCE is EBIT net of tax outflow divided by average capital employed
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Sensitivity: Internal (C3) 21 Vedanta Limited 2QFY26 Investor Presentation Ex rate: 2QFY26 87.3 vs 2QFY25 83.8 10,364 1,184 63 (281) (403) (231) 11,612 2QFY25 LME / Brent /Premium Input Commodity Inflation Forex Rebased EBITDA Volume Cost & marketing Others 2QFY26 EBITDA BRIDGE (2QFY26 vs. 2QFY25) (In ₹ crore) 116: 191: 69 0: 99: 168 237: 125: 49 109: 110: 113 +12% YoY Market & Regulatory 2,163 Alum 1,089 Silver 421 916 12,527
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Sensitivity: Internal (C3) 22 Vedanta Limited 2QFY26 Investor Presentation 1QFY26 LME / Brent /Premium Input Commodity Inflation Forex Rebased EBITDA Volume Cost & marketing Others 2QFY26 Ex rate: 2QFY26 87.3 vs 1QFY26 85.6 EBITDA BRIDGE (2QFY26 vs. 1QFY26) (In ₹ crore) 116: 191: 69 0: 99: 168 237: 125: 49 109: 110: 113 Market & Regulatory 1,581 1,076 Alum 704 Silver 219 Zinc 280 +8% QoQ 83 422 348 (669) (394) 11,612 10,746 12,327
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Sensitivity: Internal (C3) 23 Vedanta Limited 2QFY26 Investor Presentation Net Debt Walk 2QFY26 (In ₹ crore) 116: 191: 69 0: 99: 168 237: 125: 49 109: 110: 113 58,220 (8,940) 485 6,772 6,256 (730) 62,063 Net Debt 30 June'25 Cash Flow From Operations Working capital Capex Dividend Others Net Debt 30 Sep'25 FCF post Capex 1,683 Cr.
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Sensitivity: Internal (C3) 24 Vedanta Limited 2QFY26 Investor Presentation *YTD average Balance Sheet and Debt Breakdown Net debt / EBITDA Debt breakdown ▪ Strong Liquidity: Cash and Cash Equivalents at ₹ 21,481 crores ▪ Net Interest*: o Interest Income ~ 7% o Interest Expense ~9% ▪ Maturity: proactive credit management; average term debt maturity maintained ~3 years ▪ Re-affirmation in Credit Rating : o ICRA Ratings: AA / Watch with Developing Implications o CRISIL Ratings: AA / Watch with Developing Implications Gross Debt In $bn In ₹ 000’ crores Term debt 8.84 78.50 Working capital 0.15 1.34 Short term borrowing 0.42 3.70 Total consolidated debt 9.41 83.54 Cash and Cash Equivalents 2.42 21.48 Net Debt 6.99 62.06 Debt breakup ($9.41bn) - INR Debt 80% - USD / Foreign Currency Debt 20% 1.55 1.54 1.49 1.40 1.22 1.32 1.37 4QFY24 1QFY25 2QFY25 3QFY25 4QFY25 1QFY26 2QFY26
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Sensitivity: Internal (C3) 25 Vedanta Limited 2QFY26 Investor Presentation <1x Group1 Net Debt/EBITDA 3.3x> ~1x2x2.7x FY24 FY25 Med TermFY20 > > > 8.9 7.2 5.6 4.9 4.4 Mar'22 Mar'23 Mar'24 Mar'25 Sep'25 Net Debt at VRL Standalone2 ▪ Average debt maturity extended to ~4.5 years ▪ Interest cost down to ~10% ▪ US$ 0.75 Bn maturities till March 2028 • 2QFY26 closing interest cost stands at ~9%, down ~150 bps y-oy • Average term debt maturity maintained ~3 years 1.4 3.2 3.7 3.0 3.2 3.3 Vedanta Limited Global Peer 1 Global Peer 2 Indian Peer 1 Indian Peer 2 Industry Average Net Debt to EBITDA Ratio1 1.5x 1.4x Current Near Term1QFY25 > > VEDL ND/EBITDA Vedanta Limited Vedanta Resources > $4.5 bn US$ bn Continuous Deleveraging Vedanta Resources (Parent)Vedanta Limited 1. Source: Bloomberg 2. Excluding ICL of $417 mn Debt maturity at VRL2 (as on date) 0.30 0.45 0.33 0.13 0.30 1.20 0.55 0.50 0.50 0.55 FY27 FY28 FY29 FY30 FY31 FY32 FY33 FY34 Loans Bonds US$ bn
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Sensitivity: Internal (C3) 26 Vedanta Limited 2QFY26 Investor Presentation 0.2 0.4 0.3 0.3 0.2 0.3-0.350.0 0.1 0.3 0.3 0.2 0.55-0.6 0.3 0.5 0.7 0.6 0.3 0.6-0.65 0.2 0.2 0.1 0.3 0.2 0.3-0.35 0.7 1.2 1.4 1.5 0.9 1.7-1.9^ FY2022 FY2023 FY2024 FY2025 1H FY2026 FY2026e Oil & Gas Zinc Al & Power Others FCF pre capex ~3.6 ~3.5 ~2.8 ~3.2 ~1.0 ^ Including recently announced 250 ktpa Integrated smelter and 10 Mtpa zinc tailing reprocessing plant Continued Disciplined Investment in Value Adding Growth Growth Capex profile 116: 191: 69 0: 99: 168 237: 125: 49 109: 110: 113 ($ Bn)
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Sensitivity: Internal (C3) Appendix
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Sensitivity: Internal (C3) 28 Vedanta Limited 2QFY26 Investor Presentation 1. Including trial run production 2. Hot metal CoP 3. CoP excluding royalty Alumina 3.0-3.1 Mnt Aluminium1 2.5 -2.6 Mnt CoP2 $1,700/t - $1,750/t Mined Metal 1,115 - 1,135 kt Finished Metal 1,065 – 1,085 kt Silver 670 - 690 tonnes CoP3 ~$1,000/t Gamsberg 180 - 200 kt BMM 55 – 65 kt CoP $1,250/t – $1,350/t Zinc India Aluminum Oil and Gas Average Gross Volume 90-95 kboepd Opex $15-16/boe Iron Ore & VAB Karnataka 5.5 – 6.1 Mnt Orissa 4.5 – 5.2 Mnt Goa 2.2 – 2.7 Mnt Pig Iron 950 - 1050 kt Zinc International ESL FACOR Power TSPL PAF Athena PLF Meenakshi PLF 85% 61% 52% Hot Metal 1.5-1.6 Mnt Ferrochrome 100 – 110 kt FY26 Production and Cost Guidance
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Sensitivity: Internal (C3) 29 Vedanta Limited 2QFY26 Investor Presentation Summary of Income statement ▪ Depreciation & Amortization o 2QFY26 increased by 6% YoY and 2% QoQ mainly at Zinc International due to increased production ▪ Finance Cost o 2QFY26 increased 4% QoQ majorly due to one-offs in 1QFY26 o 2QFY26 lower 21% YoY mainly due to decrease in interest rates ▪ Investment Income o 2QFY26 lower 3% YoY due to change in investment mix o 2QFY26 lower 10% QoQ due to interest on income tax refund in 1QFY26. ▪ Taxes o ETR for 2QFY26 is 28%. In ₹ Crore 2Q 1Q 2Q FY26 FY26 FY25 Revenue from operations 39,218 37,434 37,171 Other operating income 650 390 463 EBITDA 11,612 10,746 10,364 Depreciation & amortization (2,868) (2,824) (2,696) Exploration Cost written off (187) (757) (43) Finance Cost (2,110) (2,026) (2,667) Investment Income 701 779 722 Exchange gain/(loss) (133) 135 85 Tax Charge (1,988) (1,596) (1,298) PAT before exceptional 5,026 4,457 4,467 Exceptional items (net of tax) (1,547) - 1,136 PAT 3,479 4,457 5,603 PAT before exceptional Up 13% YoY and QoQ
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Sensitivity: Internal (C3) 30 Vedanta Limited 2QFY26 Investor Presentation 1. Capex approved for Cairn represents Net capex; however Gross capex is Rs. ~11,000 crore. 2. Is calculated on closing exchange rate 3. Unspent capex represents the difference between total capex approved and cumulative spend as on 30th Sep 2025. Project Capex Capex in Progress (In INR Crore.) Approved Capex2 Spent up to FY25 Spent in 1HFY26 Unspent3 as on 30th Sep 2025 Cairn India1 – Mangala, Bhagyam & Aishwariya infill, OALP, ABH infill, RDG infill, Offshore infill etc 8,471 3,339 1,435 3,697 Aluminium Sector Jharsuguda VAP capacity expansion and others 1,656 1,314 142 200 Coal & Bauxite Mines (Jamkhani, Radhikapur, Kurloi, Ghogharpalli,Sijimali) 8,245 931 467 6,847 Lanjigarh Refinery: 2 to 5 MTPA 6,585 5,153 442 990 Balco smelter and VAP capacity expansion 11,226 7,794 1,624 1,808 Zinc India Roaster (Debari) 1,025 973 27 25 250 KTPA Integrated Zinc metal complex 12,000 - 7 11,993 RA Tailing Reprocessing 3,823 - 32 3,791 Others 3,252 1,575 624 1,054 Zinc International Gamsberg Phase II Project 5,284 2,886 666 1,732 Iron Ore Project 329 231 9 89 ESL 1.5 to 3 MTPA hot metal 2,851 1,548 288 1,015 Facor 150 to 450 KTPA ferro chrome 2,650 214 731 1,705 Athena Power Project 3,870 1,523 983 1,364 Iron Ore DI Pipe 722 131 72 519 3 MTPA Magnetite iron ore concentrator plant at Liberia 2,486 4 5 2,478 Vedanta Copper International Copper Rod Plant- KSA 279 15 6 258
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Sensitivity: Internal (C3) 31 Vedanta Limited 2QFY26 Investor Presentation THLZV: THL Zinc Venture Limited Entity-wise Cash and Debt Notes: 1. Cairn India Holdings Limited is a wholly owned subsidiary of Vedanta Limited which holds 50% of the group’s share in RJ Block 2. THLZV is 100% subsidiary of Vedanta Ltd. and holding company of Zinc International. 3. Others includes MALCO Energy, TCM, VGCB, Fujairah Gold, FACOR, Vedanta Limited Investment Companies, ASI, Semi-conductor, Vedanta Copper International, Display and Inter company elimination Company Sep 30, 2025 June 30, 2025 Sep 30, 2024 Debt Cash & Cash Eq Net Debt Debt Cash & Cash Eq Net Debt Debt Cash & Cash Eq Net Debt Vedanta Limited Standalone 51,724 8,202 43,521 46,859 8,422 38,437 40,661 9,324 31,337 Cairn India Holdings Limited1 2,781 2,277 504 1,908 2,249 (341) 2,135 1,541 593 Hindustan Zinc Limited 10,702 8,155 2,547 13,524 9,340 4,184 13,668 7,948 5,721 Zinc International 2,220 201 2,019 2,141 52 2,090 1,676 809 867 THLZV2 3,106 174 2,933 2,996 117 2,879 7,493 58 7,435 BALCO 3,325 1,457 1,868 3,372 1,137 2,235 2,802 1,185 1,618 Talwandi Sabo 5,184 14 5,170 5,244 46 5,197 5,931 46 5,885 ESL 1,409 235 1,174 1,575 279 1,296 1,681 315 1,366 Bloom Fountain Limited 1,757 3 1,754 1,689 1 1,688 1,638 81 1,557 Meenakshi Energy 1,062 170 892 889 20 869 819 9 810 Others3 275 594 (319) 159 474 (315) 151 410 (260) Vedanta Limited Consolidated 83,544 21,481 62,063 80,357 22,137 58,220 78,654 21,727 56,927 (In ₹ crore)
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Sensitivity: Internal (C3) 32 Vedanta Limited 2QFY26 Investor Presentation 4.8 11.9 10.5 21.4 1.5 13.4 7.3 7.7 FY26 FY27 FY28 FY29 & Beyond Standalone Subsidiaries Note: USD–INR: ₹ 88.80 on Sep 30, 2025 Funding Sources and Term Debt Maturities Long Term debt of $5.5 bn at Standalone and $3.3 bn at Subsidiaries, total consolidated $8.8 bn Diversified Funding Sources for Long Term Debt of $8.8 Bn (as of Sep 30, 2025) Long Term Debt Maturities : ₹ 78.51K crore ($8.8 bn) (as of Sep 30, 2025) 23% 57% 20% 0.1% Bonds INR Term Loan INR Term Loan Fx Bonds Fx In ₹ 000’ crore 116: 191: 69 0: 99: 168 237: 125: 49 109: 110: 113 .6.3 25.3 17.8 29.1
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Sensitivity: Internal (C3) 33 Vedanta Limited 2QFY26 Investor Presentation Segment Summary – Aluminium Production (In ’000 tonnes, or as stated) Quarter Half year 2QFY26 2QFY25 % YoY 1QFY26 1HFY26 1HFY25 % YoY Alumina – Lanjigarh 653 499 31% 587 1,240 1,039 19% Total Aluminum Production 617 609 1% 605 1,222 1,205 1% Jharsuguda 467 460 2% 460 927 910 2% Balco 150 149 1% 144 295 295 0% Financials (In ₹ crore, or as stated) Revenue 15,671 13,734 14% 14,556 30,227 27,249 11% EBITDA – BALCO 1,895 1,130 68% 1,198 3,092 2,404 29% EBITDA – Vedanta Aluminium 3,637 3,029 20% 3,264 6,902 6,195 11% EBITDA Aluminum Segment 5,532 4,159 33% 4,462 9,994 8,600 16% Alumina CoP – Lanjigarh ($/MT) 379 354 7% 379 379 338 12% Alumina CoP – Lanjigarh (₹ /MT) 33,091 29,700 11% 32,430 32,762 28,200 16% Aluminium CoP – ($/MT) 1,826 1,734 5% 1,765 1,796 1,725 4% Aluminium CoP – (₹ /MT) 159,463 145,200 10% 150,993 155,253 144,200 8% Aluminum CoP – Jharsuguda ($/MT) 1,828 1,665 10% 1,717 1,773 1,665 6% Aluminium CoP – Jharsuguda(₹ /MT) 159,607 139,500 14% 146,900 153,235 139,200 10% Aluminum CoP – BALCO ($/MT) 1,819 1,948 (7%) 1,915 1,866 1,910 (2%) Aluminium CoP – BALCO (₹ /MT) 158,848 163,200 (3%) 163,840 161,344 159,600 1% Aluminum LME Price ($/MT) 2,618 2,382 10% 2,448 2,535 2,449 4%
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Sensitivity: Internal (C3) 34 Vedanta Limited 2QFY26 Investor Presentation 2,618 2,618 2,868 943 3 248 824 565 437 100 LME Strategic hedging Premium Realisation Alumina Power Other hot metal Conversion & other EBITDA Aluminium Profitability $/t 2QFY26 2,382 13 244 2,639 (813) (564) (357) (78) 827 1,826 116: 191: 69 0: 99: 168 237: 125: 49 109: 110: 113 Hot metal cost 2QFY25 1,734 Margin improved 14% YoY *Excluding a one-off *
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Sensitivity: Internal (C3) 35 Vedanta Limited 2QFY26 Investor Presentation Segment Summary – Zinc India Notes: 1. Includes 2.5kt, 5.1kt and 7.5kt of metal production from Hindustan Zinc Alloys Private Limited (100% subsidiary of HZL) in 2QFY26, 1QFY26, & 1HFY26 respectively 2. Excludes captive consumption of 2.1 kt in 2QFY26 vs 2.4kt in 1QFY26 and 2kt in 2QFY25.For 1HFY26, it was 4.5 kt as compared to 3.8 kt in 1HFY25. 3. Excludes captive consumption of 10.8 tonnes in 2QFY26 vs 12.1 tonnes in 1QFY26 and 11.2 tonnes in 2QFY25. For 1HFY26, it was 22.9 kt as compared to 20.8 kt in 1HFY25. Production (In ’000 tonnes, or as stated) Quarter Half year 2QFY26 2QFY25 % YoY 1QFY26 1HFY26 1HFY25 % YoY Mined metal content 258 256 1% 265 523 519 1% Saleable metal 246 262 (6%) 250 496 524 (5%) Refined Zinc1 202 198 2% 202 403 409 (1%) Refined Lead2 45 63 (29%) 48 93 115 (19%) Refined Saleable Silver - (in tonnes)3 144 184 (22%) 149 293 350 (16%) Financials (In ₹ crore, or as stated) Revenue 8,235 7,953 4% 7,542 15,777 15,801 (0%) EBITDA 4,434 4,119 8% 3,815 8,249 8,022 3% Zinc CoP without Royalty (₹ /MT) 86,800 89,686 (3%) 86,439 86,639 91,034 (5%) Zinc CoP without Royalty ($/MT) 994 1,071 (7%) 1,010 1,002 1,089 (8%) Zinc CoP with Royalty ($/MT) 1,386 1,445 (4%) 1,362 1,374 1,468 (6%) Zinc LME Price ($/MT) 2,825 2,779 2% 2,641 2,736 2,805 (2%) Lead LME Price ($/MT) 1,966 2,044 (4%) 1,947 1,957 2,104 (7%) Silver LBMA Price ($/oz) 39.4 29.4 34% 33.7 36.6 29.2 26%
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Sensitivity: Internal (C3) 36 Vedanta Limited 2QFY26 Investor Presentation Segment Summary – Zinc International Production (In ’000 tonnes, or as stated) Quarter Half year 2QFY26 2QFY25 % YoY 1QFY26 1HFY26 1HFY25 % YoY Mined metal content- BMM 11 12 (5%) 11 22 23 (4%) Mined metal content- Gamsberg 49 32 54% 46 94 58 63% Total 60 44 38% 57 117 81 44% Financials (In ₹ Crore, or as stated) Revenue 1,237 1,012 22% 1,150 2,387 1,765 35% EBITDA 373 378 (1%) 422 795 563 41% CoP – ($/MT) 1,482 1,195 24% 1,269 1,379 1,388 (1%) Zinc LME Price ($/MT) 2,825 2,779 2% 2,641 2,736 2,805 (2%) Lead LME Price ($/MT) 1,966 2,044 (4%) 1,947 1,957 2,104 (7%)
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Sensitivity: Internal (C3) 37 Vedanta Limited 2QFY26 Investor Presentation Segment Summary – Oil & Gas Production (In kboepd, or as stated) Quarter Half year 2QFY26 2QFY25 % YoY 1QFY26 1HFY26 1HFY25 % YoY Average Daily Gross Operated Production 89.3 104.9 (15%) 93.2 91.3 108.6 (16%) Rajasthan 70.9 85.1 (17%) 74.6 72.7 88.9 (18%) Ravva 8.2 11.0 (25%) 8.4 8.3 11.1 (25%) Cambay 6.6 4.8 38% 6.8 6.7 4.8 40% OALP 3.6 4.0 (10%) 3.5 3.5 3.8 (8%) Average Daily Working Interest Production 58.2 68.8 (15%) 60.8 59.5 71.2 (16%) Rajasthan 49.6 59.6 (17%) 52.2 50.9 62.2 (18%) Ravva 1.8 2.5 (25%) 1.9 1.9 2.5 (25%) Cambay 2.6 1.9 38% 2.7 2.7 1.9 40% KG-ONN 2003/1 0.6 0.8 (32%) 0.5 0.5 0.7 (25%) OALP 3.6 4.0 (10%) 3.5 3.5 3.8 (8%) Total Oil and Gas (million boe) Oil & Gas- Gross operated 8.1 9.6 (16%) 8.5 16.6 19.9 (16%) Oil & Gas-Working Interest 5.3 6.3 (16%) 5.5 10.9 13.0 (17%) Financials (In ₹ crore, or as stated) Revenue 2,330 2,825 (18%) 2,303 4,633 5,750 (19%) EBITDA 1,029 1,170 (12%) 1,268 2,297 2,251 2% Average Oil Price Realization ($/bbl) 66.1 75.7 (13%) 65.6 65.8 77.5 (15%) Brent Price ($ / bbl) 69.1 80.2 (14%) 67.8 68.4 82.6 (17%) Note:- Cambay block average production per day factors volume till 19th Sep’25, as on the stated date MoPNG informed the contractors of the block (a three-party Joint Venture, including Vedanta as Operator) that their application for PSC extension hasn’t been accepted. The matter is now sub-judice.
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Sensitivity: Internal (C3) 38 Vedanta Limited 2QFY26 Investor Presentation Segment Summary – Oil & Gas Production (In kboepd, or as stated) Quarter Half year 2QFY26 2QFY25 % YoY 1QFY26 1HFY26 1HFY25 % YoY Average Daily Production Gross operated 89.3 104.9 (15%) 93.2 91.3 108.6 (16%) Oil 71.7 82.5 (13%) 74.4 73.0 86.1 (15%) Gas (Mmscfd) 106 134 (21%) 113 109 135 (19%) Non-operated- Working interest 0.6 0.8 (32%) 0.5 0.5 0.7 (25%) Working Interest 58.2 68.8 (15%) 60.8 59.5 71.2 (16%) Rajasthan (Block RJ-ON-90/1) Gross operated 70.9 85.1 (17%) 74.6 72.7 88.9 (18%) Oil 58.5 68.0 (14%) 60.7 59.6 71.5 (17%) Gas (Mmscfd) 74 103 (28%) 83 79 105 (25%) Gross DA 1 61.3 73.2 (16%) 64.3 62.8 76.8 (18%) Gross DA 2 9.5 11.8 (20%) 10.2 9.8 12.0 (18%) Gross DA 3 0.1 0.1 (5%) 0.1 0.1 0.1 (23%) Working Interest 49.6 59.6 (17%) 52.2 50.9 62.2 (18%) Ravva (Block PKGM-1) Gross operated 8.2 11.0 (25%) 8.4 8.3 11.1 (25%) Oil 7.8 10.5 (25%) 8.0 7.9 10.5 (25%) Gas (Mmscfd) 2 3 (24%) 3 2 4 (34%) Working Interest 1.8 2.5 (25%) 1.9 1.9 2.5 (25%) Cambay (Block CB/OS-2) Gross operated 6.6 4.8 38% 6.8 6.7 4.8 40% Oil 4.7 3.3 44% 5.1 4.9 3.3 49% Gas (Mmscfd) 12 9 26% 10 11 9 22% Working Interest 2.6 1.9 38% 2.7 2.7 1.9 40% OALP Gross operated 3.6 4.0 (10%) 3.5 3.5 3.8 (8%) Oil 0.7 0.8 (15%) 0.6 0.7 0.8 (19%) Gas (Mmscfd) 17 19 (9%) 17 17 18 (6%) Working Interest 3.6 4.0 (10%) 3.5 3.5 3.8 (8%) Average Price Realization Cairn Total (US$/boe) 69.7 77.2 (10%) 69.7 69.7 76.6 (9%) Oil (US$/bbl) 66.1 75.7 (13%) 65.6 65.8 77.5 (15%) Gas (US$/mscf) 14.0 13.7 2% 13.7 13.8 12.2 13%
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Sensitivity: Internal (C3) 39 Vedanta Limited 2QFY26 Investor Presentation Segment Summary – Iron Ore and Steel Steel Iron Ore Production (In million dry metric tonnes, or as stated) Quarter Half year 2QFY26 2QFY25 % YoY 1QFY26 1HFY26 1HFY25 % YoY Production of Saleable Ore 1.1 1.3 (19%) 1.8 2.9 2.6 11% Goa 0.1 0.1 48% 0.2 0.3 0.2 81% Karnataka 1.0 1.3 (22%) 1.6 2.6 2.4 6% Production (’000 tonnes) Pig Iron 238 189 26% 213 451 395 14% Financials (In ₹ crore, or as stated) Revenue 1,449 1,374 5% 1,334 2,783 2,694 3% EBITDA 108 137 (21%) 204 312 320 (3%) Production (In ‘000 tonnes, or as stated) Quarter Half year 2QFY26 2QFY25 % YoY 1QFY26 1HFY26 1HFY25 % YoY Total Production 274 296 (8%) 349 623 652 (4%) Pig Iron 41 87 (53%) 56 97 145 (33%) Billet Production 232 162 43% 259 490 418 17% Billet Consumption (inter category adj.) (214) (158) 35% (253) (467) (411) 14% TMT Bar 100 85 18% 135 235 222 6% Wire Rod 108 68 59% 110 218 177 23% Ductile Iron Pipes 7 51 (87%) 41 48 101 (52%) Financials (In ₹ crore, or as stated) Revenue 1,463 1,874 (22%) 1,830 3,293 3,901 (16%) EBITDA (69) (12) - 125 56 225 (75%) Margin ($/t) (28) (5) - 44 11 41 (74%)
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Sensitivity: Internal (C3) 40 Vedanta Limited 2QFY26 Investor Presentation Segment Summary – Facor and Copper FACOR Copper Production (In ’000 tonnes, or as stated) Quarter Half year 2QFY26 2QFY25 % YoY 1QFY26 1HFY26 1HFY25 % YoY Copper - Cathodes 40 41 (3%) 44 84 61 37% Financials (In ₹ crore, or as stated) Revenue 6,604 6,376 4% 6,374 12,978 11,110 17% EBITDA (13) (10) - (26) (39) (67) - Copper LME Price ($/MT) 9,797 9,210 6% 9,524 9,664 9,475 2% Production (In ’000 tonnes, or as stated) Quarter Half year 2QFY26 2QFY25 % YoY 1QFY26 1HFY26 1HFY25 % YoY Total Production Ore Production 47 38 23% 108 155 118 32% Ferrochrome Production 19 26 (28%) 28 47 53 (12%) Financials (In ₹ crore, or as stated) Revenue 191 272 (30%) 313 505 586 (14%) EBITDA 21 (4) - 46 67 45 49% Margin ($/MT) 123 (22) - 200 168 101 66%
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Sensitivity: Internal (C3) 41 Vedanta Limited 2QFY26 Investor Presentation Value Added Products for prior period has been re-classified. Sales Summary – Zinc and Aluminium Sales volume Quarter Half year 2QFY26 2QFY25 1QFY26 1HFY26 1HFY25 Zinc-India Sales Refined Zinc (kt) 202 198 201 403 408 Refined Lead (kt) 45 63 48 93 115 Total Zinc-Lead (kt) 247 261 249 496 523 Silver (tonnes) 147 184 145 293 350 Zinc-International Sales Zinc Concentrate (MIC) 54 39 49 103 68 Total Zinc (Conc) 54 39 49 103 68 Lead Concentrate (MIC) 7 7 7 14 13 Total Zinc-Lead (kt) 61 46 56 117 81 Aluminum Sales Value-added products (kt) 355 314 353 707 619 Sales - Ingots (kt) 266 286 237 504 562 Total Aluminum sales (kt) 621 600 590 1,211 1,182
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Sensitivity: Internal (C3) 42 Vedanta Limited 2QFY26 Investor Presentation 1. Based on Availability 2. Average excludes TSPL PAF: Plant Availability Factor Sales Summary – Iron & Steel, FACOR and Power . Sales volume Quarter Half year 2QFY26 2QFY25 1QFY26 1HFY26 1HFY25 Iron ore sales Goa (mn dmt) 0.1 0.0 0.3 0.4 0.0 Karnataka (mn dmt) 0.6 1.1 0.7 1.3 2.0 Total (mn dmt) 0.7 1.1 1.0 1.7 2.1 Pig Iron (kt) 260 204 193 452 385 Steel sales (kt) 286 312 333 619 648 Pig Iron 40 89 56 96 144 Billet 14 6 10 24 10 TMT Bar 109 95 125 234 219 Wire Rod 111 71 105 216 175 Ductile Iron Pipes 11 51 38 49 100 Facor sales Ferrochrome (kt) 19 26 27 46 53 Copper-India sales Copper Cathodes (kt) 0.4 7 1 2 9 Copper Rods (kt) 45 48 51 95 83 Sales volume Power Sales (mu) Quarter Half year 2QFY26 2QFY25 1QFY26 1HFY26 1HFY25 Jharsuguda 305 709 678 983 1534 TSPL 2,789 2,861 2,715 5,504 5,851 HZL Wind power 132 129 134 266 237 Meenakshi 459 32 331 790 32 Athena 336 - - 336 - Total sales 4,021 3,731 3,858 7,879 7,654 Power Realizations (₹/kWh) Jharsuguda 600 MW 1.63 2.89 3.13 2.66 3.10 TSPL1 4.42 4.42 4.85 4.63 4.41 HZL Wind power 3.62 3.95 3.63 3.62 3.93 Meenakshi 6.18 5.18 7.20 6.61 5.18 Athena 5.93 - - 5.93 - Average Realisations2 4.71 3.13 4.37 4.54 3.25 Power Costs (₹/kWh) Jharsuguda 600 MW 3.24 3.09 2.75 2.90 3.01 TSPL1 3.71 3.65 3.63 3.67 3.61 HZL Wind power 0.99 0.95 0.95 0.97 1.02 Meenakshi 5.60 11.13 6.04 5.79 12.72 Athena 4.16 - - 4.16 - Average costs2 4.13 3.07 3.49 3.82 2.92 EBITDA (₹ crore) 228 193 460 688 475 TSPL PAF 90% 86% 90% 90% 88%
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Sensitivity: Internal (C3) 43 Vedanta Limited 2QFY26 Investor Presentation Group Structure As of 30-Sep-25 Unlisted entities Listed entities 116: 191: 69 0: 99: 168 237: 125: 49 109: 110: 113 *50% of the share in the RJ Block is held by a subsidiary of Vedanta Ltd 56.38% Vedanta Resources Ltd 61.84% Zinc India (HZL) Vedanta Ltd Subsidiaries of Vedanta Ltd ⚫ Sesa Iron Ore ⚫ Sterlite Copper ⚫ Power (600 MW Jharsuguda) ⚫ Aluminium (Odisha aluminium and power assets) ⚫ Cairn Oil & Gas* ⚫ Athena (1200 MW) Divisions of Vedanta Limited Talwandi Sabo Power (1,980 MW) 100% Zinc International (Skorpion - 100% BMM & Gamsberg- 74%) 100%51% Bharat Aluminium (BALCO) 95.5% ESL Steel Limited 100% Ferro Alloy Corporation Ltd. (FACOR) Meenakshi Energy Limited (1000 MW) Vedanta Display Limited Vedanta Semi- conductor Pvt Limited 100% 100% 100%
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Sensitivity: Internal (C3) 44 Vedanta Limited 2QFY26 Investor Presentation Currency and Commodity Sensitivities Commodity prices – Impact of a 10% increase in Commodity Prices Commodity 1HFY26 Average price Impact on EBITDA ($mn) Oil ($/bbl) 69 18 Zinc ($/t) 2,736 123 Aluminium ($/t) 2,535 276 Lead ($/t) 1,957 21 Silver ($/oz) 37 36 Foreign Currency - Impact of ₹ 1 depreciation in FX Rate Currency Increase in EBITDA INR/USD ~₹ 850-900 crore / year116: 191: 69 0: 99: 168 237: 125: 49 109: 110: 113
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45 NABET: National Accreditation Board for Education and Training Awards and Accolades Recognitions towards our commitment to excellence BALCO Wins Gold at Titan Business Awards for Best Transformation Strategy Vedanta Sesa Goa (IOK) has been awarded the ‘OMC Minning Happiness ESG Award 2024-25’ Cairn was recognized for the 3rd consecutive year at the Brandon Hall Human Capital Management Excellence Award FACOR has been honored with the CII SHE Excellence Award 2024-25, recognizing commitment to Safety, Health, & Environment excellence. ESL Steel Limited Wins the “Best Supplier-Steel” at Nirmaan Conclave by Godrej Properties Jharsuguda - Best Hospital/Healthcare Infrastructure Award at the 9th CSR Health Impact Awards Cairn Oil & Gas has been recognized at the 2nd edition of the Economic Times CIO Awards for Enterprise IT Excellence BALCO Wins National Recognition for Supply Chain Management at ET Edge SCM Awards Vedanta Lanjigarh was honored by CII for Excellence in Energy, Safety & Women Empowerment Vedanta Power wins ESG Excellence in Single-Use Plastic Elimination by CII Vedanta Limited 1QFY26 Investor Presentation QCFI: Quality Circle Forum of India
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46 Earnings Call Details Event Telephone Number Earnings conference call on October 31, 2025, from 5:00 PM to 6:00 PM (IST) Universal Dial-In +91 22 6280 1114 +91 22 7115 8015 India National Toll Free 1 800 120 1221 International Toll Free* Canada 01180014243444 Hong Kong 800964448 Japan 00531161110 Netherlands 08000229808 Singapore 8001012045 South Korea 00180014243444 UK 08081011573 USA 18667462133 Online Registration Link For Registration - Click Here Call Recording This will be available on Company website on November 1, 2025
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Cautionary Statement and Disclaimer The views expressed here may contain information derived from publicly available sources that have not been independently verified. No representation or warranty is made as to the accuracy, completeness, reasonableness or reliability of this information. Any forward-looking information in this presentation including, without limitation, any tables, charts and/or graphs, has been prepared on the basis of a number of assumptions which may prove to be incorrect. This presentation should not be relied upon as a recommendation or forecast by Vedanta Resources Limited and Vedanta Limited and any of their subsidiaries. Past performance of Vedanta Resources Limited and Vedanta Limited and any of their subsidiaries cannot be relied upon as a guide to future performance. This presentation contains 'forward-looking statements' – that is, statements related to future, not past, events. In this context, forward-looking statements often address our expected future business and financial performance, and often contain words such as 'expects,' 'anticipates,' 'intends,' 'plans,' 'believes,' 'seeks,' or 'will.' Forward– looking statements by their nature address matters that are, to different degrees, uncertain. For us, uncertainties arise from the behaviour of financial and metals markets including the London Metal Exchange, fluctuations in interest and or exchange rates and metal prices; from future integration of acquired businesses; and from numerous other matters of national, regional and global scale, including those of a environmental, climatic, natural, political, economic, business, competitive or regulatory nature. These uncertainties may cause our actual future results to be materially different that those expressed in our forward-looking statements. We do not undertake to update our forward-looking statements. We caution you that reliance on any forward-looking statement involves risk and uncertainties, and that, although we believe that the assumption on which our forward-looking statements are based are reasonable, any of those assumptions could prove to be inaccurate and, as a result, the forward- looking statement based on those assumptions could be materially incorrect. This presentation is not intended, and does not, constitute or form part of any offer, invitation or the solicitation of an offer to purchase, otherwise acquire, subscribe for, sell or otherwise dispose of, any securities in Vedanta Resources Limited and Vedanta Limited and any of their subsidiaries or undertakings or any other invitation or inducement to engage in investment activities, nor shall this presentation (or any part of it) nor the fact of its distribution form the basis of, or be relied on in connection with, any contract or investment decision. IR contact: Mr. Charanjit Singh, Group Head Investor Relations, Vedanta Email: vedantaltd.IR@vedanta.co.in | charanjit.singh@vedanta.co.in