Newsletter
The oil-to-metal conglomerate Vedanta posted a strong Q4FY26, and the numbers look real good. The stock jumped over 4.5% post results.
Net profit: up 88.5% YoY at ₹9,352 cr vs ₹4,961 cr
Revenue: up 47.5% YoY at ₹24,609 cr vs ₹16,686 cr
EBITDA: up 44% YoY at ₹7,559 cr vs ₹5,246 cr
Margin: at 30.7% vs 31.4% YoY
The how: this marks Vedanta’s highest-ever quarterly profit, driven by higher commodity prices, better cost control, and strong performance in key segments like aluminium and zinc.
The balance sheet improved too.
Net debt fell to ₹53,254 crore from ₹60,624 crore QoQ. Its net debt-to-EBITDA ratio stands at 0.95x, the best in 14 quarters.
What does that mean? This ratio shows how easily a company can repay its debt using its earnings. The lower the number, the better. At under 1x, Vedanta is in a comfortable spot.
The big trigger: the company is heading for a demerger into five separate listed companies, namely Vedanta Aluminium, Vedanta Oil & Gas, Vedanta Power, Vedanta Steel and Ferrous Materials, and Vedanta Limited.
The stock will trade ex-demerger from April 30, which means Wednesday was the last day to buy and be eligible for the benefits. All in all, a good show.
