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Earnings Call

Vedanta Earnings Call: Key Takeaways

Vedanta is executing a massive demerger into five focused entities to unlock shareholder value. Management is pivotting to high-growth, vertically integrated structures with a heavy reliance on aluminum and zinc as primary EBITDA drivers.

Highlights
Revenue growth2.3x exponential revenue growth targeted for the power business by FY29.
MarginsTargeting structural expansion by moving to the top decile of cost curves.
Demand visibilityStrong domestic visibility driven by India's infrastructure push and low per-capita consumption.
Management confidenceExtremely high, utilizing ambitious multi-year targets to justify the structural demerger.

Growth

Growth is volume-led, targeting 3MT aluminum and 1.4MT zinc by FY30 with significant backward integration in coal/bauxite.

Outlook

Targeting consolidated EBITDA of $9 billion in FY27 and $5 billion for standalone Vedanta Limited by FY30.

Risks

Execution risk on massive concurrent expansion projects and vulnerability to global LME price fluctuations across diverse metals.

Source

Earnings Call filed with NSE, NSE: VEDL. Summary written with AI assistance from the document.

Read the document ↗

Vedanta Ltd: key numbers

Share price
₹266.35
Market cap
₹1,04,153 Cr
Revenue (annual)
₹78,437 Cr
Net profit (annual)
₹17,391 Cr
P/E (TTM)
5.3×Sector 19.0×
Promoter holding
54.72%-1.66% QoQ
FII holding
15.78%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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