All eyes on Vedanta demerger

Vedanta Ltd's stock gained 3% on Tuesday, recouping most of the losses it suffered on Monday due to a global selloff triggered by Trump's tariffs.

- Ashish Agrawal

The recovery is not surprising, given the significant improvement in its December quarter (Q3FY25) financials—results came out during market hours on Friday. Consolidated Ebitda rose 30% on-year to ₹11,100 crore, beating some analysts' estimates.

Plus, there is excitement about the company's five-way demerger, expected to be completed by the June quarter.

The metals and mining company's Q3 Ebitda growth was fueled by a 58% increase in the aluminium business Ebitda to ₹4,500 crore. This was helped by an over 20% rise in realization, more than compensating for higher alumina prices, a key raw material.

This is Vedanta's largest business, contributing 38% to 9MFY25 revenues.

Zinc business's combined domestic and international Ebitda was ₹4,900 crore, up 35%, aided by higher realization and lower raw-material costs.