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All eyes on Vedanta demerger
Mint Kolkata
|February 05, 2025
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.
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 fuelled 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.
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