Vedanta Share Price In Focus: Brokerage firm Motilal Oswal (MOSL) maintained a ‘Neutral’ rating on Vedanta Ltd. but raised its target price to Rs 800 from Rs 750 as the company delivered a strong set of Q4FY26 results, reporting an 88.5 per cent year-on-year jump in profit after tax to Rs 9,352 crore, driven by higher sales volumes, supportive global metal prices, and currency tailwinds. MOSL noted that earnings were largely in line, supported by favorable LME prices and better volumes. The company’s management remains optimistic, highlighting strong earnings growth ahead driven by capacity expansions, increased value-added products, and a supportive pricing environment.
Motilal Oswal On Vedanta
- The brokerage maintain Neutral with target price of Rs 800 vs Rs 750
- Broadly in-line earnings due to favorable LME and better volume
- Management targets to maintain strong growth in earnings, driven by the upcoming capacity supporting higher VAP products & a favorable pricing environment.
- The guided capex plans are progressing well and will likely lead to further cost savings.
- largely maintain our FY27E/28E revenue and EBITDA, while increasing our PAT estimates by 20 per cent for FY27/28.
Vedanta Q4FY26 Results
Vedanta reported an 88.5 per cent rise in its consolidated profit after tax (PAT) at Rs 9,352 crore in the quarter ended March 2026, citing higher sales volume amid rising global metal prices as well as the weakening rupee’s exchange rate. The company posted a consolidated PAT (profit after tax) of Rs 4,961 crore in the year-ago period. The revenue from operations during the latest fourth quarter also rose by 29 per cent year-on-year to Rs 51,524 crore from Rs 39,789 crore a year ago.
For the full financial year ended March 31, 2026, Vendanta reported a total revenue of Rs 1,74,075 crore and an all-time high profit of Rs 25,096 crore.
The total expenses of the company during the reporting quarter rose to Rs 19,119 crore from Rs 13,702 crore recorded in the year-ago period. EBITDA reported an increase of 44 per cent YoY to Rs 7,559 crore in Q4 FY26 as compared to Rs 5,246 crore posted in Q4 FY25. EBITDA Margin stood at 30.7 per cent in Q4 FY26 against 31.4 per cent in Q4 FY25, down 70 bps YoY. The company attributed this financial performance to robust operational delivery and enhanced cost efficiencies across its various business segments.
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