Vedanta remains firm on its deleveraging plans, and going forward, higher cash flows will support both its expansion plans and deleveraging efforts, says Motilal Oswal.
Vedanta's stock currently trades at 4.9x FY27E EV/Ebitda.(Photo: Vijay Sartape/NDTV Profit)
Vedanta reported consolidated net sales of Rs 405 billion (+14% YoY and +3% QoQ), in line with our estimates. The QoQ growth was driven by favorable market prices and higher premiums. Vedanta’s consolidated Ebitda stood at Rs 115 billion (+31% YoY and +3% QoQ) against our estimate of Rs 108 billion. Ebitda was driven by higher volumes and premiums, partially offset by input commodity inflation. Ebitda margin for Q4 FY25 stood at 28.3...