As a result, Vedanta's consolidated Ebitda rose 13 per cent Q-o-Q to Rs 11,100 crore, surpassing the estimate of Rs 10,470 crore.
While a drop in alumina prices is anticipated to impact results in Q1FY26, analysts predict the company will complete its demerger by the end of Q1FY26, pending approval from lenders and equity shareholders on February 18, 2025.
Thus, Nuvama maintained its target price of Rs 663, based on FY27 estimates, excluding a dividend payout of Rs 35 and Rs 30 in FY26 and FY27, respectively, and reiterates its 'Buy' rating.
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