On Friday, shares of Vedanta experienced a notable decline of over 2%, reflecting broader trends in the Indian stock market. The stock dropped to an intraday low of ₹409.65 on the Bombay Stock Exchange (BSE), showcasing a 2.51% decrease. This downturn aligns with the overall market decline, as both the Sensex and Nifty 50 indices fell by approximately 1% each.
Market Performance Overview
- Initial Trading: Vedanta’s shares opened at ₹422.05, compared to the previous close of ₹420.20.
- Intraday Fluctuations: The stock fluctuated, hitting a high of ₹425.70 before settling lower.
- Current Status: As of 1:50 PM, Vedanta shares were down by 1.06%, trading at ₹415.75.
Despite recovering some losses during the trading session, Vedanta remained in the red, prompting investors to take note of the current market conditions.
Financial Update and Upcoming Results
In a recent announcement, Vedanta, led by Anil Agarwal, revealed the scheduled date for its financial results for the fourth quarter of FY25 and the entire fiscal year 2024-2025.
- Announcement Date: The financial results will be disclosed on April 30, 2025.
- Board Meeting: The board will convene on this date to review and approve the financial results for the quarter ending March 31, 2025.
In a regulatory filing, Vedanta stated, “We wish to inform that the meeting of the Board of Directors of the Company will be held on Wednesday, April 30, 2025, to consider the Audited Financial Results of the Company for the Fourth Quarter and Year ended March 31, 2025.”
Additionally, the company has declared that the trading window will be closed for all designated personnel from April 1, 2025, to May 2, 2025, inclusive.
Expectations for Q4 Results
Analysts from Axis Securities predict that Vedanta will report a net profit of ₹3,287 crore for the fourth quarter, marking an impressive 140% increase from ₹1,367 crore the previous year. However, this figure would represent a 7.3% decline from the ₹3,547 crore profit reported in the December quarter.
- Revenue Projections: Expected to rise by 10.3% year-on-year to ₹39,173 crore, with quarter-on-quarter revenue anticipated to remain stable.
- EBITDA Expectations: A slight decrease of 3% quarter-on-quarter is projected, dropping to ₹10,771 crore, primarily due to increased costs in the aluminium segment and fluctuating commodity prices.
Share Price Trends
Over the past month, Vedanta shares have seen a 10% decline and are down more than 6% year-to-date. However, looking at a longer timeline, the stock has appreciated by over 9% in the last year and has surged by an impressive 50% over the past two years.
In the long run, Vedanta has shown remarkable performance, achieving a staggering 434% return over the last five years.
In summary, while Vedanta’s stock faced challenges recently, upcoming financial results could provide new insights for investors. For more information on the market and upcoming results, stay tuned to financial news sources.
