Vedanta Reports Q4 2026 Earnings: Stock Rises 1% Amid Demerger Speculation

Vedanta Q4 Results 2026: Shares Rise as Metals Major Set to Announce Quarter and Full Year Results

On April 29, shares of Vedanta rose 1.5% as the Anil Agarwal-led metals major prepares to announce its results for the quarter and full financial year ended March 31, 2026. Vedanta is among several prominent companies declaring their Q4FY26 results today, including Bajaj Finance Ltd, Adani Power Ltd, Indian Bank, Federal Bank, and Waaree Energies Ltd.

Kotak Institutional Equities' Q4FY26 Forecast for Vedanta

Kotak Institutional Equities expects Vedanta to report robust growth for the March quarter, driven by favourable commodity prices and improved operating performance across key segments. The brokerage has estimated revenue at ₹51,119 crore, up 26.4% YoY and 9.6% QoQ. EBITDA is projected at ₹18,260.4 crore, rising 59.3% YoY and 26.6% QoQ, with margins likely to expand to 35.7%, up 481 basis points sequentially. Adjusted net profit is seen at ₹7,934.6 crore, up 127.8% YoY but marginally lower on a sequential basis.

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The forecast suggests that aluminium EBITDA is expected to increase QoQ by 25%, primarily due to higher aluminium and lower alumina prices, partially offset by hedged quantities. The oil and gas division is expected to report stable EBITDA, while Zinc India EBITDA may rise 23% QoQ on higher zinc and silver prices.

Demerger Record Date and Key Timelines

Vedanta has fixed May 1 as the record date to determine shareholder eligibility for its ongoing demerger under the approved scheme of arrangement. Since markets will remain closed on May 1 due to Maharashtra Day, April 30 will act as the ex-date for the demerger. Under the T+1 settlement cycle, investors must purchase shares at least one trading day prior to the ex-date to qualify for the demerger benefits.

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Eligible shareholders will receive one share each in Vedanta Aluminium Metal, Talwandi Sabo Power, Malco Energy, and Vedanta Iron and Steel for every one share held in Vedanta. The company will also conduct a special price discovery session on April 30 between 9:15 am and 9:45 am, after which regular trading will commence at 10 am.