Vedanta Ltd. share price target

The National Company Law Tribunal (NCLT), Kolkata Bench, has approved the terms of the resolution plan submitted by Vedanta, to acquire Electrosteel Steels under the Insolvency and Bankruptcy Code (IBC) 2016. Pursuant to the resolution plan, a wholly-owned subsidiary of Vedanta, will subscribe to the share capital of Electrosteel for an aggregate amount of | 1805 crore and provide additional funds of | 3515 crore by way of debt. Upon implementation of the resolution plan, Vedanta will hold ~90% of the paid-up share capital of Electrosteel while...

Q3 EBITDA at Rs 68 bn, up 13% YoY, was in line with consensus and our estimates. The YoY rise was mainly due to (a) 30% YoY higher Zinc LME price at USD 3,240 and 43% rise in Zinc International volumes, (b) 40% YoY higher aluminum production at 445 kt and 23% YoY higher aluminium LME price

The consolidated topline stood at | 24361 crore (up 25.5% YoY, 12.8% QoQ, our estimate: |24505.7 crore) EBITDA for the quarter came in at | 6763 crore (up 15% YoY, 19.3%...

In-line; zinc & oil prices, TSPL's PAF raise EBITDA by 13% Aluminum costs and lower TcRc are drag; Maintain Buy Vedanta's 3QFY18 EBITDA increased on expected lines by 13% QoQ to INR67.6b, driven by higher zinc and oil prices, volume ramp-up at aluminum smelters, and improved plant availability at TSPL. Finance cost declined 5% QoQ to INR13b. Other income was impacted by hardening of yields. Tax rates were on higher side. Adjusted PAT increased 16% QoQ to INR22b, lower than our estimate....

Q2FY18 EBITDA at Rs 57 bn, up 22% YoY, was in line with our and Bloomberg consensus estimates. The YoY increase was mainly due to (a) 32% YoY higher Zinc LME price at USD 2,960 and 28% YoY higher sales volume at Hindustan Zinc at 230 kt

Vedanta reported a decent set of Q2FY18 numbers, supported by the healthy performance from Zinc India, Zinc International and copper vertical. The consolidated topline came in above our estimates while the consolidated EBITDA was broadly in line with our estimates EBITDA for the quarter came in at | 5669 crore (up 21.5% YoY, 16.3% QoQ) broadly in line with our estimate of | 5464.6 crore. EBITDA margin was flattish QoQ at 26.3% (vs. our estimate: 27.7%, Q2FY17: 29.4%, Q1FY18: 26.7%). Zinc India reported EBITDA of...

Metals and mining conglomerate Vedanta reported a less than expected consolidated net profit of Rs 2,036 crore in the September quarter, up 43 per cent from the same period last year. Vedanta revenue in Q2FY18 was up 36% y-o-y to Rs 21590 crore on account of higher volume at Copper India, Zinc India, Zinc International, ramp up at Aluminium business and higher commodity prices partially offset by currency appreciation, lower volumes at Oil & Gas. Revenues were 18% up sequentially on account of higher volume at Copper India, Zinc India, restart of TSPL plant in Q2 following the shutdown in Q1, ramp up at Aluminium business and...

business was subdued due to seasonal factors. Zinc: HZL numbers were in-line. Zinc-int reported strong numbers, driven by robust production and a significant reduction in cost of production (CoP)....

Vedanta has submitted to the stock exchange that a total of 1,605 MW captive power capacity (out of total capacity of 3,615 MW) has been temporarily closed down as per the direction of OSPCB.

Targeted output of 1.2 mnt by FY20; Rampura Agucha to fully transformed into underground by FY19;Silver production potential at 1,000 tons from 450 tons currently;Fumer project to enhance metal recovery to be commissioned in CY18;Shaft commissioning at key mines to stabilize cost.