Vedanta shares: Extending the bull trend for the eleventh straight session, touched a new all-time high of ₹787.85 on the NSE. Ahead of the , scheduled for 30 April, most brokerages expect the company to deliver a strong March-quarter performance, with analysts forecasting a 50–60% year-on-year surge in EBITDA, supported by favourable commodity prices and improved cost dynamics across key segments.
Vedanta Q4 results 2026 strong estimates
Expecting a strong , Motilal Oswal Financial Services research says, “The Metals universe is projected to report a 27% YoY profit growth following a strong 45% YoY growth in 4QFY25.”
The brokerage has predicted that Vedanta’s consolidated Q4 revenue will grow from ₹405 crore to ₹497 crore, logging a YoY growth of around 22.80%. Motilal Oswal research believes the company’s EBITDA may grow 53.50% and PAT by around 155% YoY.
Nuvama gives a ‘buy’ tag
Selecting Vedanta shares as one of its ‘top picks’, Nuvama believes that Vedanta’s consolidated EBITDA may increase by ~20% QoQ, primarily led by higher zinc and aluminium prices. Aluminium segment EBITDA to rise by ~21% QoQ, led by a higher average blended aluminium price (up USD290/t QoQ), partially offset by an increase in power cost. LME aluminium price was up USD366/t QoQ.
“EBITDA/t to rise by 20% QoQ to USD 1,516/t. Zinc India’s EBITDA to rise by 21% QoQ driven by higher prices and volume, but Zinc international’s EBITDA is likely to decline by 26% QoQ due to lower volume. Besides, ramp-up at Meenaxi and Athena to drive higher power sales volume and in turn EBITDA to increase by ~44% QoQ. Iron ore EBITDA to increase by 24% QoQ while steel to turnaround to EBITDA positive on support of higher prices. Oil and gas EBITDA is expected to increase by 4% QoQ due to higher prices, partially offset by lower volumes,” Nuvama research says.
Antique Research has also predicted net profit growth of over 150% YoY for Vedanta, driven by over 200% YoY sales growth. The brokerage has predicted the company’s EBITDA to grow by around 58% YoY and over 19% Q-o-Q.
ICICI Securities pics Vedanta
Picking Vedanta shares in the non-ferrous segment, the ICICI Securities research report says that Vedanta may report a 4.40% sequential growth in sales, but the company’s YoY sales growth is expected to remain above 20%. Similarly, Vedanta’s Q4FY26 EBITDA may grow 7.70% Q-o-Q and 42.60% YoY. The brokerage has predicted Vedanta’s Q4 net profit in the financial year 2026-27 to grow by 6.10% Q-o-Q and 67.20% YoY.
Vedanta share price target
Expecting strong upside in Vedanta shares, Kotak Securities report forecast a 27% qoq increase in EBITDA (+59% yoy) on higher prices in the aluminium/zinc/silver segment and lower alumina costs, partially offset by hedged quantities (aluminium/zinc/silver) and marginally higher coal costs.
Giving a ‘buy’ tag to the Vedanta shares, Kotak Securities has predicted a target price of ₹890 apiece.
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