Vedanta Limited has received a boost from multiple brokerages following its second-quarter results, which met street expectations with strong operational performance. The company's robust financial performance and positive outlook have led to maintained bullish stances from several prominent analysts.

Key Financial Highlights

Vedanta reported impressive financial results for the second quarter:

Analyst Perspectives

Several brokerages have expressed optimism about Vedanta's performance and future prospects:

• Nuvama: Projects a 20% quarter-on-quarter EBITDA jump and raised FY27 estimated EBITDA by 4% to ₹63,450.00 crore.
• Citi: Expects aluminium to average $3,500.00 in 2027 and raised FY26/FY27/28 EBITDA estimates by 6%, 15%, and 16% respectively.
• ICICI Securities: Highlighted Vedanta as a prime beneficiary of the commodity cycle, with the aluminium division expected to drive majority earnings.

Factors Driving Optimism

1. Vedanta Resources' comfortable leverage levels
2. Potential medium-term aluminium price upside on London Metal Exchange
3. Volume growth prospects
4. Expected demerger completion

Aluminium Sector Focus

The aluminium sector is emerging as a key driver for Vedanta's growth:

• Citi's projection of $3,500.00 average aluminium price in 2027 indicates strong sector outlook.
• ICICI Securities emphasizes the aluminium division's role in driving majority of earnings.

Corporate Governance and Transparency

As per the latest LODR (Listing Obligations and Disclosure Requirements) data, Vedanta continues to maintain transparency with its stakeholders. The company recently published its unaudited financial results for Q2 and H1 FY26 in major newspapers, demonstrating its commitment to keeping investors informed.

Conclusion

Vedanta's strong Q2 performance, coupled with positive analyst outlooks and strategic focus on high-potential sectors like aluminium, positions the company favorably in the commodities market. As global demand for metals continues to grow, Vedanta appears well-placed to capitalize on these opportunities, potentially leading to enhanced shareholder value in the coming years.

Vedanta subsidiary Hindustan Zinc Limited (HZL) has received a penalty order from the Office of the Commissioner, Central Goods & Service Tax - Udaipur. The order, received on October 31, 2025, confirms a penalty of Rs 1,08,04,533 along with tax demand and applicable interest.

Penalty Details

Company's Response

Hindustan Zinc Limited has stated its intention to file an appeal before the Appellate Authority within the prescribed time limit under the Excise Law. The company expects a favorable outcome and does not anticipate the order to have any material financial impact on its operations.

Regulatory Compliance

This disclosure was made by Hindustan Zinc Limited in compliance with Regulation 30 of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements Regulations, 2015. The company informed the stock exchanges about this development on November 01, 2025.

Market Implications

Despite the significant penalty amount, Hindustan Zinc's expectation of a favorable appeal outcome suggests that the long-term financial implications may be limited. Investors and market watchers may monitor the appeal process and its potential impact on the company's financial statements in the coming quarters.