Overview

• Revenue climbed 20% year-on-year to ₹9,087 crore in the March quarter
• EBITDA rose 32% to ₹4,820 crore, driving margins up by nearly 500 basis points to 53%
• Vedanta holds 63.42% of the company while the Government of India owns 27.92% and retail investors hold the remainder
• Brokerages are divided on the stock’s outlook, with JM Financial and Dolat Capital advising buys at targets of ₹530 and ₹564, while Nuvama and Kotak recommend reductions with targets of ₹403 and ₹350
• The company plans to increase base metal capacity to 2,000 ktpa, expand silver output by FY30 and lower zinc production costs to boost long-term profitability