The company announced Q4 results last week where Vedanta reported a net profit of Rs 1,369 crore, down over 27% (YoY) compared to Rs 1,881 crore reported in the year-ago period. The consolidated revenue from operations was also down by 6% YoY at Rs 34,937 crore.
"At the moment, we have a plan to invest USD 20 billion across sectors in four years time," Agarwal said and the investments will be focused on technology, electronics, and glass businesses apart from the other activities that the group is engaged in.
Vedanta stock price target: Nuvama said Vedanta’s debt peaked out in FY24. It revised upward its target price on the scrip to Rs 542 from Rs 394 earlier. The brokerage retained its ‘Buy' on the stock.
Bajaj Finance, Nestle India, Vedanta, Tech Mahindra, IndusInd Bank, L&T Technology and ACC will announce the results for March 2024 quarter later today.