Vedanta shares drop 2% ahead of Q2 results: What to expect from the Anil Agarwal-led conglomerate

The Q2 earnings call is slated to happen at 5 PM today, according to the available information.

Vedanta Q2: What to expect

Market participants will closely monitor the company’s key financial metrics, including revenue, net profit, operating profit, and margins on a conslidated basis. In addition, the performance of different segments and management commentary on each business vertical will be crucial.

Furthermore, investors will keep an eye on the company’s investment plans, updates on the demerger, the global metals environment, and guidance for the upcoming quarters. Corporate actions such as dividend announcements may also attract attention.

Vedanta: Latest developments to know

In October 2025, company officials announced that the Vedanta Group will invest an additional ₹1 lakh crore in Odisha, creating over one lakh direct and indirect employment opportunities.

The plan includes a ₹2,000 crore ferro-alloys plant in Keonjhar and two new aluminium parks, one at Jharsuguda and another at a site identified by the state government, they said.

The company has already invested around ₹1 lakh crore in the state.

Vedanta to build aluminium amelter in Odisha

In September 2025, a top company official said that Vedanta is in the process of acquiring land for its 3 million tonnes per annum (MTPA) aluminium smelter in Dhenkanal, Odisha.

"We are moving towards setting up a new mega aluminium plant at Dhenkanal, Odisha, (with a capacity of) three million tonnes," Rajiv Kumar, Chief Executive Officer for the Aluminium business at Vedanta, said.

Currently, the company's total capacity stands at 3 million tonnes. "We want to go to six million tonnes, for which we are actively involved in land acquisition, and hopefully things are progressing very well," Kumar said.

Kumar was speaking to reporters on the sidelines of ALUMEX India 2025, organised by the Aluminium Extrusion Manufacturers Association of India (ALEMAI) in the national capital during September 10-13.

Vedanta Demerger

On October 29, it was reported that the Vedanta demerger is delayed yet again, as the National Company Law Tribunal (NCLT) on Wednesday, October 28, deferred the matter to November 12, as the Mumbai bench hearing the matter has been reconstituted.

The tribunal's reconstituted bench will now hear Vedanta's plea and the Ministry of Petroleum and Natural Gas (MoPNG) objections on the demerger scheme of arrangement all over again.

The NCLT will now begin to rehear the case on November 12.

Earlier, in September 2025, Vedanta Resources CEO Deshnee Naidoo said that the demerger of its Indian arm, Vedanta, will be completed in the current financial year and stressed that her focus at present is on the restructuring of the company.

Vedanta had earlier said post-demerger its existing businesses will be structured in six independent companies -- Vedanta Aluminium, Vedanta Oil & Gas, Vedanta Power, Vedanta Steel and Ferrous Materials, Vedanta Base Metals, and Vedanta Ltd. However, later it revised the plan.

Vedanta Ltd, a subsidiary of Vedanta Resources Ltd, is one of the world's leading natural resources, critical minerals, energy and technology companies spanning across India, South Africa, Namibia, Liberia, the UAE, Saudi Arabia, Korea, Taiwan, and Japan with operations in sectors like oil and gas, zinc, lead, silver, copper, steel, and aluminium.

Vedanta Resources raises $500 million

In late October 2025, Anil Agarwal-led Vedanta Resources Ltd (VRL) said it raised 500 million dollars through bonds in October and will use the proceeds to repay near-term obligations.

As per the letter to the bondholders, the company stated that "the average maturity of its debt portfolio is now over four years, and it has reduced its weighted average interest cost to single digits, reflecting a stronger, more resilient capital structure".

The company said that it has completed "a 500 million dollar bond issuance, using proceeds to repay near-term obligations, including a 550 million dollar Private Credit Facility (PCF), in line with its deleveraging roadmap."

With this, the Group now has no material maturities until FY27, ensuring a well-balanced liability structure, it said.

The Group maintains robust liquidity, supported by dividend inflows from operating subsidiaries and healthy free cash generation, the company added.

Vedanta stock price trend

Shares of Vedanta have gained nearly 3% in five sessions, nearly 9% in 1 month, and around 21% in six months. The stock has advanced 14% so far in 2025.