Vedanta share price ends 8.5% higher post-demerger; all eyes on listing of four entities

On the BSE, the stock surged 8.54% to settle at ₹294.80. During the day, it jumped 8.98% to ₹296.

The company's board had earlier approved a demerger effective May 1, paving the way for five independent, sector-specific businesses. The restructuring aims to enable each entity to pursue its own growth strategy and attract a broader investor base.

The company's stock traded ex-demerger on April 30.

Demerger rationale

Vedanta had earlier said that the demerger will help in simplifying its corporate structure with sector-focused independent businesses and provide opportunities to global investors, including sovereign wealth funds, retail investors, and strategic investors, with direct investment opportunities in dedicated pure-play companies linked to India's remarkable growth story through Vedanta's world-class assets.

It will also provide a platform for individual units to pursue strategic agendas more freely and better align with customers, investment cycles, and end markets.

As part of the demerger, Vedanta plans to separately list four entities: Vedanta Aluminium Metal Limited (VAML), Talwandi Sabo Power Ltd (TSPL), Malco Energy Ltd (MEL), and Vedanta Iron and Steel Limited (VISL).

This means that post-demerger, the group will be split into five separately listed entities, including the existing one.

Other key details

Last week, the company's top official stated that Vedanta will file with stock exchanges next week for listing approval of its demerged entities, with shares expected to list and commence trading by mid-June.

During an investor call on Q4 financial results, Vedanta Resources CEO Deshnee Naidoo said the demerger is now in its final stage.

"In the next week, we will be filing with the exchanges for listing approval. The shares of the resulting companies are expected to list and commence trading by mid-June," she said.

Vedanta Ltd is the Indian arm of Vedanta Resources.

Vedanta Q4 FY26 earnings

In its earnings press release, Vedanta said it registered a record-best profit after tax (PAT) of ₹9,352 crore, up 89% YoY and 20% QoQ.

It added that it clocked best-ever quarterly revenue of ₹51,524 crore, up 29% YoY and 12% QoQ.

Vedanta said it recorded the highest-ever quarterly EBITDA of ₹18,447 crore, up 59% YoY and 22% QoQ, and the best-ever EBITDA margin of 44%, up by 915 bps YoY and 306 bps QoQ.

Additionally, it saw a record return on capital employed at nearly 32%, improved by 539 bps YoY.

Vedanta stock performance

The share price of mining conglomerate Vedanta Limited has jumped over 85% in the last one year as investors bet big on optimism from the demerger and steady financial performance.

Stock exchange data showed that Vedanta stock advanced 84.5% between April 30, 2025, and April 29 this year, sharply outperforming the BSE benchmark Sensex, which declined over 3% in the same period.

During the rally, Vedanta shares touched a 52-week high of ₹794.90, increasing the company's market capitalisation by ₹1.38 lakh crore on the BSE.