Vedanta’s Q4 net profit surged 154% YoY to Rs 3,483 crore, driven by operational efficiency and strong performance across key verticals, with revenue rising 14% to Rs 40,455 crore. The company achieved its highest EBITDA margin in 12 quarters at 35%. Despite positive annual returns, Vedanta’s stock has shown short-term weakness, declining over the past few months.
Asian stocks advance as Fed’s rate cut lifts mood
Asian markets followed Wall Street higher after the US Federal Reserve lowered interest rates. Fed Chair Jerome Powell indicated confidence in the US economy’s future.