Vedanta shares in focus after Q3 PAT jumps 76% YoY; CLSA raises target price to Rs 530

Vedanta reported a 76% YoY rise in consolidated net profit for Q3 2024, driven by cost optimization and higher production. Revenue grew 10% YoY, with EBITDA increasing 30%. The strong performance was due to higher premiums and favorable market prices, despite input commodity inflation.