Guidance ledger · Q4 FY26

Vedanta Limited VEDL

3 revisions on record · 0 lowered · 1 raised — the strikethrough is what management used to say

gives specific guidance · held across quarters

Holding view → · latest concall · The pulse

→ narrowed Aluminium hot metal cost FY26 Q1 FY26 → Q4 FY26

~~$1,700-1,750 per ton (full-year guidance)~~ → $1,752 actual (delivered below midpoint)

“its lowest annual hot metal cost in the last five years of $1,752 per ton”

↔ widened Sijimali bauxite mine commissioning Q1 FY26 → Q4 FY26

~~start of production end of Q4 FY26~~ → H1 FY27 (slipped 1-2 quarters)

“hopefully in H1 we will see the mines opening”

↑ raised FY26 annual EBITDA Q2 FY26 → Q4 FY26

~~FY26 guidance set, trajectory from >$6 billion target~~ → INR 55,976 crore (~$6.7 billion actual, raised through year)

“EBITDA up 29% to INR55,976 crore”

Method. Revisions come from management's own stated numbers, compared quarter over quarter across the covered concalls; each carries the verbatim quote. “No revisions” can also mean guidance too vague to pin down — see the posture chip above. Not investment advice.