Vedanta shares in focus after Q1 update shows record gains in alumina, zinc and ferro chrome output – News Air Insight

Spread the love


Vedanta shares will be in focus on Friday after the metals and mining major reported strong operational performance for the first quarter of FY26 across its key segments.

The Lanjigarh Refinery achieved a record alumina production of 587 kt, up 9% year-on-year and 36% quarter-on-quarter.

Zinc India reported its highest-ever Q1 mined metal production at 265 kt, rising 1% YoY, while Zinc International output surged 50% YoY and 12% QoQ. Ferro chrome production jumped 150% QoQ, supported by record ore production, which was up 66% QoQ. Power sales also improved, rising 11% QoQ, reflecting broad-based strength.

The updates were announced post-market hours on Thursday. Vedanta shares ended the day at Rs 458.10 on the NSE, down Rs 11.35 or 2.42% from the previous close.

Also Read: Suzlon Energy, Adani Ports among 10 stocks that earned upgrades in last 1 month. Check revised target price

Aluminium


Total aluminium production in the quarter under review stood at 605 kt, a 1% uptick over 596 kt reported in the corresponding quarter of the last financial year. On a sequential basis, the production was flat.

Zinc India


Vedanta’s highest ever first quarter mined metal production of 265 kt was in line with mine preparation activities being carried out every year in Q1, though it was lower QoQ. The refined metal production stood at 250 kt, down 5% YoY and 7% QoQ, in line with plant availability and on account of maintenance activities, the company filing said.

Saleable silver production at 149 metric tonnes was lower by 11% YoY due to lower input from mines and down 16% QoQ in line with lead production and higher WIP liquidation in the base period.

Iron ore


Saleable ore production was up 42% YoY, as in the corresponding quarter last year, there was a temporary suspension of IOK mine, while the mine at IOG was under the ramp-up stage. The pig iron production was up 4% YoY and QoQ, due to improved operational efficiency.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *