Vedanta Ltd reported a 1 per cent year-on-year (YoY) growth in aluminium production, reaching 6.03 lakh tonnes in Q4FY25 compared to 5.98 lakh tonnes in the same quarter last year. However, the company’s Lanjigarh refinery saw a decline in aluminium production, which fell 11 per cent YoY to 4.31 lakh tonnes, also registering a 15% quarter-on-quarter (QoQ) dip. Saleable metal production stood at 2.7 lakh tonnes, marking a 1 per cent YoY drop but a 4 per cent sequential increase.
Meanwhile, Zinc India’s mined metal production increased 4 per cent YoY to 3.1 lakh tonnes, with a 17 per cent QoQ rise. However, refined zinc output was down 3 per cent YoY at 2.14 lakh tonnes, though it improved 5 per cent QoQ. Silver production fell 7 per cent YoY to 177 tonnes but saw a 10 per cent sequential increase. Vedanta’s Zinc International division posted a strong 52 per cent YoY growth in mined metal, totalling 50,000 tonnes in Q4FY25.
Oil & gas output declines, iron ore and pig iron show resilience
Vedanta’s oil & gas segment faced pressure, with average daily gross operated production falling 18 per cent YoY to 96.2 thousand barrels of oil equivalent per day (kboepd). In contrast, the company’s iron ore operations in Karnataka produced 1.7 million tonnes, down 3 per cent YoY but up 37 per cent QoQ. Pig iron production rose 4 per cent YoY to 2.05 lakh tonnes.
Power sales drop 5% YoY, wind power surges
The power segment saw an overall sales decline of 5 per cent YoY to 3,770 million units in Q4FY25, though it rose 18 per cent sequentially. Wind power generation, however, grew 3% YoY and surged 33% QoQ to 63 million units.
Vedanta stock tumbles 7.6% after Trump’s tariff shock
Vedanta’s stock plummeted 7.6 per cent to Rs 406.15 on Friday, mirroring the broader decline in metal stocks after U.S. President Donald Trump imposed a 25 per cent tariff on India’s steel, aluminium, and auto-related exports. The Nifty Metal index also dropped over 5 per cent. Pharmaceuticals, semiconductors, copper, and energy products were exempt, but other goods face a steep 27 per cent reciprocal tariff.
Strong Q3FY25 earnings failed to cushion the blow
Despite a strong Q3FY25 performance, where consolidated net profit jumped 76.2 per cent YoY to Rs 3,547 crore and net sales grew 10.2 per cent YoY to Rs 38,526 crore, the latest tariff news has rattled investor sentiment. Analysts warn of continued volatility in Vedanta’s stock amid global trade tensions.
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