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Reading: Vedanta Q3 Replace: Aluminium manufacturing jumps 3% YoY to 614 kt, Zinc India down 2%
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StockWaves > Financial News > Vedanta Q3 Replace: Aluminium manufacturing jumps 3% YoY to 614 kt, Zinc India down 2%
Financial News

Vedanta Q3 Replace: Aluminium manufacturing jumps 3% YoY to 614 kt, Zinc India down 2%

StockWaves By StockWaves Last updated: January 4, 2025 3 Min Read
Vedanta Q3 Replace: Aluminium manufacturing jumps 3% YoY to 614 kt, Zinc India down 2%
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Steel main Vedanta reported a 3% year-on-year development in aluminium manufacturing to 614kt in Q32025 whereas the 9 -month manufacturing numbers stood at 1,819 kt, additionally a 3% rise over the identical interval a yr in the past.

Alumina manufacturing from its Lanjigarh refinery stood at 5,05,000 tonnes within the October-December quarter, increased by 7% over 4,70,000 tonnes within the year-ago interval. Within the 9 months, it stood at 1,542kt, a 16% YoY bounce.

That is a part of the quarterly updates given by the corporate forward of its earnings announcement and it was given to the exchanges on Friday after market closing hours.

Shares of Vedanta closed at Rs 457.35 on the NSE on Friday, up by Rs 7.60 or 1.69% over the Thursday closing worth.

Zinc India recorded a brand new excessive for refined steel at 783kt in 9MFY25, up 3% YoY, the corporate submitting stated. Nonetheless, mined steel manufacturing fell 2% YoY to 2,65,000 tonnes versus 2,71,000 tonnes within the year-ago interval

For Zinc Worldwide, the full mined steel stood at 46,000 tonnes in Q3FY25 versus 41,000 tonnes in Q3FY24 which is a 12% YoY development. Sequentially it’s a 6% bounce versus 44,000 tonnes.Manufacturing from OALP blocks stood at 4 kboepd in 3Q, supported by ramp-up of volumes from Jaya discovery, the submitting stated. In the meantime, the 9-month total common gross operated manufacturing throughout belongings at 105.5 kboepd.Pig Iron manufacturing is up 7% YoY on account of realining of 1 smaller furnace and 14% QoQ on account of deliberate shutdown of enormous Blast Furnace and heavy monsoon in 2QFY25.

The corporate reported its best-ever 9-months ferrochrome manufacturing at 72,000 tonnes, up 35% YoY.

Vedanta had reported a revenue of Rs 5,603 crore for the quarter ended September 2024 as towards a lack of Rs 915 crore in the identical quarter of final yr. Income from operations, in the meantime, declined 4% year-on-year to Rs 37,171 crore within the quarter ended September 2024. The identical stood at Rs 38,546 crore a yr in the past.

(Disclaimer: Suggestions, options, views and opinions given by the consultants are their very own. These don’t characterize the views of Financial Instances)

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