Here’s a segment-wise breakdown of the numbers:
Vedanta Aluminium
Touted to be the biggest value creator among all demerged entities, Vedanta Aluminium posted its highest-ever quarterly aluminium production.Aluminium production increased by 5% from last year and 3% sequentially, while Alumina production was up by 41% from last year, although it was down by 6% compared to the March period.
Production of Value Added Products (VAP) increased by 14% year-on-year and 4% from the previous quarter, showcasing the shift towards high-margin, downstream aluminium products.
The stock is trading 0.5% higher on Monday at ₹464.
Vedanta Power
The company’s total power sales went up by 38% from last year, led by the Meenakshi Energy asset, reflective of higher demand and better plant utilization.Sales from Meenakshi Energy nearly tripled from last year, and 16% sequentially.
The stock is down 1.7% in Monday’s trade at ₹44.95.
Vedanta Oil & Gas
Unlike the aluminium and power segments, Vedanta’s oil & gas business faced headwinds this quarter.
All operating units reported a decline in production compared to last year.
Gross oil and gas production fell 17% from last year and 4% sequentially.
The stock is down 6% in early trading on Monday at ₹40.25.
Vedanta Iron & Steel
Regional performance for the Iron & Steel business was mixed, with Odisha and Goa operations reporting an increased in production, helping driving overall segment growth.
However, Karnataka saw a decline in production, both sequentially as well as from last year.
Total Iron & Steel production increased by 4% year-on-year but fell 3% from the previous quarter.
Shares are down 3.6% on Monday after ending Friday’s trade in a 5% lower circuit.
Vedanta
The remaining businesses of the conglomerate, Zinc India and Ports saw mixed results.
Zinc India saw a minor increase in production, though output was down sequentially.
Operations of the ports business improved both sequentially and year-on-year.
Shares of Vedanta are trading little changed on Monday at ₹280.1.
