Vedanta's metals and oil units strengthen in Q2, steel and power lag
According to Moody's, Vedanta's metals and oil and gas profits rose on higher zinc, aluminium and crude prices, while steel and power results were weaker.
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what happened
Vedanta, according to Moody's, reported that profits in its metals and oil and gas businesses rose sharply in the September quarter. Vedanta Ltd, which holds Hindustan Zinc, and Vedanta Aluminium Metal more than doubled their annual profits, helped by elevated zinc and aluminium prices and lower costs.
Vedanta Oil and Gas returned to profit on higher crude prices, although output keeps falling. Interim chief executive Jim Johnny Gast said injection of an alkaline surfactant polymer solution should start within weeks and could lift output from key fields.
The steel and power arms performed worse. Vedanta Iron and Steel posted a loss of Rs.311 crore, while Vedanta Power swung to a profit of Rs.83 crore.
why it matters
For markets, the key point is that high zinc and aluminium prices supported earnings, but Phillip Capital analyst Suman Kumar warned that aluminium has since softened and could weigh on third-quarter results. Costlier bauxite bought from Odisha Mining Corporation after a dispute may add pressure on margins.
market impact
Zinc and aluminium: high prices supported Vedanta's profit, but softer aluminium prices put margins at risk
tags
instruments
sources
- Vedanta's metals and oil businesses post strong Q2, steel and power lag — Moody's, 29 October 2026 at 18:19 UTC
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