Vedanta share: The mining major Vedanta Limited released its October to December (third-quarter) production data on Friday, January 3.

Vedanta Ltd shares closed 1.8 per cent higher at ₹457.90 after Friday’s market session, compared to ₹449.80 at the previous market close. The company filed its production data with BSE after market closing hours on Friday.

According to stock market experts, the company showed mixed performance in the third-quarter operational updates. Vedanta showed some notable achievements and certain challenges across key business segments. 

Vedanta Q3 metal production

Vedanta’s Zinc production in India dropped 2 per cent to 265,000 tonnes in the third quarter of the financial year 2024-25, compared with 271,000 tonnes in the same period of the previous financial year, according to a BSE filing on Friday.

The drop in Zinc India production was noted in the mined metal segment.

On the other hand, the total aluminium production gained 3 per cent YoY at 614,000 tonnes for the third quarter of the financial year 2024-25, compared to 599,000 tonnes in the same period a year ago.

The company’s aluminium production comes from two segments, one in Jharsuguda and the other under the Bharat Aluminium Company Ltd (BALCO), a subsidiary. 

Vedanta Q3 Update 

Speaking on Vedanta’s Q3 update, Anshul Jain, Head of Research at Lakshmishree Investment and Securities, said, “Vedanta Ltd. showcased a mixed bag of performance in its Q3 FY25 operational update, with notable achievements and some challenges across key business verticals.”

On the Aluminium and Alumina front, Jain cited, “Aluminium production reached 614 kilotonnes (kt), reflecting a 3% year-on-year (YoY) growth but slipping 1% quarter-on-quarter (QoQ). For the nine-month period, output climbed 3% YoY to 1,819 kt. Alumina production for the quarter rose 7% YoY, driving a robust 16% YoY increase to 1,542 kt over nine months.” 

“Zinc India achieved a record nine-month refined metal production of 783 kt, up 3% YoY, supported by improved grades and operational efficiencies. Zinc International posted a strong 12% YoY and 6% QoQ increase in mined metal output, reaching 46 kt in Q3,” noted the stock market expert.

“Oil and gas production dipped 19% YoY and 5% QoQ to 99.4 kboepd, although volumes from the Jaya discovery under OALP added positively. Ferrochrome production hit a nine-month record of 72 kt, soaring 35% YoY with the commissioning of a new furnace,” Jain said.

“Pig iron output rose 7% YoY and 14% QoQ due to furnace upgrades, while ore production surged 77% QoQ as monsoon impacts eased,” said the equities expert.

“Vedanta’s performance highlights its operational resilience amid varied sectoral trends,” said Jain. 

Vedanta share price outlook

Speaking on the outlook of Vedanta shares, Mahesh M Ojha, AVP — Research at Hensex Securities, said, “Vedanta shares look positive on the chart pattern and can reach up to ₹500 soon. Vedanta share price has made a strong base at ₹438.”

“So, Vedanta shareholders are advised to wait for Vedanta Q3 results in 2024-25 and hold the scrip, maintaining a stop loss below ₹438. Fresh investors can also initiate momentum buying in Vedanta shares for the short-term target of ₹500, keeping stop loss below ₹438,” suggested Ojha.

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