Vedanta Share Price Dips 8% Despite Strong Q3 Results Amid Global Metal Downturn

Vedanta’s shares saw a sharp 8% decline on January 30, snapping a six-day winning streak, even after the company reported robust results for the third quarter of FY26. Investors witnessed the stock dip to Rs 702.40, following a recent high of Rs 769.80, as broader metal prices fell globally.

The slide in Vedanta’s stock comes alongside a general downturn in the metal sector. Profit booking and falling global metal prices contributed to the Nifty Metal index tumbling nearly 5% in today’s trade.

Market Performance: Metals Under Pressure

• Vedanta shares slipped over 8% on January 30.
• The stock’s decline ended a six-session upward run.
• Broader metal sector index, Nifty Metal, dropped by ~5%.
• Global metal price weakness contributed to the sell-off.

Despite Vedanta’s strong operational performance, the metal markets are facing pressure, prompting the stock to correct from its recent 52-week high.

Vedanta Q3 Financial Performance (October–December FY26)

Vedanta’s consolidated net profit jumped to Rs 5,710 crore in Q3 FY26, a significant 61% increase compared to Rs 3,547 crore reported in the same quarter last year. Revenue from operations climbed 37% YoY to Rs 23,369 crore, reflecting strong performance across its diversified businesses.

Key highlights for the quarter include:

• Aluminium Business:
  • Highest-ever EBITDA of $1,268 per ton.
  • Supported by record alumina and aluminium production.
• Zinc India:
  • Quarterly EBITDA at Rs 6,064 crore, a record high.
  • Silver contributed 44% of overall profit.
• Zinc International:
  • Production up 28% YoY.
  • Gamsberg achieved its highest-ever recovery.
• Oil & Gas:
  • India’s first subsea template installation milestone achieved.
• Thermal Power Business:
  • 188% YoY EBITDA growth.
  • 62% increase in sales volumes.
• Steel and Ferrochrome:
  • Steel billets production reached 285 kt.
  • Ferrochrome output rose 32% YoY.

These figures underline Vedanta’s strong operational execution, even amid global commodity volatility.

Company Overview: Diversified Growth Across Metals and Energy

Vedanta operates across multiple sectors, including aluminium, zinc, oil & gas, thermal power, steel, and ferrochrome. The Q3 FY26 results highlight record achievements across nearly all divisions, underscoring the firm’s ability to expand production, maximize output, and strengthen margins.

The company’s integrated approach—combining mining, refining, and power operations—helped deliver one of the most profitable quarters in its history.

Summary

Vedanta’s latest quarter demonstrates impressive growth in revenue, net profit, and EBITDA, setting new benchmarks for its aluminium, zinc, and power operations. Yet, the stock faced an 8% decline, reflecting broader metal market pressures and profit-taking.

Key Takeaways:

• Consolidated net profit rose 61% YoY to Rs 5,710 crore.
• Revenue increased 37% YoY to Rs 23,369 crore.
• Aluminium and Zinc businesses posted record EBITDA and production.
• Steel, Ferrochrome, and Thermal Power segments delivered strong growth.

While Vedanta continues to show operational strength, today’s price movement underscores how external market factors, like global metal trends, continue to influence stock performance.

Source: Moneycontrol