What To Expect From Vedanta Q1 Result? Flat Aluminium, Zinc Numbers May Weigh On Earnings, Check Preview

Vedanta Q1 Result Preview: Sequentially flat performance from the Zinc and Aluminium segments may put pressure on Vedanta's earnings in the June quarter of the financial year 2025-26, according to analysts. However, the company may see a surge in its ferrous and other segments on a year-on-year basis.

Vedanta shares remained under pressure during Wednesday's intraday trade ahead of the Q1 result announcement on Thursday. Vedanta stock opened marginally higher at Rs 440.55 per share on Wednesday. The Anil Agarwal-led conglomerate's share price was trading 0.36% lower at Rs 437.9 per share on BSE at noon.

Vedanta Q1 Result Preview

For investors who are interested in Vedanta's performance and looking to invest in the metal sector stock, here is a detailed Q1 result preview of Vedanta.

Vedanta Q1 Result Preview: Net Profit, Revenue, EBITDA

The metal-to-mining major may report an 8-6% increase in its revenue and EBITDA margins in the June quarter. Its net profit is expected to come in at Rs 30,845.0 million, according to Emkay Research.

Its net EBITDA growth is likely to see a 10% year-on-year EBITDA growth. The company's profit is likely to be supported by strong deliveries in multiple segments. "We expect VEDL to report a 10% YoY EBITDA growth on strong deliveries in the aluminium, Zinc International, and ferrous segments, partially offset by weak oil and gas performance," noted Systematix Institutional in its report.

Vedanta Q1 Result Preview: Aluminium, Zinc Business Growth In Focus

Emkay Research expects Vedanta's aluminium and zinc segment to showcase a weak performance. The weakness would be partially offset by sequentially higher captive alumina production and 34% QoQ decline in alumina prices.

"We expect VED to report soft Q1FY26 results, with EBITDA of Rs 105.5bn (down 9.2% QoQ and up 2.7% YoY). The softer performance is likely to be driven by sequentially flat performance in its aluminium segment and weak performance from the Zinc India segment, with EBITDA generation of Rs46.2bn and Rs38.3bn, respectively. Both the segments collectively contribute 80% of the EBITDA mix in Q1FY26E," noted Emkay Global in its report.

Vedanta's aluminium business may suffer because of the weak average price of aluminium in Q1FY26, which may decline by around 6.8% on a sequential basis to $2,446 per tonne. The weakness would be partially offset by a 36% QoQ increase in captive alumina production and 34% QoQ decline in alumina prices in Q1. Bauxite costs declined materially - 25.5% QoQ to USD78.5/t in Q1 from USD105.4/t in Q4.

Vedanta Q1 Preview: Hindustan Zinc Performance

Hindustan Zinc's performance is likely to be affected by the lower zinc volumes due to sequentially decline in lower zinc prices, additionally, record silver price rise may also impact Hindustan Zinc's business.

"We forecast Hindustan Zinc EBITDA at Rs38.3bn, impacted by the lower zinc volumes (down 5.6% sequentially), coupled with sequentially lower zinc prices (down 7.1% QoQ in Q1) as well as from lower silver volumes (down 15.8% QoQ). However, average silver prices for Q1 were up 5.7% to USD33.7/oz vs USD31.9/oz in Q4. As a result, we expect the margin profile to be slightly impacted in Q1FY26, at 51.5% vs 54.6% in Q4FY25," Emkay Research added in its report.

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