https://www.miningweekly.com
Emkay Global|Hindustan Zinc|Jefferies|Vedanta|Vedanta Aluminium|India|Aluminium|Copper|Mining|Silver|Zinc|Arun Misra
|||
emkay-global|hindustan-zinc|jefferies|vedanta|vedanta-aluminium|india|aluminium|copper|mining|silver|zinc|arun-misra

Indian miner Vedanta names Arun Misra as CEO, Q1 profit jumps

Arun Misra

Arun Misra

30th July 2026

By: Reuters

  

Font size: - +

Indian metals-to-oil conglomerate Vedanta on Thursday named Arun Misra as its CEO for a one-year term starting August 1, while also reporting a 72% jump in first-quarter profit.

Misra currently heads Vedanta's subsidiary Hindustan Zinc HZNC.NS and will step down to assume the new role.

Vedanta's consolidated net profit rose to 54.73-billion rupees ($572.4-million) for the quarter ended June 30, helped by higher base metal prices.

Base metal prices strengthened in the April-June period due to a mix of supply disruptions and steady demand, while geopolitical tensions in the Middle East amplified concerns about availability and logistics.

An increase in average zinc prices in the first quarter was expected to drive growth in Vedanta's India zinc business and add to its topline, according to analysts at Emkay Global.

Spot zinc prices rose 31% on-year, while copper climbed 40%, and silver prices more than doubled, according to data included in a note by Jefferies.

Higher commodity prices typically support selling prices and margins for mining companies.

Vedanta's revenue rose 51% to 234.56-billion rupees in the quarter through June.

Revenue from the company's combined India zinc and lead segment rose nearly 50%, while the copper segment delivered a 34% increase in revenue. Its India silver segment's revenue more-than-doubled.

Vedanta's net profit margins expanded to 22% from 12% a year earlier.

The firm's cost of raw materials consumed rose 37%, pushing up total expenses by 33% to 175.58-billion rupees.

Last week, Hindustan Zinc reported profit more than doubling on strong metal prices. Earlier on Thursday, Vedanta Aluminium Metal, the pure-play aluminium company formed after Vedanta's demerger, reported a more than three-fold jump in profit, boosted by higher aluminium prices.

Vedanta's shares closed 1.1% higher after the results.

Edited by Reuters

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Alco-Safe
Alco-Safe

Developed to exceed the latest EN 15964 standards for police breathalysers proving that it will remain accurate and reliable for many years to come.

VISIT SHOWROOM 
Sweet-Orr
Sweet-Orr

Sweet-Orr, established in 1871, is a global leader in superior protective workwear, known for quality, innovation, and performance.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Resources Watch
Resources Watch
29th July 2026

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.027 0.048s - 115pq - 2rq
Subscribe Now