Mumbai: Vedanta Aluminium Metal Ltd (VAML) today announced its unaudited financial results for the quarter and half year ended September 30, 2026, on Wednesday.
Revenue increased to Rs 22,066 crore, up 41% Year-on-Year, supported by higher volumes and improved marketing mix. EBITDA stood at Rs 10,192 crore, up 83% YoY, with an EBITDA margin of about 46%. Profit after tax stood at Rs 6,187 crore, more than doubling YoY with an increase of 105%.
VAML further strengthened its balance sheet during the second quarter, reducing net debt by Rs 3,090 crore Quarter-on-Quarter, with net debt/EBITDA improving to 0.7x from 0.9x in the first quarter of FY27.
The company’s credit profile was further validated with India Ratings upgrading its credit rating to AA+ (Stable), alongside rating reaffirmations from ICRA and CRISIL.
Operationally, Vedanta Aluminium achieved its highest-ever quarterly aluminium production of 649 KT, up 3% QoQ and 5% YoY. Value-added production reached a record 432 KT, increasing 31% YoY, while alumina production scaled a new quarterly high of 895 KT, up 37% YoY.
The company advanced its integration strategy, continuing to build one of the world’s most competitive and fully integrated aluminium businesses, strengthening its resource security while progressing capacity expansion across the value chain, the company said in a statement.
“During the quarter, the second zone of the 435 KTPA BALCO expansion was operationalised, and Consent to Operate (CTO) was obtained for the Sijimali Bauxite Block. These milestones mark continued progress in the company’s capacity expansion and resource-security initiatives,” VAML said.
Commenting on the company’s Q2 performance, Rajesh Kumar, whole-time director and CEO, Vedanta Aluminium, said: “Our performance this quarter reflects the continued momentum in scaling Vedanta Aluminium into a globally competitive, integrated aluminium business. We achieved record aluminium and alumina production while making tangible progress across our growth and integration initiatives. The operationalisation of the second zone of BALCO’s expansion, alongside progress on securing our bauxite resources, reinforces the robust foundation of our integrated value chain.”
“As we scale our operations, our focus remains on disciplined execution, cost competitiveness and an expanding portfolio of value-added products, enabling us to create enduring value for our stakeholders and meet the growing demand for aluminium,” he added.
Anup Agarwal, CFO, Vedanta Aluminium, spoke on disciplined cash generation, saying: “We sustained our earnings momentum in Q2, with revenue of Rs 22,066 crore, EBITDA of Rs 10,192 crore, and PAT of Rs 6,187 crore. Importantly, disciplined cash generation and capital management enabled us to reduce net debt by Rs 3,090 crore during the quarter, improving Net Debt/EBITDA to 0.7x. The ratings upgrade and reaffirmations further strengthens our financial profile. With a healthy balance sheet and continued progress across our growth and integration projects, we remain well positioned to fund our strategic priorities while maintaining financial discipline.”
