Vedanta Aluminium posts stellar Q2: Profit doubles to ₹ 6,187Cr, EBITDA rises 83% YoY
Bhubaneswar, 28th October 2026:Vedanta Aluminium Metal Limited (BSE:544780 & NSE:VAML), India’s largest aluminium producer, today announced its unaudited financial results for the quarter and half year ended 30 September 2026, delivering solid financial results and record operational performance, underpinned by highest-ever production levels, enhanced cost competitiveness, and continued progress on strategic integration initiatives.
Revenue increased to ₹22,066 crore, up 41% YoY, supported by higher volumes and improved marketing mix. EBITDA stood at ₹10,192 crore, up 83% YoY, with an EBITDA margin of ~46%. Profit after tax stood at ₹6,187 crore, more than doubling YoY with an increase of 105%.
Vedanta Aluminium (VAML) further strengthened its balance sheet during the quarter, reducingnetdebtby₹3,090croreQoQ,withNetDebt/EBITDAimprovingto0.7xfrom0.9xin Q1FY27. The company’s robust 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, increasing31%YoY,whilealuminaproductionscaledanewquarterlyhighof895KT,up37% YoY.
Advancing its integration strategy, Vedanta Aluminium continues to build one of the world’s most competitive and fully integrated aluminium businesses, strengthening its resource securitywhileprogressingcapacityexpansionacrossthevaluechain.Duringthequarter,the second zone of the 435 KTPA BALCO expansion was operationalised, and Consent to Operate(CTO)wasobtainedfortheSijimaliBauxiteBlock.Thesemilestonesmarkcontinued progress in the company’s capacity expansion and resource-security initiatives.
Commenting on the company’s Q2 performance, Rajesh Kumar, Whole-Time Director & 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, reinforcestherobustfoundationofourintegratedvaluechain.Aswescaleouroperations,our focus remains on disciplined execution, cost competitiveness and an expanding portfolio of value-addedproducts,enablingustocreateenduringvalueforourstakeholdersandmeetthe growing demand for aluminium.”
Anup Agarwal, CFO, Vedanta Aluminium, said,“We sustained our earnings momentumin Q2, with revenue of ₹22,066 crore, EBITDA of ₹10,192 crore, and PAT of ₹6,187 crore. Importantly, disciplined cash generation and capital management enabled us to reduce net debt by ₹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.”
