Mumbai. Vedanta Aluminium Metal Limited (BSE: 544780 and NSE: VAML), India’s largest aluminium producer, announced its financial results for the quarter ended June 30, 2026. The company delivered an outstanding performance in its first quarter as an independent entity. The company’s board has also approved a first interim dividend of ₹8 per share.
The company’s revenue rose to a record high of ₹21,105 crore, marking a 13% increase compared to the previous quarter and a 45% rise compared to the same quarter last year. This growth was driven by higher sales volumes and better price realization. EBITDA surged to a record ₹10,499 crore, up 24% from the previous quarter and 134% from the corresponding quarter of the previous year. Driven by improved cost control, the EBITDA margin also expanded to a record high of 50%.
**Vedanta Aluminium Receives AA+ Credit Rating**
The company reported a profit of ₹6,597 crore, an increase of 33% over the previous quarter and 205% over the same quarter last year, reflecting its strong operational performance. The company has further strengthened its financial position by reducing debt; the net debt-to-EBITDA ratio improved to 0.9x from 1.3x in the fourth quarter of FY26. In recognition of its consistently strong performance, both CRISIL and ICRA have upgraded Vedanta Aluminium’s credit rating to AA+ (Stable).
**Record Aluminium Production of 632 KT**
The company’s aluminium production rose to a record high of 632 kilo tonnes (KT), an increase of 3% compared to the previous quarter and 5% compared to the same quarter last year. Meanwhile, the production of value-added products (VAP) rose to a record high of 389 kilotonnes (KT), marking a 4% increase compared to the previous quarter and a 14% rise over the corresponding quarter of the previous year. The company’s alumina production stood at 826 kilotonnes (KT), up 41% from the same quarter last year, driven by expanded refining capacity and improved plant utilization.
**Company Continuously Strengthening the Regular and Secure Availability of Raw Materials**
As India’s largest aluminium producer, Vedanta Aluminium is working towards building one of the world’s most robust, competitive, and fully integrated aluminium businesses. To this end, the company is continuously strengthening the regular and secure availability of raw materials.
Commenting on the company’s first-quarter performance, Rajesh Kumar, Whole-time Director and CEO of Vedanta Aluminium, said, “As an independent company, we have made a strong start this quarter, delivering robust operational and financial results. This is the outcome of our operational excellence, effective execution, and forward-looking approach. In a changing global landscape, our focus on securing raw materials, enhancing operational efficiency, and prioritizing high-value products is strengthening our competitive position. This is also enabling us to achieve sustained, long-term growth. Through these efforts, we are building a future-ready company. Simultaneously, we remain committed to creating long-term value for all our stakeholders, maintaining cost efficiency, and establishing a formidable global aluminium business.”
Anup Agarwal, CFO of Vedanta Aluminium, said, “We have had a strong start to our first quarter as an independent company. We recorded a record revenue of ₹21,105 crore, an EBITDA of ₹10,499 crore, and a PAT of ₹6,597 crore. We are entering this new phase with a robust financial position, a strengthened balance sheet, and an improved credit rating. This provides us with greater flexibility to advance our strategic growth plans. As a leading global aluminium producer, we aim to meet the rapidly growing demand across sectors such as energy transition, infrastructure, transportation, packaging, and advanced manufacturing—both in India and global markets—leveraging our integrated production chain and expanding portfolio of value-added products.” Key ESG Achievements in Q1 FY27
Community Development & Social Initiatives: Vedanta Aluminium extended support to approximately 4 lakh people through need-based CSR programs. It empowered 72,000 individuals through skill development initiatives and supported 27 lakh women and children through various social welfare programs.
Environmental Initiatives and Key Achievements
Clean Energy: Renewable energy consumption by Vedanta Aluminium rose by 38% year-on-year to 701 million units (70.1 crore units), aiding efforts to reduce carbon emissions. Increased renewable energy usage and energy conservation measures led to a reduction of approximately 3% in the company’s Greenhouse Gas (GHG) emissions compared to the previous year; this represents an 11.6% reduction compared to FY21.
Water Conservation: The company recycled approximately 4.9 million cubic meters (49 lakh cubic meters) of water. It also reduced fresh water consumption through water reuse, recycling, and the utilization of alternative water sources.
Waste-to-Resource: The company achieved 120% fly ash utilization, including the consumption of legacy fly ash stocks. Additionally, it increased the reuse of red mud under its ‘Red-to-Green’ initiative.
Biodiversity Conservation: The company advanced its biodiversity initiatives by focusing on planting native species and rehabilitating mining areas. To date, the company has planted a total of 2.9 million (29 lakh) trees.
Workplace Enhancement and Employee-Related Achievements
Vedanta Aluminium further strengthened workplace safety during Q1 FY27. The company’s safety performance improved compared to Q4 FY26. There was a reduction in the number of Lost Time Injuries (LTIs)—injuries resulting in time off work—as well as an improvement in the LTI rate. The company further strengthened its commitment to workplace safety through increased site visits by senior executives, regular safety discussions, systems for managing critical risks, and measures tailored to the specific needs of each workplace. To enhance opportunities for all, the company maintained 21% gender diversity and increased the number of LGBTQ+ employees to over 35, thereby helping to create a more inclusive and future-ready workplace.
**Financial Performance**
Revenue: The company’s total revenue stood at ₹21,105 crore, up 13% sequentially and 45% year-on-year. This growth was driven by increased sales volumes, marketing contributions, and favorable market conditions.
EBITDA and EBITDA Margin: The company’s EBITDA rose to ₹10,499 crore, an increase of 24% sequentially and 134% year-on-year. This growth was driven by higher sales, improved cost control, and the contribution of Value-Added Products (VAP). Better market realizations also aided performance, although rising raw material costs had some impact.
o The EBITDA margin stood at 50%, up 455 basis points (bps) sequentially and 1,897 basis points (bps) year-on-year.
Depreciation and Amortization: o Depreciation and amortization expenses stood at ₹775 crore, up 3% sequentially and 11% year-on-year. This aligns with the capitalization of new assets.
Finance Cost: The company’s finance cost stood at ₹1,001 crore, up 9% sequentially and flat year-on-year.
Profit After Tax: The company’s Profit After Tax (PAT) stood at ₹6,597 crore, up 33% sequentially and 205% year-on-year. This was driven by the increase in EBITDA.
Q1 FY27 Awards and Accolades
Sustainability and CSR
o Vedanta Aluminium, Jharsuguda, was recognized for water conservation at the 16th India ICC Corporate Governance and Sustainability Vision Awards 2026. o BALCO received the Silver Award at the CII National EHS Excellence Awards.
o Vedanta Aluminium, Lanjigarh received the Platinum Award for Sustainability Excellence at the Golden Bird National Awards 2026.
Safety
o Vedanta Aluminium, Jharsuguda received the International Safety Award from the British Safety Council.
o Vedanta Aluminium, Lanjigarh received the Platinum Award at the 10th Apex India Occupational Health and Safety Awards.
o BALCO received the Global Road Safety Award 2026 from the Global Energy and Environment Foundation (GEEF) for road safety.
o Jamkhani Coal Block won multiple awards during the Annual Mine Safety Fortnight.
Business Excellence
o Vedanta Aluminium, Jharsuguda secured the first position in the CII QC Competition and the CII Industrial Relations Competition at the CII Industry Carnival 2026.
o Vedanta Aluminium, Lanjigarh received ‘Par Excellence’ and ‘Excellence’ awards at the Quality Circle Forum of India’s 5S Conclave.
o BALCO was honored with a national award at the 11th CII Digitization, Robotics, and Automation Competition.
