NSE: VAML · BSE: 544780
VEDANTA ALUMINIUM METAL L
Produces primary aluminium and alumina, with a growing share of value-added products like primary foundry alloys for the auto sector. The Q1 FY27 quarterly result showed revenue of Rs 21,105 crore and EBITDA of Rs 10,499 crore at about 50% margin, with aluminium production at a record 632 KT for the quarter. FY27 volume guidance is 2.6-2.7 MnT of aluminium and 4-4.1 MnT of alumina, with a target cost of production of 1,650-1,700 dollars per tonne. It is pushing to become the world's largest primary billet producer at 1.25 MTPA through BALCO expansion, with 90% of output targeted at value-added products, including two new foundry alloys launched for auto customers in 60-plus countries. Backward integration is being secured through the Karlapat Bauxite Block (about 248 million tonnes of reserves across 1,822.61 hectares in Odisha) declared as preferred bidder via subsidiary BALCO, which is now a subsidiary following the 51% stake acquisition from Vedanta Ltd for Rs 22,180 crore. Power cost is being managed by tying up a 600 MW solar delivery agreement and a 150 MW Battery Energy Storage System with Serentica Renewables for round-the-clock renewable supply. AR · MarketPing reader · 2026-09-16
Revenue streams, as the annual report describes them. Primary aluminium and value-added products (billet, foundry alloys), Alumina. Asset-heavy, cyclical aluminium and alumina producer with a value-add push.
Exhibit 1: Financial summary, – (all audited; no estimate years)
| ₹ crore · consolidated |
|---|
| Revenue |
| EBITDA (ex other income) |
| margin % |
| Owners' profit |
| EPS, as reported (₹) |
| ROE % · ROCE % |
| Debt / equity (x) |
| Cash from operations |
| Capex |
Exhibit 2: Quarterly performance, last 1 quarters
| ₹ crore | Q1 FY27 |
|---|---|
| Revenue | 21,393 |
| Profit before tax | 8,832 |
| Net profit | 6,597 |
| EPS (₹) | 14.39 |
Exhibit 3: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 28 Oct 2026 · Earnings call audio filed for September 2026 quarter results | investor communications | low | — | — |
| 28 Oct 2026 · Q2 FY27 profit doubles to ₹6,187 crore on record output | compliance | low | — | — |
| 28 Oct 2026 · Q2 FY27 profit doubles as revenue and production hit records | compliance | low | — | — |
| 28 Oct 2026 · Consolidated Q2 revenue up 5% from June quarter, profit down 6%; H1 profit up 203% year on year | results | high | — | — |
| 28 Oct 2026 · H1 FY27 revenue rises 43%, margin expands to 47% and net profit jumps 147% | results | high | — | — |
| 28 Oct 2026 · VAML grants 49.65 lakh performance-linked stock options to employees | corporate actions | medium | — | — |
| 22 Oct 2026 · Board meeting on Oct 28 to consider Q2 FY27 results | results | low | — | — |
| 22 Oct 2026 · Board meeting on Oct 28 to consider Q2 results; trading window closed | compliance | minimal | — | — |
| 7 Oct 2026 · Quarterly compliance certificate confirms all shares held in demat form | compliance | minimal | — | — |
| 3 Oct 2026 · Vedanta Aluminium posts record Q2 production across all segments | business updates | medium | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.