Vedanta Aluminium Metal Q2 FY27 results: net profit ₹6,187 crore

How did Vedanta Aluminium Metal perform in Q2 FY27?

Vedanta Aluminium Metal reported consolidated revenue of ₹22,324 crore in Q2 FY27, up 4.4% from ₹21,393 crore in Q1 FY27. EBITDA was ₹10,113 crore, down 1.8% from ₹10,299 crore, while the EBITDA margin was 45.3% compared with 48.1%. Net profit was ₹6,187 crore, down 6.2% from ₹6,597 crore, and basic EPS was ₹13.21 compared with ₹14.39.

Profit before tax was ₹8,262 crore, down 6.5% from ₹8,832 crore in Q1 FY27, after total expenses rose 8.2% to ₹13,924 crore. Cost of materials consumed increased 19.5% to ₹6,535 crore, while finance costs declined 9.0% to ₹910.76 crore. The quarter included an exceptional charge of ₹484.76 crore, while Q1 FY27 had no exceptional item. Year-ago quarter figures were not provided.

The company also reported standalone revenue of ₹16,081.42 crore and standalone profit after tax of ₹4,106.58 crore for Q2 FY27. For H1 FY27, consolidated revenue was ₹43,716.95 crore, total income was ₹44,372.95 crore, profit before tax was ₹17,094.42 crore, net profit was ₹12,784.23 crore and basic EPS was ₹27.61.

What do the balance sheet and cash flow show?

As of 30 September 2026, Vedanta Aluminium Metal reported total assets of ₹89,741.16 crore and total equity of ₹33,656.25 crore. Borrowings stood at ₹32,759.88 crore and cash was ₹258.25 crore. Inventories were ₹7,932.0 crore, trade receivables were ₹2,575.0 crore and trade payables were ₹4,742.38 crore. A previous balance-sheet date was not provided, so the period-on-period movements cannot be stated from the supplied information.

For H1 FY27, operating cash flow was ₹14,636.88 crore, investing cash flow was negative ₹4,704.0 crore and financing cash flow was negative ₹11,149.0 crore. Capital expenditure was ₹2,476.59 crore. The company did not provide a year-earlier H1 cash-flow comparison, and a closing cash figure was not given.

What else did the company announce?

The board approved the company’s unaudited consolidated and standalone financial results for the second quarter and half year ended 30 September 2026 on 28 October 2026. The statutory auditors, M/s S R B C & CO LLP, issued a limited review report with an unmodified opinion. The filing stated that there was no outstanding default on loans and debt securities and that the statement on deviation or variation for public-issue, rights-issue, preferential-issue or qualified-institution-placement proceeds was not applicable.

In a separate filing on 28 October 2026, the Nomination and Remuneration Committee approved a grant of 49,65,124 performance-based stock options under the VAML ESOP 2026. The options cover eligible employees, including Key Managerial Personnel and Senior Management, vest over 36 months from the grant date, may be exercised within eight months from vesting, and have an exercise price of ₹1 per equity share. Each option is convertible into one equity share of face value ₹1.

What did Vedanta Aluminium Metal's management say?

The company’s earnings-call transcript was filed on 2 November 2026, but the supplied excerpts contain no management quotations, guidance, priorities, risks or analysts’ questions. The available filing therefore does not support attributing any specific operational outlook or explanation for the quarter’s figures to management.

How did Vedanta Aluminium Metal shares react?

Vedanta Aluminium Metal’s shares were up 1.4% on the reaction day from the pre-results close of ₹354.25, reaching a base price of ₹358.95. The stock was up 0.1% five minutes after the filing appeared. By the next day’s close, it was down 1.6% from its pre-results close, and by the fifth session it was up 6.1% from that close. An industry median was not provided for comparison.