Bhubaneswar: 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, reinforces the robust foundationo four 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.”

Anup Agarwal,CFO, Vedanta Aluminium, said, “We sustained our earnings momentum in 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.”

 FinancialPerformance(In₹Cr)

·         Revenue

• Consolidated Revenue at ₹22,066 Cr, up 5% QoQ & 41% YoY, due to higher volumes & improved marketing mix.

·         EBITDA

• EBITDAdown3%QoQ&up83%YoYto₹10,192Crdrivenbyhigher volume & marketing contribution. This was supported by favorable forex movement and offset by a sequential decline in LME.

·         Depreciation & Amortization

• Depreciation & Amortization at ₹802 Cr, up 4% QoQ & 15% YoY, in line with asset capitalization

·         Finance Cost

• Finance cost at ₹911 Cr, lower by 9% QoQ & 4% YoY, on account of lower average borrowings

·        Profit After Tax

• PAT at ₹6,187 Cr, lower by 6% QoQ & up 105% YoY, reflecting EBITDA performance

ESG Highlights

• Vedanta Aluminium advanced its sustainability agenda in Q2 FY27, with renewable energy consumption increasing to 415 MW from 312 MW in Q2 FY26, taking renewable energy share to 9% from 7.3%. GHG intensity improved to16.42 from16.54 in Q1 FY27, while operational smelters achieved water positivity of 1.06. The quarter also saw continued progress across water stewardship and circular economy initiatives,reinforcing the journey towards lower-carbon,resource-efficient operations.

Awards & Recognitions

• Sustainability&CSR
  • BALCO received national recognition for Excellence in Energy Conservationat the 3^rd Convention on Energy Conservation, 2026 by the Quality Circle Forum of India
  • Vedanta Aluminium, Jharsuguda recognized at the CII Energy Efficiency Summit 2026
  • Gold Award for Vedanta Aluminium, Lanjigarh at the12^thGreentech CSR India Awards 2026 for its watershed and livelihood initiative ‘Project Sangam’

·         Safety & Business Excellence

• Vedanta Aluminium, Jharsuguda awarded the British Safety Council Five-Star Occupational Health and Safety Audit Award for TPP, CPP, & Smelter units
• GoldAwardforVedantaAluminium,Lanjigarhatthe8^thICCNational Occupational Health & Safety Awards 2026
• BALCO secured the Platinum award for its outstanding improvement initiatives at the CII National 3M Competition

ResultsConferenceCall

Please note that the results presentation is available in the Investor Relations section of the company website www.vedantaaluminium.com

Following the announcement, a conference call is scheduled on October 28, 2026, from 5:00 PM to 6:00 PM (IST), where the senior management will discuss the company’s results and performance. The dial-in numbers for the call are as below:

*Incaseofdial-insfromanyothercountry,pleaseusetheonlineregistrationlinkforrelevantdial-innumbers.

 For further information,please contact:

Ms.Sonal Choithani

Group Chief Brand & Communications Officer Sonal.Choithani@vedanta.co.in