Vedanta Aluminium Metal reports 2-fold rise in Q2 net profit to Rs 5,167 cr

New Delhi, Oct 28 (PTI) Vedanta Aluminium Metal Ltd (VAML) on Wednesday reported a more than two-fold jump in consolidated net profit to Rs 5,167 crore for the September quarter of FY27, driven by record production, enhanced cost competitiveness, and continued progress on strategic integration initiatives.

The company had posted consolidated net profit of Rs 2,373 crore in the year-ago period.

Revenue rose to Rs 22,066 crore in the second quarter, from Rs 15,670 crore in the year-ago period, VAML said in a filing to BSE.

“Revenue increased to Rs 22,066 crore, up 41 per cent YoY, supported by higher volumes and improved marketing mix,” the company said.

Vedanta Aluminium achieved its highest-ever quarterly aluminium production of 6,49,000 tonnes,

up 5 per cent Y-o-Y. Value-added production reached a record 4,32,000 tonnes, up 31 per cent Y-o-Y, while alumina production hit a new quarterly high of 8,95,000 tonnes, up 37 per cent Y-o-Y.

“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,” Rajesh Kumar, Whole-Time Director & CEO, Vedanta Aluminium, said.

With a healthy balance sheet and continued progress across growth and integration projects, the company remains well positioned to fund its strategic priorities while maintaining financial discipline, VAML CFO Anup Agarwal said.

VAML is one of the world’s leading aluminium producers. As India’s largest aluminium producer, the company operates an alumina refinery and smelter complex in Odisha and the Bharat Aluminium Company (BALCO). PTI SID

MR