Vedanta Aluminium Metal on Thursday reported a more than threefold year-on-year (YoY) jump in consolidated net profit to Rs 5,629 crore for the first quarter of FY27, as the recently listed company announced its first quarterly results following its mega demerger.
Net profit surged 216% YoY from Rs 1,781 crore in the corresponding quarter of the previous financial year. Revenue from operations rose 46% YoY to Rs 21,393 crore during the April-June quarter of FY27, from Rs 14,654 crore in the year-ago period.
Vedanta Aluminium's total income rose more than 46% YoY to Rs 21,702 crore, while total expenses increased over 7.5% YoY to Rs 12,870 crore during the quarter under review.
Vedanta Aluminium announces dividend
Along with its Q1 results, Vedanta Aluminium Metal announced its first interim dividend of Rs 8 per share on a face value of Re 1 for FY27, which began on April 1, 2026.
The company has fixed August 5 (Wednesday) as the record date to determine shareholders' eligibility for the dividend. Shareholders who hold the company's shares in their demat accounts as of the record date will be eligible to receive the dividend.
Vedanta Aluminium's net profit margin more than doubled to 31% in Q1 FY27 from 15% in Q1 FY26, while its operating profit margin improved to 45% from 26% in the corresponding quarter last year. The company's net worth surged more than 86% YoY to Rs 30,441 crore at the end of the first quarter.
What Vedanta Aluminium management said
Vedanta Aluminium has commenced its new, independent chapter with robust operational and financial performance this quarter, reflecting the success of its approach, which combines business resilience, disciplined execution, and a long-term vision, said the company's CEO, Rajesh Kumar.
"In an increasingly dynamic geopolitical environment, our strategic focus on resource security, operational integration, and value-added products continues to strengthen our competitive position while enhancing our ability to deliver sustainable growth. Through this effort, we are systematically building a future-ready enterprise by creating enduring value for stakeholders, strengthening cost leadership, and shaping a globally competitive aluminium business," he added.
Vedanta Aluminium CFO Anup Agarwal said the company's inaugural quarter as an independent entity marks a strong start.
"We enter this phase from a position of robust financials, with a strengthened balance sheet and improved credit profile, offering increased flexibility for our strategic growth ambitions. As one of the world's leading aluminium producers, we aim to cater to the accelerating demand from the energy transition, infrastructure, transportation, packaging, and advanced manufacturing sectors across India and global markets through our integrated value chain and expanding value-added portfolio," he added.
Vedanta Aluminium share price
Vedanta Aluminium was the only large-cap stock among the four companies spun off from Vedanta under its mega demerger. It debuted at Rs 522 apiece on the NSE, surpassing its parent company in terms of market capitalisation.
Following the Q1 results, Vedanta Aluminium shares rose 2% to Rs 447 apiece on the NSE. The stock is still down more than 14% from its listing price.
Also read | Vedanta Aluminium Metal to double production capacity to 60 LTPA
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
