Vedanta Aluminium Metal delivered exceptional Q1 results with net profit surging 72% year-on-year to ₹5,473 crore, according to The Economic Times. The company achieved consolidated revenue of ₹21,105 crore, representing a 45% increase and reaching an all-time high. EBITDA jumped 98% to a record ₹8,469 crore, with EBITDA margin improving significantly excluding the copper business segment. Revenue from operations increased 54% during the same period, reflecting robust operational performance across the aluminium division.
Aluminium production reached an all-time high of 632,000 tonnes in Q1, registering growth of 5% YoY and 3% QoQ, primarily driven by higher volumes from the new BALCO smelter. The company announced an interim dividend of ₹8 per share for shareholders, demonstrating strong cash generation capabilities. Earnings before interest, tax, depreciation, and amortisation more than doubled to ₹10,499 crore, highlighting the company's operational efficiency improvements.
Motilal Oswal has maintained its buy rating on Vedanta Aluminum with a target price of ₹540, as reported in their July 30, 2026 research. The brokerage's analysis shows the stock trades at 5.3x EV/EBITDA on FY28, supporting their bullish outlook on the aluminium producer. Nuvama maintained a buy rating with a target price of ₹333, while Motilal Oswal's Neutral rating with ₹290 target price implies 8% upside potential, according to The Economic Times.
Vedanta announced Arun Misra as the new CEO, effective August 1st, marking a significant leadership transition for the company. The company expects substantial growth in the next five to six years, with The Economic Times reporting that Hindustan Zinc's expansion and critical mineral acquisitions will drive this growth. Vedanta plans significant capital expenditure for capacity expansion this fiscal, positioning the company for continued expansion in the aluminium sector.
