Key Financial Performance (Q1FY27)

Revenue Performance

  • Consolidated Revenue: ₹21,105 crore, up 13% QoQ and 45% YoY
  • Driven by higher volumes and marketing contribution supported by market tailwinds

Profitability Metrics

  • EBITDA: ₹10,499 crore, up 24% QoQ and 134% YoY
  • EBITDA Margin: 50%, up 455 bps QoQ and 1897 bps YoY
  • Profit After Tax: ₹6,597 crore, up 33% QoQ and 205% YoY
  • Driven by EBITDA expansion, cost efficiency, and value-added products

Cost Structure

  • Depreciation & Amortization: ₹775 crore, up 3% QoQ and 11% YoY
  • Finance Cost: ₹1,001 crore, increased by 9% QoQ and flat YoY
  • Tax Charge: ₹2,235 crore (Effective Tax Rate ~25%)

Balance Sheet & Debt

  • Net Debt to EBITDA improved to 0.9x from 1.3x in Q4FY26
  • Net Debt reduction of ₹3,481 crore
  • Cash and Cash Equivalents: ₹6,068 crore
  • Gross Debt: $3.8 billion (₹35,600 crore)
  • Debt composition: 89% INR Debt, 11% USD/Foreign Currency Debt
  • Average term debt maturity: ~3.5 years

Operational Performance

Production Metrics

  • Aluminium Production: 632 KT (highest-ever), up 3% QoQ and 5% YoY
  • Value-Added Products Production: 389 KT (highest-ever), up 4% QoQ and 14% YoY
  • Alumina Production: 826 KT, up 41% YoY
  • Alumina Cost of Production: $373/t at Lanjigarh refinery
  • Aluminium Cost of Production: $1,698/t

Mining Developments

  • Mining Lease executed and Mine Opening permission obtained for Kuraloi (A) North Coal Block (targeted Q2FY27)
  • Environmental Clearance and Forest Clearance Stage II granted for Sijimali Bauxite Mine (targeted H2FY27)
  • Environment Clearance recommended for Ghogharpalli Coal Mine (Forest Clearance targeted within Q2FY27, production targeted H2FY27)

Credit Rating Updates

  • Credit rating upgraded to AA+ (Stable) by both CRISIL and ICRA

Corporate Action

  • Board approved maiden interim dividend of ₹8 per share

ESG Highlights

Environmental Performance

  • Renewable energy consumption: 701 million units, up 38% YoY
  • GHG intensity reduction: ~3% YoY reduction (11.6% reduction against FY21 baseline)
  • Water recycling: ~4.9 million cubic metres
  • Fly ash utilization: 120% (including legacy ash)
  • Cumulative tree plantation: 2.9 million trees

Social Initiatives

  • Nearly 4 lakh beneficiaries through CSR interventions
  • 72,000 individuals empowered through skill development
  • 2.7 million women and children supported through social welfare programs
  • 21% gender diversity maintained
  • LGBTQ+ representation expanded to over 35 employees

Safety Performance

  • Zero fatalities in Q1FY27 for both employees and business partners
  • Improved safety performance compared to Q4FY26 with reduction in Lost Time Injuries and improved LTIFR

Awards & Recognitions

  • Vedanta Aluminium, Jharsuguda won Water Stewardship award at 16th India ICC Corporate Governance and Sustainability Vision Awards 2026
  • BALCO won Silver at CII National EHS Excellence Awards
  • Vedanta Aluminium, Lanjigarh won Platinum Award for Sustainability Excellence at Golden Bird National Awards 2026
  • Multiple safety awards from British Safety Council, Apex India, and Global Energy & Environment Foundation

Guidance & Sensitivities

Production Guidance

  • Alumina: 4.0-4.1 MnT
  • Aluminium: 2.6-2.7 MnT (including trial run production)
  • Cost of Production: $1,650-$1,700/t (with anticipated additional impact of 50-100 $/t due to war in H1FY27)

Financial Sensitivities

  • Impact of ₹1 depreciation in USD/INR: ~₹675-725 crore/year increase in EBITDA
  • Impact of 100 $/t movement in LME aluminum prices: ~₹2,000 crore/year impact on EBITDA

Capital Expenditure

  • Total approved capex: ₹27,203 crore
  • Spent till date: ₹20,057 crore (including ₹413 crore in Q1FY27)
  • Unspent as on June 30, 2026: ₹7,146 crore
  • Major projects include Jharsuguda VAP expansion, coal & bauxite mines, Lanjigarh refinery expansion, and BALCO smelter expansion

Conference Call Details

  • Scheduled on July 30, 2026, from 5:00 PM to 6:30 PM IST
  • Dial-in numbers provided for India and international participants
  • Call recording to be available on company website