Vedanta Aluminium Metal Limited · NSE:VAML
Vedanta Aluminium Metal — Q1 FY27 Earnings Presentation
33 slides from Vedanta Aluminium Metal's earnings presentation, Jul 30, 2026
Slide 1: Exchange cover letter: Outcome of Board Meeting
VAML/Sec./SE/26-27/20 July 30, 2026 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers “Exchange Plaza” Dalal Street, Fort Bandra-Kurla Complex, Bandra (East), Mumbai – 400 001 Mumbai – 400 051 Scrip Code: 544780 Symbol: VAML Sub: Outcome of Board Meeting held on July 30,
Slide 2: Vedanta Aluminium delivers strong debut
Vedanta Aluminium delivers strong debut: Profit zooms 205% to ₹6,597 Cr, EBITDA jumps 134% to ₹10,499 Cr YoY • Highest-ever revenue of ₹21,105 crore, up 13% QoQ & 45% YoY • Record EBITDA of ₹10,499 crore, up 24% QoQ & 134% YoY • Profit at ₹6,597 crore, up 33% QoQ & 205% YoY • Highest-ever aluminium
Slide 3: Q1FY27 ESG Highlights
₹10,499 crore, and PAT at ₹6,597 crore. 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 th
Slide 4: Financial Performance (In ₹ Cr)
Financial Performance (In ₹ Cr) 1Q 1Q % Change 4Q % Change Particulars FY27 FY26 YoY FY26 QoQ Revenue 21,105 14,557 45% 18,753 13% EBITDA 10,499 4,479 134% 8,475 24% EBITDA Margin 50% 31% 19% 45% 5% Depreciation & -775 -701 11% -751 3% Amortization Finance Cost -1,001 -1,000 0% -922 9% Investment In
Slide 5: Awards and recognitions
o Vedanta Aluminium, Lanjigarh won the Platinum Award for Sustainability Excellence at the Golden Bird National Awards 2026 • Safety o Vedanta Aluminium, Jharsuguda awarded International Safety Award from British Safety Council o Vedanta Aluminium, Lanjigarh won Platinum Award for Occupational Healt
Slide 6: For further information, please contact
For further information, please contact: Mr. Charanjit Singh Group Head – Investor Relations [email protected] Ms. Sonal Choithani Group Chief Brand & Communications Officer [email protected] About Vedanta Aluminium Metal Limited Vedanta Aluminium Metal Limited (NSE: VAML, BSE:
Slide 7: Earnings Presentation Q1FY27
Earnings Presentation Q1FY27 VEDANTA ALUMINIUM INDIA’S LARGEST PRODUCER OF THE ‘METAL OF THE FUTURE’
Slide 8: Table of Contents
1 Highlights 1 Quarterly Highlights ESG 2 Safety | Circularity | Energy | CSR Table of Business Performance 3 VAML Consol. | Refinery Contents Finance Update 4 P&L | Balance Sheet | Deleveraging 5 Appendix Sensitivity: Internal (C3)
Slide 9: Highlights
Highlights 1QFY27
Slide 10: Q1 FY27 Highlights
Q1 Revenue EBITDA PAT FY27 ₹21,105 crore ₹10,499 crore ₹ 6,597 crore Highlights +13% QoQ +24% QoQ +33% QoQ +45% YoY +134% YoY +205% YoY • Highest ever Quarterly Aluminium Metal Production Hot Metal CoP EBITDA Margin Production at 632 KT • Highest ever Quarterly Value-Added 632 KT 1698 $/T ~50% Produ
Slide 11: Environment, Social, & Governance
Environment, Social, & Governance
Slide 12: Zero Harm Journey
Safety Zero Harm Journey LTIFR down 80% QoQ to 0.04 in Q1 FY27 | Zero employee & business partner fatalities in Q1 FY27 Zero Harm Priorities LTIFR Fatalities Safety Awards 0.04 Q1 FY27 ↓ 80% QoQ 0 Employee + Partner Q1 FY27 6 Recognitions Q1 FY27 Vehicle-Pedestrian Safety Chemical Exposure Control 0
Slide 13: Strengthening ESG leadership through measurable impact
ESG Strengthening ESG leadership through measurable impact Strengthening ESG leadership through measurable impact S&P Global’s Corporate Robust CSA Score Consistent 2nd Rank in Global First ever Sustainability Assessment (CSA) 84/100 CSA 2025 for last inclusion 3 years ✓ among the Top 10% 83/100 Env
Slide 14: Circularity through responsible waste utilization & water conservation
Waste & Water Excellence Circularity through responsible waste utilization & water conservation Ash Utilization % Utilization of Ash 135 120% Q1 FY27 118 120 Ash utilization to improve through 99 ↓ 19% QoQ diversified off-take channels, mine 68 backfilling, enhanced rail evacuation (>50%), and 45 da
Slide 15: Steady transition towards greener energy mix
Energy Transition & Decarbonization Steady transition towards greener energy mix Q4 FY26 Q1 FY27 FY27 Exit 354 MW 321 MW +371 MW ▪ Serentica: 124 MW ▪ Serentica: 198 MW ▪ Serentica: 371 MW ▪ Market: 230 MW ▪ Market: 123 MW ▪ ++ Market 17.2 8.4% 9.0% 17 7.7% 7.3% 8.0% 17 6.4% 7.0% 16.8 5.5% 16.6 6.0%
Slide 16: CSR Footprints
CSR Footprints Health Initiatives Education 7.9 Lakh+ benefitted 37,100+ Students impacted 7 MHUs & 5 Ambulances 587 Nand Ghar 1 Mortuary Van 3 Hospitals & Balco Medical Centre Women Empowerment Agriculture 20,500+ Cooperative Women 19,000+ Farmers 1,500+ Self Help Groups 6,000 Farmers -Poultry & 6,
Slide 17: Marquee CSR Initiatives
Marquee CSR Initiatives NAND GHAR DEVELOP LOCAL HANDLOOM Target of 200 Nand Ghars across all assets of the Build national-level Kosa Silk capability at BALCO Aluminium sector, anchoring early childhood care and scale Sambalpuri handloom in Jharsuguda. and women's development. STATE OF ART ARCHERY WA
Slide 18: Employee Volunteerism
Employee Volunteerism _ 701 965 Employees Employee Manhours vedanta ~ aluminium
Slide 19: Business Performance
Business Performance 1QFY27 Sensitivity: Internal (C3)
Slide 20: Focused on growth, cost efficiency, and end-to-end integration
Vedanta Aluminium Metal Limited | Consolidated Focused on growth, cost efficiency, and end-to-end integration Aluminium Production (kt) FY27 Guidance +5 % y-o-y Key Highlights: 2600-2700 605 613 632 ▪ Highest ever Quarterly Aluminium Production at 632 KT BALCO 144 153 168 (+5% YoY) primarily due to
Slide 21: Alumina Refinery | Lanjigarh: Phased ramp up under progress
Alumina Refinery | Lanjigarh Phased ramp up under progress Alumina Production (kt) FY27 Guidance Key Highlights: 4000-4100 +41% y-o-y ▪ Quarterly Alumina Production at 826 KT (+41% YoY) due to higher volumes from the 3 MTPA circuit 900+ ▪ Targeting 900+ KT in Q2FY27 882 826 587 ▪ Cost of Production
Slide 22: A Transformative Year: Bringing Mines Into Operation
Mines | Coal & Bauxite A Transformative Year: Bringing 3 Mines Into Operation Mine Key Milestones Target Commissioning a. Mining Lease has been executed Kuraloi Coal Mine Q2FY27 b. Mine Opening permission obtained Coal & Bauxite a. Environmental Clearance granted Sijimali Bauxite Mine H2FY27 Mines b
Slide 23: Finance Update
1QFY27 WPA in ng hid = aluminium
Slide 24: Aluminium Profitability ($/t)
Aluminium Profitability ($/t) Hot metal cost 3,571 352 416 3,635 781 465 452 133 1,804 1QFY27 1698 $/t LME Strategic hedging Premium Realisation Alumina Power Other hot metal Conversion & EBITDA other 1765 $/t Margin improved 103% YoY ` 1QFY26 2,448 26 268 2,742 (877) (491) (396) (91) 887 18
Slide 25: EBITDA Bridge 1Q FY27 vs. 1Q FY26
EBITDA BRIDGE 1Q FY27 vs. 1Q FY26 +134% Market factors: 113 % Operational factors: 22 % 884 10,499 1,485 184 -88 9,519 -368 3,923 4,479 Q1' FY26 LME Exchange Rate Commodity Inflation Rebased EBITDA Volume Cost & Marketing Others Q1' FY27 88% 33% -8% 4% 20% -2% 19 Figures in ₹ Cr
Slide 26: VAML Consol Net Debt Walk – Q1 FY27 Vs. Q4 FY26
VAML Consol Net Debt Walk – Q1 FY27 Vs. Q4 FY26 3,481 33,013 SA: ₹32,116 1,532 29,532 BALCO: ₹897 1,177 2,574 SA: ₹30,699 BALCO: (₹1,167) -8,765 FCF: -5,013 ₹Cr Q4' FY26 CF from Ops. Working Capital Capex * Others Q1' FY27 20 Figures in ₹ Cr *Including Sustaining Capex
Slide 27: Balance Sheet & Debt Drawdown
Balance Sheet & Debt Drawdown ▪ Strong Liquidity: Cash and Cash Equivalents at ₹ 6,068 In $bn In In $bn In Gross Debt crores Q1FY27 ₹ 000’ cr Q4FY26 ₹ 000’ cr Term debt 3.5 33.3 3.9 36.3 ▪ Net Interest*: WC/Short term borrowing 0.2 2.3 0.1 1.4 o Interest Expense ~8.9% Total consolidated debt 3.8 35.
Slide 28: Summary of Income Statement
Summary of Income Statement ▪ Depreciation & Amortization o Depreciation at ₹775 Crores, higher by 3% QoQ & 11% YoY, In ₹ Crore Q1 FY27 Q4 FY26 Q1 FY26 on account of Project capitalization & routine capex investments Revenue from Operations 21,105 18,753 14,557 EBITDA 10,499 8,475 4,479 ▪ Finance Co
Slide 29: Appendix
= aluminium
Slide 30: VAML | Summary
VAML | Summary Quarter Particulars (in’000 tonnes, or as stated) 1QFY27 1QFY26 % YoY 4QFY26 Alumina – Lanjigarh 826 587 41% 882 Total Aluminum Production 632 605 5% 613 Jharsuguda 464 460 1% 460 Balco 168 144 17% 153 Financials (In ₹ crore, except as stated) Revenue 21,105 14,557 45% 18,753 EBITDA –
Slide 31: Project Capex | Update
Project Capex | Update Approved Spent upto Spent in Spent Unspent Capex in Progress (In Rs Cr) Capex FY26 1QFY27 till date as on 30th Jun’26 Jharsuguda VAP capacity expansion & others 1,656 1,619 1,619 37 Coal & Bauxite Mines 7,146 1,584 128 1,712 5,434 (Kuraloi, Ghogharpalli, Radhikapur Sijimali)*
Slide 32: Guidance & Sensitivity
Guidance & Sensitivity Alumina 4.0 - 4.1 MnT Aluminium1 2.6 - 2.7 MnT Guidance CoP2 & 3 $1,650-$1,700/t Foreign currency - Impact of ₹1 depreciation in FX rate Currency Increase in EBITDA USD/INR ~₹ 675-725 crore/year Sensitivity Commodity Prices - Impact of 100 $/t movement in LME Commodity Q1FY27
Slide 33: Earnings Call Details
Earnings Call Details Event Telephone Number +91 22 6280 1114 Universal Dial-In +91 22 7115 8015 India National Toll Free 1 800 120 1221 Canada 180014243444 Hong Kong 800964448 Earnings conference call on July 30, 2026, from 5:00 PM to 6:30 PM (IST) Japan 00531161110 Netherlands 08000229808 Internat
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