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Vedanta Aluminium Metal Limited (VAML)

₹371.85 +3.42% last close, 16 Oct

📊 NSE: VAML 🏢 Aluminium 📢 Latest filing: 03 Oct 2026

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, Vedanta Aluminium's revenue was ₹21,393 Cr (+46.0% year on year, +11.9% on the previous quarter), and net profit ₹6,597 Cr (+205.1% year on year); the operating margin was 48.1%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹21,393	+46.0%	+11.9%
Operating profit	₹10,299	+134.8%	+23.3%
Net profit	₹6,597	+205.1%	+33.1%
EPS (₹)	14.39	-100.0%	-100.0%
Operating margin	48.1%	—	—

Full quarterly financials → Results calendar →

VAML delivery percentage

NSE end-of-day data for Fri, 16 Oct 2026

On Fri, 16 Oct 2026, 55.3% of the VAML shares traded on NSE were taken to delivery, against the stock's own 20-session average of 60.62%. That is close to its usual level.

55.3%Delivery, 16 Oct

60.62%Own 20-session average

0.7×Volume vs its average

₹371.85NSE close · +3.42%

Delivery in the last 5 sessions: 48.0% · 59.5% · 57.9% · 65.7% · 55.3%

Delivery across the market →

A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed

📢 Recent Corporate Announcements

Q2 FY27 Aluminium Output Up 5% to 649 KT; Alumina Surges 37% to 895 KT

🟢 POSITIVE ⭐ 7/10

EXPANSION 📅 03 Oct 2026, 05:24 PM

Vedanta Aluminium Metal Limited reported record quarterly production across segments for Q2 FY27. Total aluminium production rose 5% YoY to 649 KT, supported by a 19% YoY jump at BALCO to 178 KT. Alumina production surged 37% YoY to 895 KT following the ramp-up of its expansion circuit, while value-added products rose 31% YoY to 432 KT. Additionally, BALCO commissioned the second zone of its 525 kA smelter potline, reaching 50% of its planned 435 KTPA expansion, and secured the Consent to Operate (CTO) for the Sijimali Bauxite Block.

Q2 FY27 aluminium production hit a record 649 KT, up 5% YoY and 3% QoQ (1H FY27 up 5% YoY at 1281 KT)
BALCO aluminium output grew 19% YoY to 178 KT, with trial/new smelter output contributing 27 KT in Q2
Alumina output jumped 37% YoY to 895 KT (up 8% QoQ), while 1H FY27 alumina reached 1721 KT (up 39% YoY)
Value-added products climbed 31% YoY to 432 KT, driven by automotive and downstream demand
BALCO reached 50% operational capacity of its planned 435 KTPA smelter expansion; CTO received for Sijimali Bauxite Block

💡 Track the upcoming Q2 FY27 financial results to see how higher volumes translate into revenue and EBITDA, along with progress on the remaining 50% ramp-up of BALCO's 435 KTPA smelter expansion.

Orissa HC Dismisses VAML Writ Petition on Bauxite Linkage Policy

🔵 WATCH ⭐ 6/10

LEGAL 📅 01 Oct 2026, 09:20 PM

Vedanta Aluminium Metal Limited announced that the Hon'ble High Court of Orissa dismissed its writ petition challenging the state's bauxite linkage policy on October 01, 2026. The writ petition sought relief regarding bauxite supply linkages, which are crucial for raw material security in aluminium production. The company reported quarterly revenues of Rs 21,393.0 crore and net profit of Rs 6,597.0 crore for the June 2026 quarter. VAML stated that it is currently reviewing the judgment and evaluating subsequent legal options, such as an appeal before the Supreme Court.

Orissa High Court dismissed the writ petition on October 01, 2026
Petition challenged provisions regarding the bauxite linkage policy
High Court order was uploaded on the court portal at around 02:00 pm IST on October 01, 2026
Company generated Rs 21,393.0 cr in revenue and Rs 6,597.0 cr in net profit in Jun 2026 quarter

💡 Watch for potential appellate filings by VAML before the Supreme Court of India and management commentary on bauxite procurement costs and supply continuity.

VAML Shareholders Approve All 11 Postal Ballot Resolutions Including ESOP 2026 and RPTs

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 01 Oct 2026, 05:33 PM

Vedanta Aluminium Metal Limited (VAML) announced that all 11 resolutions presented in its Postal Ballot notice dated August 27, 2026, have been approved by shareholders with requisite majority. The voting ended on September 30, 2026, covering 2,152,251 shareholders on the record date of August 28, 2026. Approved agendas include the appointment of M/s. S R B C & CO LLP as statutory auditors (99.91% in favour), implementation of ESOP 2026 and ESPP 2026 via Trust route, and material related party transactions for VAML and subsidiary BALCO (each approved by 99.95% of polled votes). Notably, 27.30% of public institutional votes opposed the initial ESOP approval resolution.

All 11 resolutions approved; voting closed on September 30, 2026
Statutory auditor appointment of M/s. S R B C & CO LLP passed with 99.91% majority
Material Related Party Transactions for VAML and BALCO approved with 99.95% votes in favour
ESOP 2026 scheme passed with 92.68% overall votes, though 27.30% of institutional votes opposed it
Total shareholder count on record date (August 28, 2026) was 2,152,251

💡 Track subsequent disclosures on the scale and financial impact of the approved related party transactions, as well as the implementation timeline of the ESOP/ESPP schemes.

ICRA Reaffirms Vedanta Aluminium's Credit Rating at 'ICRA AA+/Stable'

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 30 Sep 2026, 06:11 PM

Vedanta Aluminium Metal Limited has received a credit rating reaffirmation from ICRA Limited on September 30, 2026. ICRA retained the company's rating at 'ICRA AA+' with a 'Stable' outlook, identical to its previous rating. The reaffirmation indicates a continued high degree of safety regarding timely servicing of financial obligations. With Jun 2026 quarterly revenue at Rs 21,393.0 cr and net profit at Rs 6,597.0 cr, the reaffirmation reflects steady credit health.

Rating agency ICRA reaffirmed the credit rating at 'ICRA AA+/Stable' on September 30, 2026
Previous rating was also 'ICRA AA+/Stable', indicating no change in credit profile
Company posted quarterly revenue of Rs 21,393.0 cr and net profit of Rs 6,597.0 cr in Jun 2026

💡 Track the detailed ICRA rating rationale link for underlying debt metrics and upcoming quarterly operational performance.

CRISIL Reaffirms Vedanta Aluminium Metal's Credit Ratings at AA+/Stable and A1+

🟡 NEUTRAL ⭐ 4/10

ROUTINE 📅 30 Sep 2026, 04:31 PM

Vedanta Aluminium Metal Limited announced that credit rating agency CRISIL has reaffirmed its ratings on September 30, 2026. Long-term instruments were reaffirmed at CRISIL AA+ with a Stable outlook, while short-term ratings were reaffirmed at CRISIL A1+. In the most recent reported quarter ended June 2026, the company recorded revenue of Rs 21,393.0 crore and net profit of Rs 6,597.0 crore. The affirmation reflects continued creditworthiness and debt servicing capability without any rating upgrades or downgrades.

CRISIL reaffirmed long-term credit rating at CRISIL AA+/Stable on September 30, 2026
Short-term credit rating reaffirmed at CRISIL A1+
Company posted Rs 21,393.0 cr revenue and Rs 6,597.0 cr PAT in the June 2026 quarter

💡 Track the upcoming quarterly financial results and any management updates regarding overall debt levels and leverage ratios.

Vedanta Aluminium Issues Postal Ballot Notice for ESOP, RPTs, and Auditor Appointment

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 31 Aug 2026, 05:49 PM

Vedanta Aluminium Metal Limited (VAML) has issued a Postal Ballot notice seeking shareholder approval across 11 resolutions via remote e-voting. Key agenda items include the appointment of M/s. S R B C & CO LLP as Statutory Auditors to fill a casual vacancy for FY ending March 31, 2027, the rollout of ESOP 2026 and ESPP 2026 schemes via trust routes, and approvals for material related-party transactions for VAML and subsidiary Bharat Aluminium CO Ltd (BALCO). The e-voting window runs from September 1, 2026, to September 30, 2026, with a cut-off date of August 28, 2026.

Seeking shareholder approval for 11 resolutions through remote e-voting.
Proposed appointment of M/s. S R B C & CO LLP as Statutory Auditors for FY27.
Approval sought for ESOP 2026 and ESPP 2026 implementations and secondary market funding via Trust.
E-voting starts on September 01, 2026 (09:00 AM IST) and ends on September 30, 2026 (05:00 PM IST) based on August 28, 2026 cut-off date.

💡 Eligible shareholders may review the related-party transaction details and cast their votes before September 30, 2026. Track voting outcome disclosures in early October 2026.

VAML Schedules Investor Conference Participation on September 01, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 27 Aug 2026, 05:54 PM

Vedanta Aluminium Metal Limited has informed the exchanges that it will participate in the 'Ashwamedh - Elara India Dialogue 2026' investor conference on September 01, 2026. The event will involve in-person one-to-one and group meetings with institutional investors in Mumbai. The company noted that the investor presentation is accessible on its website. No price-sensitive or financial disclosures were made in this administrative filing.

Conference scheduled for September 01, 2026 in Mumbai
Participation in Ashwamedh - Elara India Dialogue 2026
Format includes in-person one-to-one and group investor meetings
Filing made pursuant to SEBI Listing Regulations Regulation 30

💡 Monitor any updated investor presentations or transcript disclosures on the company's website post-conference for operational commentary.

Vedanta Aluminium Launches 2 Automotive Alloys; Targets 90% Value-Added Product Share

🟢 POSITIVE ⭐ 4/10

OTHER 📅 20 Aug 2026, 05:03 PM

Vedanta Aluminium Metal Limited (VAML) launched two advanced offerings under its Primary Foundry Alloy (PFA) range—Copper-Doped Alloy and Vedanta Foundry Alloy (developed with IIT Delhi)—at its AutoEdge 2026 conclave. The company is India's largest PFA producer with an existing capacity of 380 KTPA and is expanding its primary billet capacity to 1.25 MTPA at BALCO. VAML reiterated its strategic objective to increase the share of value-added products in its portfolio to 90%.

Launched two advanced automotive alloys: Copper-Doped Alloy and IIT Delhi-partnered Vedanta Foundry Alloy (VFA)
Currently operates 380 KTPA of Primary Foundry Alloy (PFA) capacity in India
Targeting 1.25 MTPA primary billet capacity upon completion of ongoing BALCO expansion in Korba
Aiming to expand the share of high-margin value-added products in total portfolio to 90%
Exports and domestic distribution supported across 60+ countries and through the Vedanta Metal Bazaar platform

💡 Track the commercial adoption and volume ramp-up of these new value-added automotive alloys in upcoming quarterly operational updates.

IND AA+ Rating Assigned; Long-term Rating Upgraded from IND AA- with Stable Outlook

🟢 POSITIVE ⭐ 9/10

REGULATORY 📅 13 Aug 2026, 08:05 PM

India Ratings and Research has upgraded Vedanta Aluminium Metal Limited's (VAML) long-term credit rating to 'IND AA+' from 'IND AA-'. The agency has also removed the 'Rating Watch with Developing Implications' and assigned a 'Stable' outlook. This two-notch upgrade applies to the company's Non-Convertible Debentures and overall long-term credit profile, signaling a significant improvement in creditworthiness. The rating action was published on August 13, 2026.

Long-term credit rating upgraded by two notches to 'IND AA+' from 'IND AA-'
Outlook revised to 'Stable' from 'Rating Watch with Developing Implications'
Rating action published by India Ratings and Research on August 13, 2026, at 07:23 PM IST
The 'IND AA+' rating specifically assigned to the company's Non-Convertible Debentures (NCDs)

💡 Investors should monitor the impact on the company's finance costs in future quarterly results and the pricing of any new debt issuances.

2 Institutional Investor Meets Scheduled by VAML for August 12 and August 17, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 07 Aug 2026, 05:05 PM

Vedanta Aluminium Metal Limited (VAML) has announced its participation in two upcoming institutional investor conferences in Mumbai. The first meeting is the Emkay Confluence 2026, scheduled for August 12, 2026. This will be followed by the Motilal Oswal 22nd Annual Global Investor Conference on August 17, 2026. Both events are designated as in-person group meetings. The company has directed investors to its website for the latest presentations to be used during these sessions.

August 12, 2026: Date for Emkay Confluence 2026 group meeting in Mumbai.
August 17, 2026: Date for Motilal Oswal 22nd Annual Global Investor Conference.
2: Total number of institutional conferences the company is attending in August.

💡 Watch for the release of the investor presentation on the company's website to identify any specific capacity expansion targets or margin guidance.

VAML schedules institutional investor meetings for August 12 and August 17, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 07 Aug 2026, 05:04 PM

Vedanta Aluminium Metal Limited (VAML) has announced its participation in two major investor conferences in Mumbai. The company will attend the Emkay Confluence on August 12, 2026, and the Motilal Oswal 22nd Annual Global Investor Conference on August 17, 2026. Both events are scheduled as in-person group meetings. These interactions are standard procedures for listed entities to engage with institutional investors and discuss business outlooks.

First meeting scheduled for August 12, 2026, at the Emkay Confluence in Mumbai
Second meeting scheduled for August 17, 2026, at the Motilal Oswal 22nd Annual Global Investor Conference
Both events are designated as in-person group meetings with institutional investors
Company has directed investors to its website for the latest investor presentations

💡 Review the latest investor presentation on the company's website to understand VAML's strategic priorities and operational performance ahead of these meetings.

248 Million Tonnes Bauxite Block: VAML (via BALCO) Declared Preferred Bidder in Odisha

🟢 POSITIVE ⭐ 8/10

EXPANSION 📅 07 Aug 2026, 04:58 PM

Vedanta Aluminium Metal Limited (VAML), through its subsidiary Bharat Aluminium Company Limited (BALCO), has been declared the 'Preferred Bidder' for the Karlapat Bauxite Block in Odisha. The block is significant in size, covering 1,822.61 hectares with estimated mineral reserves of approximately 248 million tonnes. This win follows a competitive e-auction process initiated by the Government of Odisha in May 2026. The acquisition is a strategic backward integration move aimed at securing long-term raw material supply for the company's aluminium operations.

Estimated mineral reserves of approximately 248 Million Tonnes in the Karlapat Bauxite Block.
Total area of the mining block spans 1,822.61 hectares.
The block is currently at the G2 level of exploration.
Auction process was initiated by the Government of Odisha on May 29, 2026.
BALCO (subsidiary) received the official notification of preferred bidder status on August 07, 2026.

💡 Investors should monitor the timeline for the formal grant of the Mining Lease and the subsequent environmental and forest clearances required before mining operations can commence.

₹13,500 Cr Fundraise Rumour: VAML Issues Clarification to Exchanges

🟡 NEUTRAL ⭐ 4/10

REGULATORY 📅 06 Aug 2026, 04:42 PM

Vedanta Aluminium Metal Limited (VAML) has responded to an exchange query regarding a news report claiming a ₹13,500 crore fundraise from Axis, HDFC, and ICICI Bank post-demerger. The company stated it continuously evaluates financing and fundraising opportunities in the ordinary course of business but has no material information or Unpublished Price Sensitive Information (UPSI) to disclose at this time. While the company did not explicitly deny the discussions, it emphasized that all material events are disclosed as per SEBI regulations. This clarification follows media speculation about the capital structure of the aluminium business following its demerger from Vedanta Limited.

Exchange sought clarification on a news report regarding a ₹13,500 crore fundraise
Reported lenders include Axis Bank, HDFC Bank, and ICICI Bank
Company confirms no Unpublished Price Sensitive Information (UPSI) is currently pending disclosure
Clarification issued on August 06, 2026, following a Moneycontrol news item
Company maintains it evaluates financing opportunities in the ordinary course of business

💡 Investors should wait for formal regulatory filings regarding board approval for debt syndication or fundraise, as the current news remains unconfirmed by the company.

VAML Releases Q1 FY27 Earnings Conference Call Transcript

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 04 Aug 2026, 06:39 PM

Vedanta Aluminium Metal Limited (VAML) has released the official transcript of its earnings conference call for the first quarter ended June 30, 2026. This filing provides a verbatim record of management's discussion regarding the company's consolidated and standalone financial performance. The transcript is a follow-up to the results announced on July 30, 2026, and is a standard regulatory requirement under SEBI LODR. Investors can access the full text on the company's website for detailed management commentary.

Transcript released for the first quarter ended June 30, 2026
Filing submitted to exchanges on August 04, 2026
Follows the initial results intimation dated July 30, 2026
Complies with SEBI Regulation 46(2)(oa) regarding disclosure of call transcripts

💡 Investors should review the transcript on the company's website to understand management's perspective on aluminium market trends and operational costs for the upcoming quarters.

VAML updates CIN to L24202MH2023PLC411663 following stock exchange listing

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 01 Aug 2026, 05:04 PM

Vedanta Aluminium Metal Limited (VAML) has officially updated its Corporate Identification Number (CIN) to reflect its transition from an unlisted to a listed entity. This change follows the listing of the company's equity shares on June 15, 2026. The Ministry of Corporate Affairs (MCA) portal now reflects the company's status as 'Listed'. As of the filing, the company reports a paid-up capital of Rs 391.07 crore and an authorised capital of Rs 7,412.01 crore.

CIN changed from U24202MH2023PLC411663 to L24202MH2023PLC411663 to reflect listed status
Equity shares were listed on stock exchanges effective June 15, 2026
Paid-up capital stands at Rs 3,91,06,86,689 as per MCA records
Authorised capital is maintained at Rs 74,12,01,00,000
Company status on MCA portal updated from 'Unlisted' to 'Listed'

💡 This is a routine administrative update following the company's listing. Investors should monitor upcoming quarterly financial results for operational performance insights.

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