Refile: India's Vedanta Aluminium posts quarterly profit rise on elevated aluminium prices

Vedanta Aluminium Metal

30/07/2026 10:36

Corrects day to 'Thursday' from 'Friday' in first paragraph
July 30 (Reuters) - India's Vedanta Aluminium Metal VEDO.NS, the pure-play aluminium company formed after Vedanta's VDAN.NS demerger, reported a more than three-fold jump in first-quarter profit on Thursday, boosted by higher aluminium prices. 

Here are details from the company's earnings report:                
The company's consolidated net profit climbed to 56.29 billion rupees ($588.62 million) for the quarter ended June 30, its first as an independent company, from 17.81 billion rupees a year ago. 
Aluminium prices remained elevated in the April-June period due to Middle East supply disruptions, Chinese output constraints, and strong demand -- which boosted Vedanta Aluminium's topline. 
Spot aluminium prices rose 46% year-on-year in the June quarter, according to data from a Jefferies note.
The company's aluminium production increased 5% on-year to 632 kilo tons. 
Spot prices of alumina, or aluminium oxide, which is used in the production of aluminium and also as a catalyst in petrochemical refining and is one of the company's products, dropped about 6%. 
A 41% increase in production limited the impact of lower alumina prices on the company's earnings.    
Vedanta Aluminium's net profit margin more than doubled to 31% from 15%.
Total revenue from operations jumped 46% to 213.93 billion rupees. 
The firm's expenses rose 7.5% to 128.70 billion rupees, despite a near 5% drop in cost of materials consumed. 



($1 = 95.6300 Indian rupees)

 (Reporting by Anuran Sadhu in Bengaluru; Editing by Ronojoy Mazumdar)
 ((Anuran.Sadhu@thomsonreuters.com; +91 8697274436;))