Vedanta Aluminium Profit Skyrockets 3x

Vedanta Aluminium Metal announced a significant achievement in Q1 FY27, with its net profit soaring to Rs 5,629 crore, a threefold increase compared to the previous year. This performance was bolstered by a 46% year-on-year surge in revenue from operations, reaching Rs 21,393 crore. The company also declared its first interim dividend of Rs 8 per share for FY27, setting August 5 as the record date for shareholder eligibility.

Global brokerages have reiterated their positive outlook on Vedanta Aluminium Metal shares. CLSA, Citi, Nuvama, and Emkay all maintain 'Buy' or 'Outperform' ratings, with target prices suggesting an upside potential of up to 20%. These projections are underpinned by the company's ongoing cost-saving initiatives, including mine commissioning and capacity expansions, which are expected to further enhance its profitability.