Vedanta Aluminium Metal Limited (VAML) shares hit a day high of Rs 364.70 on 29 October after Q2 profit jumped 105% to Rs 6,187 crore.

The company filed its July to September results with the exchanges on 28 October.

Profit after tax was more than double the figure from a year ago. Sales grew too.

Revenue rose 41% to Rs 22,066 crore, helped by higher volumes and a better mix of products.

Operating profit (EBITDA) climbed 83% to Rs 10,192 crore. Put simply, the company kept about Rs 46 from every Rs 100 of sales, against Rs 36 a year earlier.

Plants ran harder. Aluminium output hit a record 649 KT, up by 5%.

Alumina, the raw material refined from bauxite ore, reached a quarterly high of 895 KT, up 37%.

Value-added products rose 31% to a record 432 KT. Debt came down as well.

Net debt fell by Rs 3,090 crore from the June quarter to Rs 26,442 crore. India Ratings also upgraded the company to AA+ (Stable).

The firm also started running the second zone of the 435 KTPA BALCO expansion and obtained Consent to Operate for the Sijimali bauxite block.

In the June quarter, the company had posted a profit after tax of Rs 6,597 crore, so Q2 profit is a little lower than that.

It had also declared an interim dividend of Rs 8 per share, with 5 August as the record date.

For the first half of FY27, revenue rose 43% to Rs 43,171 crore, while profit after tax reached Rs 12,784 crore.

At 9:47 am, the stock was trading at Rs 353.25 on the NSE after opening at Rs 364.10, which puts it down by Rs 5.95 or 1.66% from the previous close of Rs 359.20.

It’s just 10 paise above the day’s low of Rs 353.15. NSE data shows the shares have lost 18.69% over the past month.

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