| Textual Information(1) |
Notes: 1. The above consolidated financial results of Vedanta Aluminium Metal Limited (the Company) and its subsidiary (collectively referred to as the Group) for the quarter ended 30 June 2026 have been reviewed by the Audit and Risk Management Committee and approved by the Board of Directors at their respective meetings held on 30 July 2026. The statutory auditors of the Group have carried out a limited review of the aforesaid consolidated financial results in accordance with the applicable requirements and have issued an unmodified conclusion thereon. 2. These consolidated financial results have been prepared in accordance with the Indian Accounting Standards (Ind AS) prescribed under Section 133 of the Companies Act, 2013, read with the Companies (Indian Accounting Standards) Rules, 2015, as amended. 3. The Hon'ble National Company Law Tribunal, Mumbai Bench, vide its Order dated 16 December 2025, approved the Scheme of Arrangement inter-alia amongst Vedanta Limited, the Company and their respective shareholders and creditors under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013 (Scheme), providing for the demerger of the Aluminium division of Vedanta Limited (Demerged Undertaking) into the Company on a going concern basis. The Scheme became effective on 1 May 2026 (effective date), which is also the Appointed Date of the Scheme. Consequent to the scheme becoming effective, the Aluminium division of Vedanta Limited was transferred to and vested in the Company and has been accounted for in accordance with the accounting treatment prescribed under the Scheme and the applicable provisions of Ind AS. The assets, liabilities, cash flow hedge reserve and share based payment reserve pertaining to the Demerged Undertaking have been recognised in the books of the Company with effect from the effective date. Pursuant to the Scheme, the Company issued 1 equity share of face value of Rs.1 each, fully paid-up, for every 1 equity share of face value of Rs.1 each, fully paid-up, held by the shareholders of Vedanta Limited as on the Record Date of 1 May 2026 (Share Entitlement Ratio). Accordingly, on 4 May 2026, the Company approved allotment of 391,03,88,057 equity shares of face value of Rs.1 each to the eligible shareholders of Vedanta Limited in accordance with the Share Entitlement Ratio and the Company ceased to be a subsidiary of Vedanta Limited. In terms of the provisions of the Scheme, credit balance remaining in the capital reserve of the Company on the Effective Date has been transferred to the Securities Premium of the Company. Further, pursuant to the applicable regulatory approvals, the equity shares of the Company were listed and admitted to trading on BSE Limited and the National Stock Exchange of India Limited on 15 June 2026. Also, the Company is in the process of obtaining regulatory approvals relating to the transfer and/or change of name of certain mining and other assets transferred pursuant to the Scheme. The figures for the comparative periods have been presented as if the Scheme has become effective from 1 April 2025, in accordance with the accounting treatment prescribed under the Scheme and the applicable provisions of Ind AS. Accordingly, the comparative financial results and other financial information of the Group includes unaudited interim financial results and other financial information of Aluminium Undertaking transferred to the Group pursuant to the Scheme of demerger, for the quarter ended 30 June 2025, for the quarter ended 31 March 2026 and for the year ended 31 March 2026 as extracted from the books of account underlying the financial results of Vedanta Limited (the Demerged company) for those respective periods, which were subjected to limited review / audit by the auditors of Vedanta Limited to give impact of Scheme. 4. Finance costs have been allocated between the business divisions of Vedanta Limited based on actual debt allocation as on 30th April 2026. Accordingly, finance costs for the comparative quarter ended 30 June 2025 and 31 March 2026, and for the year ended 31 March 2026, have been presented based on the aforesaid debt allocation. 5. Earnings per share (basic and diluted) has been computed after giving effect to the equity shares issued pursuant to the Scheme, as if such shares had been issued at the beginning of the earliest period presented (Refer note 3 above). 6. The Group is primarily engaged in the business of Aluminium and operates in a single reportable segment. Accordingly, the Group has only one operating segment in terms of Ind AS 108 – Operating Segments, and no separate segment information is required to be disclosed. 7. Exceptional items (net of tax): (Rs. in Crore) Particulars (Unaudited) (Refer Note 3) Quarter ended 30.06.2026 (Unaudited) (Refer Note 3) Quarter ended 31.03.2026 (Unaudited) (Refer Note 3) Quarter ended 30.05.2026 (Unaudited) (Refer Note 3) Year ended 31.03.2026 Capital work-in-progress (CWIP) written off a - (349) - (349) Statutory impact of new Labour Codes - - - (44) Exceptional items - (349) - (393) Current tax benefit on above - 88 - 99 Exceptional items (net of tax) - (261) - (294) Less: Non-controlling interests on above - - - (1) Exceptional items, net of tax and non-controlling interests - (261) - (293) a) Represents certain items of capital work-in-progress (CWIP) that were written off during the quarter ended 31 March 2026, as these assets were no longer expected to be utilised by the Group. 8. The Company entered into a Share Purchase Agreement dated 30 April 2026 with Vedanta Limited (VEDL) to acquire a 51% equity stake in Bharat Aluminium Company Limited (BALCO) from VEDL for a consideration of Rs.22,180 crore, discharged through the issuance of 22,18,00,000 (Twenty-Two Crore Eighteen Lakh) 0.1% Compulsorily Convertible Debentures of face value Rs.1,000 each. Consequently, BALCO, which was previously a subsidiary of VEDL, became a subsidiary of the Company with effect from 30 April 2026. The remaining 49% equity stake in BALCO continues to be held by the Government of India. As the aforesaid transaction represents a business combination involving entities under common control, it has been accounted for in accordance with Appendix C, Business Combinations of Entities under Common Control, to Ind AS 103, Business Combinations, using the pooling of interests method. Accordingly, the consolidated financial results for the quarter ended 30 June 2026, quarter ended 31 March 2026, quarter ended 30 June 2025 and year ended 31 March 2026 have been re-presented / re-computed to include the financial information of BALCO as if the acquisition had occurred from 1 April 2025, being the beginning of the earliest period presented. 9. 'Additional disclosures of financial ratios: Particulars Quarter ended Year ended (Unaudited) (Refer Note 3) Quarter ended 30.06.2026 (Unaudited) (Refer Note 3) Quarter ended 31.03.2026 (Unaudited) (Refer Note 3) Quarter ended 30.06.2025 (Unaudited) (Refer Note 3) Year ended 31.03.2026 Debt-Equity Ratio (in times)# 1.17 1.72 2.21 1,72 Debt Service Coverage Ratio (in times)* 1.33 1.87 1.58 1.66 Interest Service Coverage Ratio (in times)* 10.49 9.20 4.48 6.53 Current Ratio (in times) 1.18 0.85 0.77 0.85 Long term debt to working capital Ratio (in times) 11.07 ** ** ** Bad debts to Account receivable Ratio (in times)* - - - - Current liability Ratio (in times) 0.28 0.29 0.27 0.29 Total debts to total assets Ratio (in times) 0.39 0.44 0.45 0.44 Debtors Turnover Ratio (in times)* 7.98 8.23 11.55 34.69 Inventory Turnover Ratio (in times)* 1.44 1.53 1.65 6.43 Operating-Profit Margin (%)* 45% 40% 26% 34% Net-Profit Margin (%)*31% 27% 15% 22% Capital Redemption Reserve (Rs. in Crore)- - - - Net Worth (Total Equity) (Rs. in Crore)# 30,441 21,852 16,329 21,852 * Not annualised, except for the year ended 31 March 2026. ** Net working capital is negative Formulae for computation of ratios are as follows: Debt-Equity Ratio Total Debt / Total Equity Debt Service Coverage Ratio Income available for debt service / (interest expense + repayments made during the period for long term loans), where income available for debt service = Profit before exceptional items and tax + Depreciation, depletion and amortization expense + Interest expense Interest Service Coverage Ratio Income available for debt service / interest expense Current Ratio Current Assets / Current Liabilities (excluding current maturities of long term borrowing) Long term debt to working capital Ratio Non-current borrowing (including current maturities of long term borrowing) / Working capital (WC), where WC = Current Assets - Current Liabilities (excluding current maturities of long term borrowing) Bad debts to Account receivable Ratio Bad Debts written off / Average Trade Receivables Current liability Ratio Current Liabilities (excluding current maturities of long term borrowing) / Total Liabilities Total debts to total assets Ratio Total Debt/ Total Assets Debtors Turnover Ratio Total revenue from operations / Average Trade Receivables Inventory Turnover Ratio (Total revenue from operations less EBITDA) / Average Inventory Operating-Profit Margin (%) (EBITDA - Depreciation, depletion and amortization expense) / Total revenue from operations Net-Profit Margin (%) Net profit after tax before exceptional items (net of tax) / Total revenue from operations Capital Redemption Reserve includes Preference Share Redemption Reserve created on redemption of preference shares. 10. As at 30 June 2026, the Group had Listed Non-Convertible Debentures (NCDs) outstanding with a carrying amount of Rs.8,689 crore, of which Rs.6,089 crore comprised listed secured NCDs. These listed secured NCDs are secured by way of a first pari passu mortgage/charge over certain movable fixed assets and freehold land of the Group. The Group has maintained an asset cover exceeding 125% against the face value of the listed secured NCDs of Rs.6,089 crore, in compliance with the applicable regulatory requirements. Pursuant to the requisite regulatory approvals, the Group's non-convertible debentures were transferred from Vedanta Limited to the Group on 1 May 2026 (listed under the Group on 15 June 2026). 11. EBITDA has been presented as a supplementary measure to enhance the understanding of the Group’s underlying operating performance. It is calculated from profit before exceptional items and tax, after excluding other non-operating income/expense and adding back finance costs / income, depreciation and amortisation. 12. During the quarter ended 30 June 2026, the Board of Directors of the Company, at its meeting held on 30 July 2026, approved the first interim dividend of Rs.8 per equity share of face value Rs.1 each for the financial year 2026-27. By Order of the Board Rajesh Kumar Whole-Time Director & CEO Place: Jharsuguda Date: 30 July 2026 |