Vedanta Aluminium Q1 Results: Stock jumps 3% from lows on strong operating performance

Shares of Vedanta Aluminium Metal Ltd. recovered as much as 3% from the lows of the day on Thursday, July 30, in response to the company's June quarter results, which were strong on a sequential basis.

This is the first quarter of Vedanta Aluminium reporting results as a standalone entity after demerging from the parent Vedanta Ltd.

Vedanta Aluminium's net profit for the quarter increased by 33.8% from the March quarter to ₹5,629 crore from ₹4,207 crore earlier.

Revenue for the quarter increased to ₹21,393 crore, a growth of 12% from the previous quarter.

Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) stood at ₹10,299 crore, an increase of 23.3% from the previous quarter figure's ₹8,352 crore, while EBITDA margin expanded by over 4 percentage points to 48.14% from 43.68% in March.

Vedanta Aluminium reported its highest-ever quarterly Aluminium production during the June quarter. Production increased by 5% from last year and 3% sequentially.

Production of Alumina increased by 41% from last year but was down 6% sequentially due to unplanned shutdowns that the unit had to undertake.

The production of Value-Added Products increased by 14% from last year and 4% sequentially.

Shares of Vedanta Aluminium Metal are trading 1.3% higher after the results announcement at ₹444.1.