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--Vedanta Iron & Steel Apr-Jun consol net profit INR 1.22 bln
--Vedanta Iron & Steel Apr-Jun consol revenue INR 36.62 bln
--Vedanta Iron & Steel Q1 consol PAT INR 1.22 bln vs loss INR 1.42 bln yr ago
--Vedanta Iron & Steel Q1 consol sales INR 36.62 bln vs INR 30.95 bln yr ago
--Vedanta Iron & Steel Q1 consol continuing ops PAT INR 1.11 bln
--Vedanta Iron Q1 consol continuing ops PAT INR 1.1 bln vs loss INR 1.7 bln

 

By Ayush Jaiswal

 

Informist, Wednesday, Jul. 29, 2026

 

MUMBAI – Vedanta Iron and Steel Ltd. Wednesday reported a net profit for the June quarter as compared to a loss in the year-ago quarter. The company's revenue from operations also posted robust growth in the quarter, driven by a strong growth in its steel segment.

The company's consolidated net profit for the June quarter was INR 1.22 billion, a turnaround from a loss of INR 1.42 billion reported in the year-ago quarter. The company's consolidated net profit from continuing operations was INR 1.1 billion as compared to a loss of INR 1.7 billion in the year-ago quarter.

 

The company's revenue from operations was up 18% on year to INR 36.62 billion from INR 30.95 billion in the year-ago quarter.

 

The company's total expenses were up 5% to INR 35.86 billion for the June quarter. The company's cost of material consumed, which contributes 51% of the total expenses, was up 12% to INR 18.31 billion. The company's other expenses were up 39% to INR 14.74 billion.

 

Vedanta Iron and Steel's revenue from its steel segment was up 17% on year to INR 28.39 billion for the June quarter. The company's revenue from the iron ore segment was up 16% on year to INR 11.90 billion for the June quarter.

 

The company's earnings before interest, tax, depreciation, and amortisation were up 54% on year to INR 5.15 billion mainly driven by improved operational efficiency across our two steel plants and better product realisations. The company's EBITDA margins expanded by 322 basis points to 14%.

 

The company's pig iron production was up 8% on year to 291 kilo tonnes, the highest-ever quarterly production. The company's production of iron ore and steel was up 4% on year each. 

 

"VISL (Vedanta Iron and Steel) delivered a resilient operational and financial performance in Q1 FY27 (June quarter) despite a dynamic market environment," Pankaj Kumar Sharma, chief executive officer, was quoted as saying in the company's press release. Higher iron ore production, record quarterly pig iron output, operational efficiencies across our steel businesses and continued focus on value-added products supported strong margin improvement," he added.

 

Vedanta Iron and Steel's capital expenditure was INR 810 million for the June quarter. The company's total net debt fell to INR 27.33 billion for the June quarter from INR 122.96 billion in the March quarter.

 

Wednesday, shares of the company closed 4.3% higher at INR 30.78 apiece on the National Stock Exchange.  End

 

Edited by Deepshikha Bhardwaj

 

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