Vedanta Iron Narrows Loss Amidst Revenue Dip

Vedanta Iron and Steel Limited (VISL) announced a reduction in its Q2 FY27 net loss to Rs 324 crore, a significant improvement from the Rs 477 crore loss reported in the same period last fiscal year. This quarter, revenue from operations experienced a marginal decline of 1.7%, totaling Rs 2,742 crore compared to Rs 2,790 crore in Q2 FY26.

Operationally, the company demonstrated stronger performance with a 56% year-on-year increase in EBITDA, reaching Rs 83 crore from Rs 54 crore. This growth was attributed to enhanced steel realisations and successful efficiency initiatives, including a 60% reduction in finance costs.

VISL also recorded its highest-ever half-yearly pig iron production, hitting 568 kilotonnes (KT), a 4% rise year-on-year. Environmental, social, and governance (ESG) efforts were prominent, with improved safety metrics and CSR programs impacting over 57,000 beneficiaries across numerous villages.

Management highlighted India's growing infrastructure and manufacturing sectors as long-term opportunities. The company remains focused on operational excellence, cost management, and sustainable value creation. Vedanta Iron shares saw a 5% increase on the NSE, closing at Rs 27.95.