VISL H1FY27 EBITDA Surges 54% to ₹598 Cr, Revenue Up 8% to ₹6,450 Cr; CRISIL Assigns AA/Stable Rating
Vedanta Iron and Steel Limited (VISL) reported a 54% surge in H1FY27 EBITDA to ₹598 crore and an 8% rise in revenue to ₹6,450 crore. The company's loss after tax narrowed to ₹203 crore from ₹622 crore in H1FY26. CRISIL assigned VISL an AA/Stable credit rating. Steel production increased by 4% to 1.114 million tonnes.
The positive financial results, improved EBITDA margins, and a strong credit rating are material developments that are likely to have a significant impact on investor sentiment and the company's valuation.
The company reported a significant year-on-year improvement in EBITDA and revenue, a substantial reduction in net loss, and received a positive credit rating, indicating strong financial and operational performance.
Vedanta Iron and Steel Limited (VISL) reported a strong year-on-year improvement in operating earnings for the first half of FY27.
EBITDA increased by 54% to ₹598 crore, and revenue rose by 8% to ₹6,450 crore. The EBITDA margin expanded by 275 basis points to 9%, reflecting improved operating performance. The company reported a loss after tax of ₹203 crore for H1FY27, a significant reduction from the ₹622 crore loss in H1FY26. This performance is attributed to improved operating earnings and financial discipline.
Steel production grew by 4% year-on-year to 1.114 million tonnes in H1FY27, with a record half-yearly Pig Iron production of 568 kt. Iron ore production stood at 4.2 million tonnes. For Q2FY27, EBITDA increased by 56% year-on-year to ₹83 crore, with an EBITDA margin of 3%. Revenue from operations was ₹2,788 crore, and the loss after tax was ₹324 crore.
CRISIL assigned VISL an AA/Stable credit rating during Q2FY27 and H1FY27. The company's priorities include prudent liquidity management, disciplined capital allocation, robust financial controls, and adherence to governance standards.
Mr. Pankaj Kumar Sharma, CEO, VISL, highlighted the stronger operating performance in H1 FY27, supported by improved steel realisations and higher steel volumes. Mr. Navin Jaju, CFO, VISL, noted the substantial increase in EBITDA and improved profitability, emphasizing a focus on disciplined capital allocation and cash generation.
In ESG initiatives, VISL secured 21 MW of solar power at ESL Bokaro, with a potential annual emission reduction of approximately 50,000 tCO₂. The company also received several awards, including the Gold Export Excellence Award and the Hindalco –Aditya Birla Award for Sustainable Mining.
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