VISL Q1 FY27: Revenue surges 18% to ₹3,662 Cr, PAT turns positive at ₹121 Cr
Vedanta Iron And Steel Limited (VISL) reported a strong Q1 FY27 with revenue up 18% YoY to ₹3,662 crore and EBITDA up 54% YoY to ₹515 crore. The company achieved a PAT of ₹121 crore, a significant turnaround from a loss of ₹145 crore last year. Operational highlights include record pig iron production and increased steel and iron ore output.
The strong financial results, including a significant increase in revenue and profitability, along with record operational performance, are expected to have a material positive impact on the company's stock and investor confidence.
The company reported significant year-on-year growth in revenue and EBITDA, a substantial improvement in profit after tax from a loss to a profit, and record operational achievements. These factors indicate a strong positive performance.
Vedanta Iron And Steel Limited (VISL) announced its consolidated financial results for the first quarter ended June 30, 2026, reporting a robust performance.
The company's revenue from operations stood at ₹3,662 crore, marking an 18% year-on-year increase, driven by higher volumes and improved steel and iron ore prices. EBITDA saw a significant jump of 54% year-on-year to ₹515 crore, with the EBITDA margin improving by 322 basis points to 14%. This improvement was primarily attributed to enhanced operational efficiencies across its two steel plants and better product realisations.
A notable turnaround was observed in the Profit After Tax (PAT), which turned positive at ₹121 crore for the quarter, compared to a net loss of ₹145 crore in the corresponding quarter of the previous year. The finance cost also saw a substantial reduction of 55% year-on-year, from ₹461 crore to ₹207 crore, largely due to debt reduction.
Operationally, VISL recorded its highest-ever quarterly Pig Iron production at 291 kilotons (kt), an 8% increase year-on-year. Iron ore production increased by 4% year-on-year to 2.6 million dry metric tonnes (Mn DMT). Saleable steel production rose by 4% year-on-year and 2% quarter-on-quarter to 582 kt.
Pankaj Kumar Sharma, CEO & WTD, highlighted the resilient operational and financial performance despite a dynamic market, emphasizing continued focus on growth projects and cost competitiveness. Navin Jaju, CFO, pointed to healthy revenue and EBITDA growth, a strong liquidity position, and disciplined capital allocation for future expansion.
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