VISL Q2 FY27: EBITDA Surges 56% to ₹83 Crore, Revenue Declines 2% YoY
Vedanta Iron and Steel Limited reported H1 FY27 EBITDA of ₹598 crore, up 54% YoY, with revenue at ₹6,450 crore, up 8% YoY. Q2 FY27 EBITDA rose 56% to ₹83 crore, though revenue fell 2% to ₹2,788 crore. The company reduced its H1 FY27 loss to ₹203 crore from ₹622 crore in H1 FY26. CRISIL assigned an AA/Stable credit rating.
The announcement includes key financial performance indicators (revenue, EBITDA, net profit/loss), EBITDA margin expansion, and a significant credit rating upgrade, all of which are material to investors and stakeholders.
The company reported significant year-on-year improvements in EBITDA and EBITDA margins for both the half-year and the quarter, along with a substantial reduction in net loss. The assignment of a stable credit rating further supports a positive sentiment.
Vedanta Iron and Steel Limited (VISL) announced its unaudited consolidated and standalone financial results for the second quarter and half year ended September 30, 2026. The company reported a significant year-on-year improvement in operating earnings for the first half of FY27, with EBITDA increasing by 54% to ₹598 crore and revenue by 8% to ₹6,450 crore. EBITDA margin expanded by 275 basis points to 9% in H1 FY27. The company reported a loss after tax of ₹203 crore for H1FY27, a substantial reduction from the ₹622 crore loss in H1FY26.
For the second quarter of FY27, EBITDA stood at ₹83 crore, a 56% increase year-on-year, while EBITDA margin improved by 112 basis points to 3%. Revenue from operations was ₹2,788 crore, a 2% decrease year-on-year. The company reported a loss after tax of ₹324 crore for Q2FY27, compared to a loss of ₹477 crore in Q2FY26. Quarterly performance was impacted by seasonal disruptions in iron ore production, planned plant shutdowns, and higher input and conversion costs.
CRISIL assigned VISL an AA/Stable credit rating during Q2FY27 and H1FY27. Mr. Pankaj Kumar Sharma, CEO, VISL, stated that the company delivered a stronger year-on-year operating performance in H1 FY27, supported by improved steel realisations and higher steel volumes. Mr. Navin Jaju, CFO, VISL, highlighted the material improvement in profitability compared to the corresponding period, with net debt to EBITDA reflecting a healthy balance sheet position. The company also secured 21 MW of solar power through open access at ESL Bokaro, with a potential annual emission reduction of approximately 50,000 tCO₂. The board meeting commenced at 03:51 p.m. IST and concluded at 04:13 p.m. IST on October 27, 2026.
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Vedanta Iron and Steel Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Vedanta Iron and Steel Limited. Read the original for the full detail.