Vedanta Iron and Steel Share Price

<h3><span style="font-size:16px;"><strong>Iron & Steel Products company Vedanta Iron and Steel announced Q2FY27 results</strong></span><br /> <strong data-complete="true" data-sfc-cp="" data-sfc-root="c" jsaction="" jscontroller="tP2kf#s32ZS" jsuid="LtmSbc_1b"><!--TgQPHd|||[]--></strong><!--TgQPHd|||[[2,[null,null,null,null,null,null,null,null,null,null,null,null,[351768,null,0]],[],null,1]]--></h3> <p><!--TgQPHd|||[]--></p> <p><strong data-complete="true" data-sfc-cp="" data-sfc-root="c" jsaction="" jscontroller="tP2kf#s32ZS" jsuid="LtmSbc_1f">Standalone Financial Highlights:<!--TgQPHd|||[]--></strong><!--TgQPHd|||[]--></p> <ul data-complete="true" data-hveid="CAAIChAA" data-processed="true" data-sfc-cp="" data-sfc-root="c" jsaction="" jscontroller="wiLEJc#NS0kde" jsuid="LtmSbc_1l"> <li data-complete="true" data-hveid="CAAIChAB" data-sae="" data-sfc-cp="" data-sfc-root="c" jsaction="" jscontroller="oSLmPe#HokZ0d" jsuid="LtmSbc_1m"><strong data-complete="true" data-sfc-cp="" data-sfc-root="c" jsaction="" jscontroller="tP2kf#s32ZS" jsuid="LtmSbc_1o">Revenue from Operations:<!--TgQPHd|||[]--></strong> Standalone revenue from operations for Q2FY27 stood at Rs 1,069 crore<!--TgQPHd|||[]-->, down 29.30% QoQ from Rs 1,512 crore in Q1FY27 and down 24.77% YoY from Rs 1,421 crore in Q2FY26. For H1FY27, revenue from operations was recorded at Rs 2,581 crore, down 5.32% YoY from Rs 2,726 crore in H1FY26.<!--TgQPHd|||[]--><!--TgQPHd|||[]--></li> <li data-complete="true" data-hveid="CAAIChAB" data-sae="" data-sfc-cp="" data-sfc-root="c" jsaction="" jscontroller="oSLmPe#HokZ0d" jsuid="LtmSbc_1m"><strong data-complete="true" data-sfc-cp="" data-sfc-root="c" jsaction="" jscontroller="tP2kf#s32ZS" jsuid="LtmSbc_1x">Total Income:<!--TgQPHd|||[]--></strong> Standalone total income recorded during Q2FY27 was Rs 1,134 crore<!--TgQPHd|||[]-->, down 29.83% QoQ against Rs 1,616 crore in Q1FY27 and down 29.43% YoY compared to Rs 1,607 crore in Q2FY26. For H1FY27, standalone total income reached Rs 2,750 crore, decreasing 13.22% YoY from Rs 3,169 crore in H1FY26.<!--TgQPHd|||[]--><!--TgQPHd|||[]--></li> <li data-complete="true" data-hveid="CAAIChAB" data-sae="" data-sfc-cp="" data-sfc-root="c" jsaction="" jscontroller="oSLmPe#HokZ0d" jsuid="LtmSbc_1m"><strong data-complete="true" data-sfc-cp="" data-sfc-root="c" jsaction="" jscontroller="tP2kf#s32ZS" jsuid="LtmSbc_26">Profit Before Tax (PBT):<!--TgQPHd|||[]--></strong> Standalone PBT was recorded at a loss of Rs 0 crore<!--TgQPHd|||[]--> (less than Rs 0.50 crore) for Q2FY27, down 100.00% QoQ from a profit of Rs 244 crore in Q1FY27 and down 100.00% YoY from a profit of Rs 159 crore in Q2FY26. For H1FY27, standalone PBT fell 47.64% YoY to reach Rs 244 crore against Rs 466 crore in H1FY26.<!--TgQPHd|||[]--><!--TgQPHd|||[]--></li> <li data-complete="true" data-hveid="CAAIChAB" data-sae="" data-sfc-cp="" data-sfc-root="c" jsaction="" jscontroller="oSLmPe#HokZ0d" jsuid="LtmSbc_1m"><strong data-complete="true" data-sfc-cp="" data-sfc-root="c" jsaction="" jscontroller="tP2kf#s32ZS" jsuid="LtmSbc_2f">Profit After Tax (PAT):<!--TgQPHd|||[]--></strong> Standalone PAT achieved during Q2FY27 was a net loss of Rs 3 crore<!--TgQPHd|||[]-->, down 101.62% QoQ from a profit of Rs 185 crore in Q1FY27 and down 102.68% YoY from a profit of Rs 112 crore in Q2FY26. For H1FY27, standalone PAT dropped 45.99% YoY to reach Rs 182 crore up from Rs 337 crore in H1FY26.<!--TgQPHd|||[]--><!--TgQPHd|||[]--></li> <li data-complete="true" data-hveid="CAAIChAB" data-sae="" data-sfc-cp="" data-sfc-root="c" jsaction="" jscontroller="oSLmPe#HokZ0d" jsuid="LtmSbc_1m"><strong data-complete="true" data-sfc-cp="" data-sfc-root="c" jsaction="" jscontroller="tP2kf#s32ZS" jsuid="LtmSbc_2o">Earnings Per Share (EPS):<!--TgQPHd|||[]--></strong> Standalone basic and diluted EPS for Q2FY27 stood at Rs (0.01)<!--TgQPHd|||[]-->, down 102.13% QoQ against Rs 0.47 in Q1FY27 and down 103.45% YoY against Rs 0.29 in Q2FY26. For H1FY27, standalone basic and diluted EPS reached Rs 0.47, down 45.35% YoY from Rs 0.86 in H1FY26.<!--TgQPHd|||[]--><!--TgQPHd|||[]--></li> <!--TgQPHd|||[]--> </ul> <p><!--TgQPHd|||[]--></p> <p><strong data-complete="true" data-sfc-cp="" data-sfc-root="c" jsaction="" jscontroller="tP2kf#s32ZS" jsuid="LtmSbc_2x">Consolidated Financial Highlights:<!--TgQPHd|||[]--></strong><!--TgQPHd|||[]--></p> <ul data-complete="true" data-hveid="CAAIChAA" data-processed="true" data-sfc-cp="" data-sfc-root="c" jsaction="" jscontroller="wiLEJc#NS0kde" jsuid="LtmSbc_1l"> <li data-complete="true" data-hveid="CAAIChAB" data-sae="" data-sfc-cp="" data-sfc-root="c" jsaction="" jscontroller="oSLmPe#HokZ0d" jsuid="LtmSbc_1m"><strong data-complete="true" data-sfc-cp="" data-sfc-root="c" jsaction="" jscontroller="tP2kf#s32ZS" jsuid="LtmSbc_36">Revenue from Operations:<!--TgQPHd|||[]--></strong> Consolidated revenue from operations stood at Rs 2,788 crore<!--TgQPHd|||[]--> in Q2FY27, down 23.87% QoQ from Rs 3,662 crore in Q1FY27 and down 2.45% YoY from Rs 2,858 crore in Q2FY26. For H1FY27, consolidated revenue from operations reached Rs 6,450 crore, up 8.35% YoY from Rs 5,953 crore in H1FY26.<!--TgQPHd|||[]--><!--TgQPHd|||[]--></li> <li data-complete="true" data-hveid="CAAIChAB" data-sae="" data-sfc-cp="" data-sfc-root="c" jsaction="" jscontroller="oSLmPe#HokZ0d" jsuid="LtmSbc_1m"><strong data-complete="true" data-sfc-cp="" data-sfc-root="c" jsaction="" jscontroller="tP2kf#s32ZS" jsuid="LtmSbc_3f">Total Income:<!--TgQPHd|||[]--></strong> Consolidated total income recorded for Q2FY27 was Rs 2,846 crore<!--TgQPHd|||[]-->, down 24.13% QoQ from Rs 3,751 crore in Q1FY27 and down 5.60% YoY from Rs 3,015 crore in Q2FY26. For H1FY27, consolidated total income advanced 3.81% YoY to Rs 6,597 crore from Rs 6,355 crore in H1FY26.<!--TgQPHd|||[]--><!--TgQPHd|||[]--></li> <li data-complete="true" data-hveid="CAAIChAB" data-sae="" data-sfc-cp="" data-sfc-root="c" jsaction="" jscontroller="oSLmPe#HokZ0d" jsuid="LtmSbc_1m"><strong data-complete="true" data-sfc-cp="" data-sfc-root="c" jsaction="" jscontroller="tP2kf#s32ZS" jsuid="LtmSbc_3o">Profit Before Tax (PBT):<!--TgQPHd|||[]--></strong> Consolidated PBT was recorded at a loss of Rs 320 crore<!--TgQPHd|||[]--> in Q2FY27, down 293.94% QoQ from a profit of Rs 165 crore in Q1FY27 and up 27.77% YoY from a loss of Rs 443 crore in Q2FY26. For H1FY27, consolidated PBT recorded a loss of Rs 155 crore, down 70.81% YoY compared to a loss of Rs 531 crore in H1FY26.<!--TgQPHd|||[]--><!--TgQPHd|||[]--></li> <li data-complete="true" data-hveid="CAAIChAB" data-sae="" data-sfc-cp="" data-sfc-root="c" jsaction="" jscontroller="oSLmPe#HokZ0d" jsuid="LtmSbc_1m"><strong data-complete="true" data-sfc-cp="" data-sfc-root="c" jsaction="" jscontroller="tP2kf#s32ZS" jsuid="LtmSbc_3x">Profit After Tax (PAT):<!--TgQPHd|||[]--></strong> Consolidated PAT for Q2FY27 stood at a loss of Rs 324 crore<!--TgQPHd|||[]-->, down 367.77% QoQ from a profit of Rs 121 crore in Q1FY27 and down 32.08% YoY from a loss of Rs 477 crore in Q2FY26. For H1FY27, consolidated PAT stood at a loss of Rs 203 crore, down 67.36% YoY compared to a loss of Rs 622 crore in H1FY26.<!--TgQPHd|||[]--><!--TgQPHd|||[]--></li> <li data-complete="true" data-hveid="CAAIDBAN" data-sae="" data-sfc-cp="" data-sfc-root="c" jsaction="" jscontroller="oSLmPe#HokZ0d" jsuid="LtmSbc_44"><strong data-complete="true" data-sfc-cp="" data-sfc-root="c" jsaction="" jscontroller="tP2kf#s32ZS" jsuid="LtmSbc_46">Earnings Per Share (EPS):<!--TgQPHd|||[]--></strong> Consolidated basic and diluted EPS for continuing and discontinued operations combined stood at <strong data-complete="true" data-sfc-cp="" data-sfc-root="c" jsaction="" jscontroller="tP2kf#s32ZS" jsuid="LtmSbc_47">Rs (0.80)<!--TgQPHd|||[]--></strong> in Q2FY27, down 358.06% QoQ from Rs 0.31 in Q1FY27 and down 32.77% YoY from Rs (1.19) in Q2FY26. For H1FY27, consolidated combined basic and diluted EPS stood at Rs (0.49), down 68.39% YoY from Rs (1.55) in H1FY26.<!--TgQPHd|||[]--><!--TgQPHd|||[]--></li> <!--TgQPHd|||[]--> </ul> <p><!--TgQPHd|||[]--></p> <p><!--TgQPHd|||[]--></p> <p><strong data-complete="true" data-sfc-cp="" data-sfc-root="c" jsaction="" jscontroller="tP2kf#s32ZS" jsuid="LtmSbc_4h">Business Highlights:<!--TgQPHd|||[]--></strong><!--TgQPHd|||[[2,[null,null,null,null,null,null,null,null,null,null,null,null,[351768,null,0]],[],null,1]]--></p> <ul data-complete="true" data-hveid="CAAIDxAA" data-processed="true" data-sfc-cp="" data-sfc-root="c" jsaction="" jscontroller="wiLEJc#NS0kde" jsuid="LtmSbc_4i"> <li data-complete="true" data-hveid="CAAIDxAB" data-sae="" data-sfc-cp="" data-sfc-root="c" jsaction="" jscontroller="oSLmPe#HokZ0d" jsuid="LtmSbc_4j"><strong data-complete="true" data-sfc-cp="" data-sfc-root="c" jsaction="" jscontroller="tP2kf#s32ZS" jsuid="LtmSbc_4l">Vesting of Demerged Undertaking:<!--TgQPHd|||[]--></strong> The Scheme of Arrangement for the demerger of the Iron Ore Undertaking of Vedanta Limited into the Company became effective on May 1, 2026. Consequent to the scheme, the undertaking was vested in the Company on a going concern basis and 391,03,88,057 equity shares of face value Rs 1 each were allotted on May 4, 2026.<!--TgQPHd|||[]--><!--TgQPHd|||[]--></li> <li data-complete="true" data-hveid="CAAIDxAC" data-sae="" data-sfc-cp="" data-sfc-root="c" jsaction="" jscontroller="oSLmPe#HokZ0d" jsuid="LtmSbc_4m"><strong data-complete="true" data-sfc-cp="" data-sfc-root="c" jsaction="" jscontroller="tP2kf#s32ZS" jsuid="LtmSbc_4o">MetCoke Common Control Pooling:<!--TgQPHd|||[]--></strong> The Company executed a Business Transfer Agreement on April 30, 2026, to purchase the MetCoke business from fellow subsidiary MALCO Energy Limited on a slump sale basis for Rs 1. Since the net worth was negative Rs 299 crore, the difference of Rs 299 crore has been recognized under Capital Reserve using the pooling of interests method.</li> </ul> <p><strong>Pankaj Kumar Sharma, CEO, VISL, said:</strong> "VISL delivered a stronger year-on-year operating performance in H1FY27, supported by improved steel realisations, higher steel volumes and continued efficiency initiatives. During the quarter, we completed planned shutdowns at our Bokaro and Goa operations to strengthen asset reliability for the second half. We also continued to advance our growth projects and renewable energy initiatives, while maintaining a sharp focus on safety, operational discipline and long-term value creation.</p> <p><strong>Navin Jaju, CFO, VISL, said:</strong> " H1FY27 EBITDA increased 54% YoY to Rs 598 crore, with margin expanding by 275 basis points to 9%. Profitability improved materially compared with the corresponding period, while net debt to EBITDA reflects a healthy balance sheets position. We remain focused on disciplined capital allocation, working capital management and cash generation as we progress our strategic growth investments."</p> <p><a class="lb" href="/get-document/post/pdf/5912568/" target="_blank">Result PDF</a></p>

• Trendlyne
• 1 hour 9 minutes ago

Please refer the enclosed investor presentation for Q2 of FY 2027.

• BSE India
• 1 hour 44 minutes ago

Please refer the enclosed intimation of press release of Q2 for FY 2027 of the Company.

• BSE India
• 1 hour 47 minutes ago