Vedanta Iron Q2 loss narrows to Rs 324 crore as revenue slips
In short
Vedanta Iron and Steel said its Q2 FY27 loss fell to Rs 324 crore from Rs 477 crore a year earlier. Revenue slipped 1.7% to Rs 2,742 crore, while EBITDA rose 56% to Rs 83 crore.
The company said better steel prices and efficiency helped. The report also mentions record half-year pig iron output, but it does not give a full outlook.
What the reporting says
Vedanta Iron and Steel reported on Tuesday that its Q2 FY27 loss narrowed to Rs 324 crore from Rs 477 crore a year earlier. Revenue fell 1.7% to Rs 2,742 crore, while EBITDA rose 56% to Rs 83 crore on better steel realisations and efficiency gains. The company also reported record half-yearly pig iron production. The report does not provide a full outlook or explain the revenue decline.
Why it matters
Vedanta Iron and Steel reported a narrower Q2 FY27 loss of Rs 324 crore, down from Rs 477 crore a year earlier. Revenue declined 1.7% to Rs 2,742 crore, but EBITDA rose 56% to Rs 83 crore, helped by improved steel realisations and efficiency gains. The company also reported record half-yearly pig iron production. The report does not explain the revenue decline or give guidance.