Vedanta Iron and Steel Q2 earnings: Net loss at Rs 324 crore, revenue falls 24% 

Vedanta Iron and Steel share price: Vedanta Iron and Steel Ltd (VISL) reported a loss of Rs 324 crore in the September 2026 quarter against a profit of Rs 121 crore on a QoQ basis. Revenue slipped 24% to Rs 2,788 crore in the last quarter against Rs 3,662 crore in the June 2026 quarter.

EBITDA crashed 84% to Rs 83 crore in Q2 against Rs 515 crore on a QoQ basis. EBITDA margin came at 1.7% in Q2 against 13.9% on a QoQ basis.

Pankaj Kumar Sharma, CEO, VISL, said: "VISL delivered a stronger year-on-year operating performance in H1 FY27, 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."

Net Debt (External) fell to Rs 1,790 crore in September 2026 from Rs 2,862 in March 2026. Net External Debt / EBITDA stands at 1.3 times in H1 FY27.

The earnings were announced after market hours.

Vedanta Iron and Steel stock closed 5% higher at Rs 28 on BSE today. Market cap of the Vedanta Group firm rose to Rs 10,949 crore.