Vedanta Iron Q2 Results: Loss narrows to Rs 324 crore, revenue declines 2% YoY
60-Word AI Digest
Vedanta Iron and Steel narrowed its Q2 FY27 loss to Rs 324 crore from Rs 477 crore a year earlier, while revenue declined 1.7% to Rs 2,742 crore. EBITDA rose 56% to Rs 83 crore, supported by improved steel realisations and efficiency gains. The company also reported record half-yearly pig iron production.
Key Takeaways
- Vedanta Iron and Steel narrowed its Q2 FY27 loss to Rs 324 crore from Rs 477 crore a year earlier, while revenue declined 1.7% to Rs 2,742 crore.
- EBITDA rose 56% to Rs 83 crore, supported by improved steel realisations and efficiency gains.
- The company also reported record half-yearly pig iron production.
Vedanta Iron and Steel narrowed its Q2 FY27 loss to Rs 324 crore from Rs 477 crore a year earlier, while revenue declined 1.7% to Rs 2,742 crore. EBITDA rose 56% to Rs 83 crore, supported by improved steel realisations and efficiency gains. The company also reported record half-yearly pig iron production.
Original Publisher Attribution
This summary was curated from Economic Times.