Vedanta Iron & Steel Ltd

Q1 FY27Ferrous Metals

Vedanta Iron & Steel Q1 FY27: Revenue ₹3,662 Cr, PAT ₹121 Cr

Q1 FY27 investor presentation: what the company reported on revenue, margins and projects.

Price₹33

Market cap₹12.1K Cr

Updated25 Sept 2026

Read5 min read

Based on Vedanta Iron & Steel Ltd's Q1 FY27 investor presentation. The company has not published an earnings-call transcript for this quarter, so figures here are what the presentation reports, not management guidance.

The short version

Revenue: - ₹3,612 crore in Q1 FY27, up 18% YoY (Page 3, 26, 29) - Revenue from operations of ₹3,662 crore stated on Page 20 (slight variance due to rounding/details) - Sales / Volume: - Steel sales: 582 KT in Q1 FY27, +4% YoY (Page 29) - Iron ore sales total: 2.0 Mn DMT in Q1 FY27, +4% YoY (Page 29) - Iron ore saleable production: 2.6 Mn DMT in Q1 FY27, +4% YoY (Page 27, 12) - Pig iron production: 291 KT in Q1 FY27, +8% YoY (Page 11) - Margins: - EBITDA ₹515 crore, +54% YoY (Page 3, 20) - EBITDA margin improved to 14%, +322 bps YoY (Page 20) - Outlook: - No explicit forward revenue or volume forecast provided. EBITDA for Q1 FY27: ₹515 crore, a 54% year-on-year (YoY) increase. - Revenue from operations: ₹3,612 crore, up 18% YoY. - EBITDA margin for Q1 FY27: 14%, improved by 322 basis points YoY (from approx.

From Vedanta Iron & Steel Ltd's Q1 FY27 earnings-call transcript · updated 25 Sept 2026.

Revenue & Sales Performance

Revenue:
₹3,612 crore in Q1 FY27, up 18% YoY (Page 3, 26, 29)
Revenue from operations of ₹3,662 crore stated on Page 20 (slight variance due to rounding/details)
Sales / Volume:
Steel sales: 582 KT in Q1 FY27, +4% YoY (Page 29)
Iron ore sales total: 2.0 Mn DMT in Q1 FY27, +4% YoY (Page 29)
Iron ore saleable production: 2.6 Mn DMT in Q1 FY27, +4% YoY (Page 27, 12)
Pig iron production: 291 KT in Q1 FY27, +8% YoY (Page 11)
Margins:
EBITDA ₹515 crore, +54% YoY (Page 3, 20)
EBITDA margin improved to 14%, +322 bps YoY (Page 20)
Outlook:

2 more points management made on revenue & sales performance

Profitability & Margins

EBITDA for Q1 FY27: ₹515 crore, a 54% year-on-year (YoY) increase.
Revenue from operations: ₹3,612 crore, up 18% YoY.
EBITDA margin for Q1 FY27: 14%, improved by 322 basis points YoY (from approx. 11% in Q1 FY26).

- Profit after tax (PAT) for Q1 FY27: ₹121 crore (after exceptional items), compared to a loss of ₹145 crore in Q1 FY26. - No explicit forward-looking margin outlook is stated in the presentation; it focuses on historical results and forward-looking statements include caution about uncertainties without specific margin forecasts. All data covers the full quarter commencing 1 April 2026, pre- and post-demerger effective 1 May 2026.

2 more points management made on profitability & margins

See what Vedanta Iron & Steel Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

Ductile Iron Pipe (DIP) – Goa: Approved capex ₹380 Cr, capex up to Q1 FY27 ₹342 Cr, capex in Q1 FY27 ₹177 Cr.
ESL Phase 1A (Steel): Approved capex ₹752 Cr, capex up to Q1 FY27 ₹222 Cr, capex in Q1 FY27 ₹364 Cr.
Total Approved Capex: ₹1,132 Cr; total capex up to Q1 FY27 ₹2,565 Cr, including ₹813 Cr spent in Q1 FY27.
Projects in Progress:
Janthakal Mine (Karnataka)
Bicholim Mine (Goa) expansion from 3 to 3.6 MTPA
0.5 MTPA Cudnem Mine (Goa)
Steel Expansion (ESL Bokaro):
Coke Oven of 0.5 MTPA
Hot Metal capacity expansion from 1.7 to 3.2 MTPA
DIP 0.2 MTPA

2 more points management made on capital expenditure plans

Top-ranked in Ferrous Metals

Ranked on what management guided this quarter

5x potential

1Shri Hare-Krish.₹66 Cr

Rev 1Mar 1

2Indian Metals₹6.6K Cr

Rev 2Mar 3

3₹5.9K Cr

Rev 2Mar 3

4₹76.4K Cr

Rev 3Mar 1

5₹8.0K Cr

Rev 3Mar 2

Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

The presentation does not explicitly mention any fundraising through new debt or equity issuance.
Net debt details on page 18 show a reduction in net external debt from ₹2,862 crore in March 2026 to ₹1,773 crore in June 2026.
Net debt post-demerger stands at ₹2,733 crore as of June 2026.
The reduction in finance cost by 55% YoY and 53% QoQ is attributed to settlement of inter-company payables following group demerger adjustments (page 26).
Working capital increased due to strategic inventory build-up ahead of the monsoon, expected to be released by Q2 FY27 (page 18).

2 more points management made on fundraising & capital structure

See what Vedanta Iron & Steel Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

The investor presentation does not report any details regarding order book, order inflow, or pending orders. Throughout the slides provided (pages 1-31), there is no mention or data related to: - Order book size or value - Order inflow during the quarter or any period - Pending orders backlog or related metrics The presentation focuses on financial results, production volumes, sales summary, EBITDA bridges, recognitions, community initiatives, debt position, and earnings call details, but does not provide any information on orders or order backlog.

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Frequently Asked Questions

What were Vedanta Iron & Steel Ltd Q1 FY27 results?

What is Vedanta Iron & Steel Ltd share price analysis?

Vedanta Iron & Steel Ltd currently shows a neutral. The stock trades at a P/E of N/A with a market cap of ₹12,087 Cr. Investors should review the full earnings analysis for detailed insights.

Is Vedanta Iron & Steel Ltd planning capital expenditure?

Ductile Iron Pipe (DIP) – Goa: Approved capex ₹380 Cr, capex up to Q1 FY27 ₹342 Cr, capex in Q1 FY27 ₹177 Cr.

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This analysis is AI-generated based on publicly available earnings data and the company's investor presentation. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.