Vedanta Iron & Steel Returns to Profit in June Quarter Despite Lower Revenue and EBITDA

Vedanta Iron & Steel reported a net profit of ₹121 crore for the quarter ended June 2026, marking a return to profitability. However, the company's operating performance weakened compared to the preceding quarter, with both revenue and EBITDA declining on a sequential basis.

Despite the quarter-on-quarter softening in top-line and operating earnings, the bottom-line swing into profit represents a notable improvement for the company. The profit figure of ₹121 crore was achieved even as broader operating metrics came under pressure during the period.

Vedanta Iron & Steel is a subsidiary of Vedanta Group, one of India's largest diversified natural resources conglomerates with operations spanning metals, mining, oil and gas, and power. The company focuses on iron and steel production within the group's broader portfolio. Vedanta Limited has been pursuing a restructuring exercise to demerge its businesses into separate listed entities, aimed at simplifying the corporate structure and allowing each vertical to attract targeted investment, and Vedanta Iron & Steel is one of the entities emerging from that process.

India is the world's second-largest crude steel producer, and domestic steel demand has been supported by government-led infrastructure spending and a recovering construction sector. At the same time, Indian steel producers have faced margin pressure from volatile iron ore and coking coal input costs as well as competition from cheaper imports, factors that have weighed on operating performance across the sector in recent quarters.

Source: CNBC-TV18