Vedanta Iron and Steel reports Rs 122 crore net profit in Q1
Vedanta Iron and Steel Ltd posted a Rs 122 crore net profit for the June quarter. This marks a significant turnaround from the Rs 142 crore net loss incurred last year. The company's revenue from operations increased to Rs 3,662 crore during this ...
By PTI |
Vedanta Iron and Steel Ltd (VISL) on Wednesday reported a consolidated net profit of Rs 122 cr for the quarter ended June 30, driven by higher revenue from operations.
However, the company had posted a net loss of Rs 142 crore in the year-ago quarter, Vedanta Iron and Steel said in a regulatory filing.
The company's revenue from operations rose to Rs 3,662 crore in Q1 FY27, compared to Rs 3,095 crore in the corresponding quarter of the preceding fiscal.
Vedanta Iron and Steel, recently demerged from Vedanta Ltd and the June quarter earnings mark its first set of results as an independently listed entity.
The company operates integrated steel and mining assets, including iron ore mines and pig iron facilities, in key mineral belts.
However, the company had posted a net loss of Rs 142 crore in the year-ago quarter, Vedanta Iron and Steel said in a regulatory filing.
The company's revenue from operations rose to Rs 3,662 crore in Q1 FY27, compared to Rs 3,095 crore in the corresponding quarter of the preceding fiscal.
Vedanta Iron and Steel, recently demerged from Vedanta Ltd and the June quarter earnings mark its first set of results as an independently listed entity.
The company operates integrated steel and mining assets, including iron ore mines and pig iron facilities, in key mineral belts.
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