Vedanta Iron And Steel Limited · NSE:VISL
Vedanta Iron And Steel — Q1 FY27 Earnings Presentation
26 slides from Vedanta Iron And Steel's earnings presentation, July 2026
Slide 1: Vedanta Iron & Steel Limited Earnings Presentation Q1 FY27
Vedanta Iron & Steel Limited EARNINGS PRESENTATION Q1 FY27 Strengthening Foundations Building Nations
Slide 2: Table of Contents
Highlights 1 Quarterly Highlights Business Performance 2 Steel | Iron Ore | Project Updates Table of 3 Market Overview Contents 4 HSE & CSR Financial Update 5 Snapshot | EBITDA | Net Debt 6 Appendix
Slide 3: Highlights Q1 FY27
mm >>> Highlights Ql FY27 vedanta iron & steel
Slide 4: Highlights – Q1 FY27
I Highlights – Q1 FY27 EBITDA PAT Revenue EBITDA Margin ₹515 crore ₹121 crore ₹3662 crore +322 bps YoY +54% YoY Vs - ₹145 Cr +18% YoY Improved from in Q1 FY26 11% to 14% YoY Production Credit Rating Net Debt / EBITDA2 Strong Liquidity3 2.6 MnT DMT Iron Ore (+4% YoY) AA /Stable 1.3x ₹ 1018 crore CRIS
Slide 5: Business Performance
Business Performance Q1 FY27
Slide 6: Steel
I Steel Saleable Production Sales Margin Margin (KT) (KT) (INR/MT) (%) +4% YoY +9% YoY +60% YoY +388 bps YoY 582 592 572 5,864 12% 569 10% 562 4,732 526 3,668 8% Q1'26 Q4'26 Q1'27 Q1'26 Q4'26 Q1'27 Q1'26 Q4'26 Q1'27 Q1'26 Q4'26 Q1'27 Key Highlights Record quarterly Pig Iron production of 291 KT, up
Slide 7: Iron Ore
I Iron Ore Saleable Ore Production Merchant Sales Merchant Sales Margin (Mn DMT) (Mn DMT) (Mn DMT) (INR/MT) +4% +2% +24% YoY YoY YoY 1.9 1,558 2.7 1.4 1.5 2.6 1,226 2.5 992 Q1'26 Q4'26 Q1'27 Q1'26 Q4'26 Q1'27 Q1'26 Q4'26 Q1'27 Key Highlights Delivered 2.6 Mn DMT of iron ore production, up 4% YoY. St
Slide 8: Project Updates
I Project Updates Capex in Progress (In INR Cr) Approved Capex Capex in Q1 FY27 Capex up to Q1 FY27 Balance as on 30th Jun 2026 Ductile Iron Pipe – Goa 722 17 342 380 ESL Phase 1A 2975 64 2223 752 Total 3,697 81 2,565 1,132 FY27 FY28 • Bicholim Mine (Goa) Expansion from 3 – 3.6 MTPA Iron Ore1 • Jant
Slide 9: Market Overview: Steel & Iron Ore
Market Overview Steel & Iron Ore
Slide 10: Steel Outlook: India Poised for Strong Expansion
I Steel Outlook : India Poised for Strong Expansion India’s Growth Headroom: Growing Demand for Steel and Iron Ore Per Capita Steel Consumption (CY24) Steel Production: India (Million Tons) Iron Ore Production: India (Million Tons) (Kg) 437* 601 255 310 278 289 168 255 152 251 144 120 127 215 102 1
Slide 11: People, Community & Environment
People, Community & Environment
Slide 12: Our Commitment To Excellence – Our Path To Leadership
I Our Commitment To Excellence – Our Path To Leadership Transforming Planet Transforming Workplace Transforming Communities ~31 million units 21% Women in Workforce ~5,48,000* RE Consumed 38% in Enabling Functions Women & Children 3719 million units* 7 4 ~38,000* WRHB Generation LGBTQ+ Specially-abl
Slide 13: Empowering Communities with Strategic Investment
I Empowering Communities with Strategic Investment Q1 +33.73 K Updates Beneficiaries Human Capital 7 Initiatives ( Healthcare, children’s Well-being & 18.57 K Education) Social inclusion 8 Initiatives (Women empowerment, 5.43 K Enabled SFA Women’s Skilling & Livelihoods) Football Team to compete at
Slide 14: Financial Update
Financial Update Ql FY27 vedanta iron & steel
Slide 15: Q1FY27 Financial Snapshot
I Q1FY27 Financial Snapshot REVENUE EBITDA EBITDA Margin Profit after tax ₹ 3,662 crore ₹ 515 crore 14% ₹ 121 crore 18% y-o-y 54% y-o-y 322 bps y-o-y Cash & Cash ROCE1 Net Debt Credit Rating Equivalent2 16% ₹ 2,733 crore AA / Stable ₹ 1,018 crore 15 1 Computed basis equity + net debt; 2 Includ
Slide 16: EBITDA Bridge (Q1FY27 vs. Q1FY26)
I EBITDA BRIDGE (Q1FY27 vs. Q1FY26) (In ₹ crore) Key Drivers NSR Impact: Benefited from stronger steel and iron ore realizations. Input Commodity Impact: Impacted by elevated raw material and fuel costs, particularly iron ore, coal and diesel. Cost Impact: Driven by sustained operational excellence
Slide 17: EBITDA Bridge (Q1FY27 vs. Q4FY26)
I EBITDA BRIDGE (Q1FY27 vs. Q4FY26) (In ₹ crore) 158 16 Key Drivers NSR Impact: Driven by improved steel realizations during the quarter. Input Commodity Impact: Impacted by higher iron ore, coal and diesel costs on a QoQ basis. Cost Impact: Supported by operational efficiency improvements at ESL an
Slide 18: Net Debt Walk Q1FY27
I Net Debt Walk Q1FY27 12,296 (In ₹ crore) Debt Breakdown Gross Debt Mar'26 Jun'26 Term Debt 1,161 943 Short Term Borrowing 2,919 1,220 Working Capital 598 629 Total Consolidated Debt 4,678 2,792 Cash and Cash Equivalents 1,816 1,0181 Net Debt 2,862 1,773 Inter Company Debt 9,434 960 Total Net Debt
Slide 19: Recognitions towards our commitment to excellence
I Recognitions towards our commitment to excellence Winners of the Recognized among India’s Best Safety and Health Best Workplace in Basic Culture of the Received Award by the Metals & Year Award at the 4th Mormugao Port Authority for Fabricated Metal Products Edition of Minerals achieving the Highe
Slide 20: Appendix
Appendix
Slide 21: Summary of Income Statement
I Summary of Income Statement EBITDA (In ₹ Crore) Q1FY27 Q4FY26 Q1FY26 o On YoY basis, Q1FY27 EBITDA increased by 54 %, on Revenue from operations 3,612 3,803 3,033 account of better steel and iron ore realisation along with Other operating income 50 60 62 higher volume in VAB1 and IOG2 o On QoQ b
Slide 22: Segment Summary – Iron Ore
I Segment Summary – Iron Ore Quarter Production (In million dry metric tonnes, or as stated) Q1FY27 Q1FY26 % YoY Q4FY26 Production of Saleable Ore 2.6 2.5 4% 2.7 Goa 0.6 0.2 166% 0.9 Karnataka 0.9 1.6 -46% 1.2 Odisha 1.2 0.7 59% 0.7 Financials (In ₹ crore, or as stated) Gross Revenue 1190 1029 1245
Slide 23: Segment Summary - Steel
I Segment Summary - Steel Quarter Production (In ‘000 tonnes, or as stated) Q1FY27 Q1FY26 % YoY Q4FY26 Hot Metal 601 583 3% 588 Goa 238 213 12% 215 Bokaro 363 370 -2% 373 Saleable Production 582 562 4% 569 Pig Iron 291 269 8% 277 Pig Iron - Goa 238 213 12% 215 Pig Iron - Bokaro 53 56 -6% 62 Billet 2
Slide 24: Sales Summary
I Sales Summary Quarter Sales volume Q1FY27 Q1FY26 Q4FY26 Iron ore sales* Goa (mn dmt) 0.6 0.3 0.7 Karnataka (mn dmt) 0.5 0.7 0.6 Odisha (mn dmt) 0.9 0.9 0.8 Total (mn dmt) 2.0 1.9 2.1 Steel sales (kt) 572 526 592 Pig Iron - Goa 240 193 221 Pig Iron - Bokaro 51 56 60 Billet 17 10 24 TMT Bar 129 125
Slide 25: Earnings Call Details
I Earnings Call Details Event Telephone Number +91 22 6280 1114 Universal Dial-In +91 22 7115 8015 India National Toll Free 1 800 120 1221 Canada 01180014243444 Earnings conference call on July 30, Hong Kong 800964448 2026, from 5:00 PM to 6:30 PM (IST) Japan 00531161110 Netherlands 08000229808 Inte
Slide 26: Forward Looking Statement
I Forward Looking Statement The views expressed here may contain information derived from publicly available sources that have not been independently verified. No representation or warranty is made as to the accuracy, completeness, reasonableness or reliability of this information. Any forward-looki
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