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It slipped to a from a profit in the June quarter, as seasonal iron ore disruptions and plant shutdowns hit operations. In Apr-Jun, the company made a profit of Rs 121 crore on a revenue of Rs 3,662 crore. The Vedanta group company clocked in a revenue of Rs 2,788 crore, down 2% on year. It produced 532,000 tonne of steel during the quarter, up 4% on year. Earnings before interest, tax, depreciation and amortization (EBITDA) for the quarter stood at Rs 83 crore, up 56% on year, while EBITDA margins improved by 112 basis points on year to 3%. Performance for the quarter was affected by seasonal disruptions in iron ore production, planned plant shutdowns and higher input and conversion costs, the company said in a statement. These factors weighed on operating profitability during the quarter, it said. For the first half of the year, Vedanta Iron and Steel had a revenue of Rs 6,450 crore, up 8% on year, an EBITDA of Rs 598 crore, up 54% on year and a loss of Rs 203 crore, which compares to a loss of Rs 622 crore in the year ago period. It produced 1.1 million tonne of steel during the first half of the year, up 4% on year. It has a net debt of Rs 2,763 crores at the end of the September quarter, marginally higher from Rs 2,733 crore at the end of the June quarter. Vedanta Iron and Steel announced its earnings after market hours on Tuesday, and its shares closed at Rs 28 on the BSE, up 5% from the previous close. (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
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