Vedanta Iron and Steel (VISL) Q4 25/26 earnings summary

Executive summary

• Operations had not commenced by FY26 year-end; revenue was nil and the FY26 loss after tax was ₹3.66 lakh.

• The updated demerger scheme was approved, with its effective date set for 1 May 2026 after the reporting period.

• Auditors issued an unmodified opinion and found internal financial controls adequate and operating effectively at 31 March 2026.

Financial highlights

• Revenue from operations was nil in FY26 as the business had not commenced; total expenses were ₹3.66 lakh, up from ₹2.85 lakh in FY25.

• Net loss after tax was ₹3.66 lakh in FY26 versus ₹2.85 lakh in FY25; basic and diluted EPS were both (₹3.66) versus (₹2.85).

• Finance costs were ₹0.65 lakh versus ₹0.51 lakh; other expenses were ₹3.00 lakh versus ₹2.34 lakh.

• Cash and cash equivalents ended FY26 at ₹0.67 lakh versus ₹0.76 lakh; operating cash outflow was ₹4.13 lakh.

Outlook and guidance

• Directors said they would endeavour to improve performance in coming years; operations had not yet started.

• The demerger scheme's approved effective date is 1 May 2026, subsequent to the 31 March 2026 reporting date.