Vardhman Special Steels Limited Posts Q1 Results: Revenue Stands at 48,600.70 Lakhs
Vardhman Special Steels Limited has released its unaudited financial results for the quarter ended June 30, 2026. The Company operates in a single segment: manufacturing of steel products.The management and Board of Directors approved these statements on July 24, 2026. A Limited Review Report by statutory auditors was also completed.
Financial Performance Highlights (Rs. in Lakhs)
The following table details the unaudited financial results for the quarter ended June 30, 2026, along with comparative figures from previous periods.| Particulars | 30.06.2026 (Unaudited) | 31.03.2026 (Refer note-3) | 30.06.2025 (Unaudited) | 31.03.2026 (Audited) |
|---|---|---|---|---|
| Revenue from operations | 48,600.70 | 45,791.54 | 43,369.85 | 1,75,443.31 |
| Other income | 985.71 | 1,045.67 | 749.74 | 4,234.60 |
| Total income | 49,586.41 | 46,837.21 | 44,119.59 | 1,79,677.91 |
| Cost of materials consumed | 29,322.44 | 24,137.27 | 22,887.85 | 97,439.28 |
| Changes in inventories | (1,488.76) | 2,845.99 | 4,127.01 | 6,166.48 |
| Employee benefits expense | 3,214.95 | 2,974.19 | 2,619.98 | 11,427.87 |
| Finance cost | 331.50 | 275.75 | 356.46 | 1,190.58 |
| Depreciation and amortisation expense | 957.18 | 779.64 | 899.58 | 3,286.68 |
| Power and fuel expense | 5,091.33 | 4,682.10 | 4,361.42 | 19,048.03 |
| Others | 6,617.70 | 6,543.52 | 6,190.47 | 24,714.05 |
| Total expenses | 44,046.34 | 42,238.46 | 41,442.77 | 1,63,272.97 |
| Profit before tax | 5,540.07 | 4,598.75 | 2,676.82 | 16,404.94 |
Profitability and Comprehensive Income
Key performance indicators for the quarter include:- Profit after tax (PAT): The company recorded PAT of 4,118.57 lakhs.
- Total comprehensive income: Total comprehensive income stood at 4,125.96 lakhs.
- Earnings per share: Basic earnings per equity share were 4.26, while diluted earnings per equity share were 4.25 (for the quarter).
Operational and Income Details
The Company's financial results reflect items related to state government incentives. Other income recorded during this quarter includes 380.17 lakhs, benefiting from exemption of Electricity Duty, Infrastructure Development Cess, property tax, and GST refund under the Industrial and Business Development Policy 2017 of the State Government. This figure compares to 501.17 lakhs in the preceding quarter ending March 31, 2026.The Company is engaged exclusively in the manufacturing of steel products.
VSSL Stock Price Movement
Vardhman Special Steels Limited surged today after closing at ₹303.3, which reflected a gain of 1.17% in trading. The stock demonstrated strong conviction throughout the session, successfully moving through an intraday range that stretched from ₹301.1 to hit a high of ₹325.85.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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