Vardhman Special Steels Reports Financial Results for FY 2026; Board Recommends Rs. 3.50 Dividend Per Share
Vardhman Special Steels Limited has announced its audited financial results for the financial year ended March 31, 2026. The company's Board of Directors recommended a dividend of Rs. 3.50 per share on fully paid up equity shares. The dividend payment is subject to approval by the members of the company and is tentatively scheduled within five days of the Annual General Meeting.The company reported a substantial increase in total assets, alongside robust total comprehensive income, driven by strong operational performance and specific tax refunds.
Key Financial Highlights
The audited financial results show significant growth compared to the previous year.In terms of profitability, the company recorded Total Income of Rs. 1,79,677.91 lakhs for FY 2026, an increase from Rs. 1,79,352.31 lakhs reported in FY 2025. Profit after tax for the year stood at Rs. 12,202.39 lakhs, reflecting an increase from Rs. 9,308.81 lakhs in the previous year. The Earnings Per Share (EPS) on a basic basis reached Rs. 13.15, compared to Rs. 11.40 in the year prior.
The company's overall financial health improved, with Total Assets growing to Rs. 1,63,311.56 lakhs, up from Rs. 1,13,591.55 lakhs at the end of March 2025.
| Financial Metric | FY Ended 31 March 2026 (Audited) | FY Ended 31 March 2025 (Audited) |
|---|---|---|
| Revenue from operations | 1,75,443.31 lakhs | 1,76,440.83 lakhs |
| Total income | 1,79,677.91 lakhs | 1,79,352.31 lakhs |
| Profit after tax | 12,202.39 lakhs | 9,308.81 lakhs |
| Total Assets | 1,63,311.56 lakhs | 1,13,591.55 lakhs |
| Total Equity | 1,27,731.98 lakhs | 79,791.82 lakhs |
Operational and Capital Updates
The company reported that a portion of its other income arose from tax refunds. Specifically, the figure for the year ended March 31, 2026, showed Rs. 2,556.90 lakhs under "Other income," corresponding to the exemption of Electricity Duty, Infrastructure Development Cess, property tax, and GST refund.In terms of capitalization, the company’s paid up equity share capital increased to Rs. 9,668.57 lakhs for the quarter ended March 31, 2026. This increase was driven by the issuance of 123,750 equity shares under the Employee Stock Options Scheme.
Cash Flow Summary
The Statement of Cash Flows reveals that net cash generated from operating activities stood at Rs. 10,587.76 lakhs for the year ended March 31, 2026, compared to Rs. 12,691.13 lakhs in the previous fiscal year.The comprehensive financial results provide a detailed view of the company's balance sheet. As of March 31, 2026, the company reported Total Liabilities of Rs. 35,579.58 lakhs, with Total Equity amounting to Rs. 1,27,731.98 lakhs.
The detailed financial statements are available, providing insights into asset components, including Property, plant and equipment totaling Rs. 58,476.49 lakhs (FY 2026) versus Rs. 30,829.27 lakhs (FY 2025).
VSSL Stock Price Movement
Vardhman Special Steels Limited shares are gaining momentum as of 12:40 PM, rallying 7.02% in live trading and currently trading at ₹292.14. The equity is showing strong conviction, with a total volume of 195,382 shares trading to fuel the upward move.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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