Vardhman Special Steels Reports Strong Q1 FY27 Results; Revenue and Profitability See Significant Rise
Vardhman Special Steels Limited, a leading producer of special steels and pioneer in green steel manufacturing catering to automotive and engineering sectors, has announced its unaudited financial results for the first quarter of the financial year 2026-27. The results reflect substantial growth across various operational metrics.The company reported Q1 FY27 volumes at 59,103 MT. Revenue from Operations stood at Rs 486.01 Crore. EBITDA (including other income) reached Rs 68.29 Crore, translating to an EBITDA per ton of Rs 10,764. The Net Profit After Tax (PAT) for the quarter was Rs 41.19 Crore.
Key financial highlights comparing Q1 FY27 against previous periods are detailed below:
| Particulars | Q1 FY27 | Q1 FY26 | Y-o-Y | Q4 FY26 |
|---|---|---|---|---|
| Sales Volume (tonnes) | 59,103 | 55,574 | 6.35% | 59,370 |
| Revenue from Operations | 486.01 | 433.70 | 12.06% | 457.92 |
| EBITDA* | 68.29 | 39.33 | 73.63% | 56.54 |
| PAT | 41.19 | 19.90 | 107.01% | 33.98 |
| Basic EPS (Rs.) | 4.26 | 2.43 | 75.31% | 3.52 |
Performance and Operational Growth
For the quarter ended June 30, 2026, Vardhman Special Steels recorded a 12.06% year-on-year increase in Revenue from Operations at Rs 486.01 crore, primarily attributed to increased sales volume and higher realizations. EBITDA (including other income) grew by 73.63%, reaching Rs 68.29 crore, driven by an increase in sales volume, improved operational efficiencies, cost savings realized through solar power integration, and higher realizations.
The PAT for Q1 FY27 was Rs 41.19 crore, marking a 107.01% year-on-year rise compared to Rs 19.90 crore in Q1 FY26. The company’s Basic EPS stood at Rs 4.26, up from Rs 2.43 in the corresponding period of Q1 FY26.
Management Commentary on Growth and Strategy
Mr Sachit Jain, Chairman & Managing Director, Vardhman Special Steels Ltd., commented on the results, stating that the company has commenced FY27 with a strong foundation, achieving healthy growth across production, revenues, and profitability. This performance was driven by sustained demand from key customer segments and improved operating efficiencies alongside better realizations following price hikes received from OEMs.
The strategic investments made over the past year are translating into tangible operational benefits. The commissioning of Kocks Block and a new reheating furnace in the last financial year has bolstered manufacturing capabilities, enhancing product quality and efficiency while expanding finished rolling capacity to 2.7 Lacs MTPA. Furthermore, the solar power plant is supporting long-term sustainability goals by lowering energy costs.
Looking ahead, management highlighted a focus on executing the long-term growth strategy. This includes the development of a 5 Lacs MTPA Greenfield special steel facility and the forging and machining plant in collaboration with Aichi Steel Corporation.
VSSL Stock Price Movement
On Wednesday, shares of Vardhman Special Steels Limited climbed, settling at ₹306.9 after gaining 1.17% from the previous close. The stock saw strong intraday activity, trading within a range bounded by an intra-day low of ₹301.1 and a high of ₹325.85 amidst 1.64 million shares traded.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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