Vardhman Special Steels Ltd
Please find enclosed herewith Media Release for the Q1 & FY27 results.
RESULTS
▲ Positive Development
LOW RISK
📅 Filed on BSE: 22 Jul 2026, 04:59 PM IST · BSE ID: aff03656-7417-4497-9ff9-c72cb325fca5
View Original BSE Filing (PDF)
💡
In Simple Terms
Vardhman Special Steels reported higher quarterly profits and revenues, driven by increased sales volumes and better operational efficiency.
🤖 AI Summary
- Vardhman Special Steels' Q1 FY27 PAT increased by 107.01% to Rs. 41.19 Crore.
- Revenue from Operations for Q1 FY27 stood at Rs. 486.01 Crore, a 12.06% year-on-year increase.
- Sales Volume for the quarter ended June 30, 2026, was 59,103 tonnes, up 6.35% YoY.
- EBITDA including other income for Q1 FY27 was Rs. 68.29 Crore, increasing by 73.63% YoY.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Sales Volume (tonnes)
59,103
6.35%
Revenue from Operations
Rs. 486.01 Crore
12.06%
EBITDA*
Rs. 68.29 Crore
73.63%
PAT
Rs. 41.19 Crore
107.01%
Basic EPS (Rs.)
4.26
75.31%
🏢 How This Affects the Company
The company's higher sales volumes of 59,103 tonnes and improved realizations indicate strengthened demand across key customer segments, expanding its market position.
Net profit increased to Rs. 41.19 Crore, significantly improving earnings. Higher EBITDA of Rs. 68.29 Crore and lower interest costs contributed to this financial performance.
Commissioning of Kocks Block, new reheating furnace, and solar power plant enhanced manufacturing capabilities, improved product quality, and contributed to lower energy costs.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required by shareholders based on this financial results disclosure.
👤
Who Is Affected
All shareholders are affected by the company's Q1 FY27 financial performance, which shows a significant increase in PAT to Rs. 41.19 Crore and basic EPS to Rs. 4.26.
🔍
Management Signal
Management indicates a focus on continued execution of long-term growth strategies, including the development of new facilities and operational excellence.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Q2 FY27 results — monitor sustained growth in sales volume and profitability.
Updates on Greenfield special steel facility and Aichi Steel collaboration.
Progress on operational efficiencies and cost savings from solar power.
LOW RISK
The filing indicates strong financial performance and operational improvements.
💡 Investor Takeaway
Vardhman Special Steels reported Q1 FY27 PAT of Rs. 41.19 Crore, a 107.01% increase from Q1 FY26. Revenue from Operations grew 12.06% to Rs. 486.01 Crore, with sales volume at 59,103 tonnes, confirming operational improvements and demand.
⚖️ Strengths & Concerns
✅ Positives
- Q1 FY27 PAT surged 107.01% to Rs. 41.19 Crore, driven by higher EBITDA and a decrease in interest cost.
- Revenue from Operations increased 12.06% to Rs. 486.01 Crore, supported by a 6.35% rise in sales volume to 59,103 tonnes.
📅 Company Track Record
In FY26, Vardhman Special Steels' PAT surged 31.08% to Rs. 122.02 Crore, and a dividend of Rs. 3.50 per share was approved. The company also made a new 270,000 MT capacity operational in the last financial year.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What was Vardhman Special Steels' net profit in Q1 FY27?
Vardhman Special Steels reported a Net Profit (PAT) of Rs. 41.19 Crore in Q1 FY27, which is a 107.01% increase compared to Q1 FY26.
What was the Revenue from Operations for Vardhman Special Steels in Q1 FY27?
The Revenue from Operations for Vardhman Special Steels in Q1 FY27 was Rs. 486.01 Crore, marking a 12.06% increase from Rs. 433.70 Crore in Q1 FY26.
What were the sales volumes for Vardhman Special Steels in Q1 FY27?
Sales volumes for Vardhman Special Steels in Q1 FY27 stood at 59,103 tonnes, an increase of 6.35% compared to 55,574 tonnes in Q1 FY26.
What was the EBITDA for Vardhman Special Steels in Q1 FY27?
Vardhman Special Steels recorded an EBITDA (including other income) of Rs. 68.29 Crore in Q1 FY27, reflecting a 73.63% increase from Rs. 39.33 Crore in Q1 FY26.
Questions based on this BSE filing only. For information purposes.