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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
Vardhman Special Steels Ltd

Vardhman Special Steels Q2 FY27 Net Profit up 51.88% to Rs. 52.49 crore

RESULTS ▲ Positive Development LOW RISK
📅 Filed on BSE: 27 Oct 2026, 05:55 PM IST  ·  BSE ID: 3711d965-333b-44cd-af6b-415a1923f602
View Original BSE Filing (PDF)
💡
In Simple Terms
Vardhman Special Steels saw its Q2 FY27 profit jump by over 51% to Rs. 52.49 crore, driven by increased sales.
🤖 AI Summary
  • Vardhman Special Steels reported Q2 FY27 Net Profit of Rs. 52.49 crore, a 51.88% year-on-year increase.
  • Revenue from Operations for Q2 FY27 reached Rs. 600.05 crore, up 38.81% from Q2 FY26.
  • Sales volume in Q2 FY27 was 70,601 tonnes, an increase of 27.13% compared to Q2 FY26.
  • EBITDA including other income for Q2 FY27 stood at Rs. 83.86 crore, a 48.48% rise year-on-year.
  • Half-year (H1 FY27) Net Profit increased 72.02% to Rs. 93.68 crore, with Revenue at Rs. 1,086.06 crore.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Sales Volume (tonnes) Q2 FY27
70,601 tonnes
27.13%
Revenue from Operations Q2 FY27
Rs. 600.05 crore
38.81%
EBITDA* Q2 FY27
Rs. 83.86 crore
48.48%
PAT Q2 FY27
Rs. 52.49 crore
51.88%
Basic EPS (Rs.) Q2 FY27
Rs. 5.43
50.42%
Sales Volume (tonnes) H1 FY27
1,29,704 tonnes
16.74%
Revenue from Operations H1 FY27
Rs. 1,086.06 crore
25.41%
EBITDA* H1 FY27
Rs. 152.15 crore
58.80%
PAT H1 FY27
Rs. 93.68 crore
72.02%
Basic EPS (Rs.) H1 FY27
Rs. 9.69
60.43%
🏢 How This Affects the Company
📈
Business Impact
The company recorded strong growth in sales volume and revenue, driven by increased customer demand and higher realizations, indicating robust market position and demand for its special steel products.
💰
Financial Impact
Significant year-on-year increases in Net Profit (51.88% for Q2, 72.02% for H1) and EBITDA (48.48% for Q2, 58.80% for H1) point to improved profitability and operational efficiency. Basic EPS also increased to Rs. 5.43 for Q2 FY27 and Rs. 9.69 for H1 FY27.
⚙️
Operational Impact
Higher production volumes and benefits from last year’s capex on the Kocks Block and reheating furnace contributed to performance, while plans for a new forging facility indicate forward integration and expanded value-added offerings.
👥 What This Means For Shareholders
✅
Action Required
No action required from shareholders based on this financial results filing.
👤
Who Is Affected
All existing shareholders are affected by the improved financial performance, reflected in increased Basic EPS of Rs. 5.43 for Q2 FY27 and Rs. 9.69 for H1 FY27.
🔍
Management Signal
Management is focused on expanding value-added product portfolios, diversifying into new sectors like railways and oil & gas, and strengthening core operations through strategic capex.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List — track these upcoming events
Q3 FY27 financial results — check for sustained growth in revenue and profit margins.
Updates on the upcoming forging facility — progress and commissioning timeline.
Details on diversification into new sectors — look for specific order wins or partnerships.
LOW RISK The filing indicates strong financial performance and strategic initiatives with no immediate operational or financial risks highlighted.
💡 Investor Takeaway
Vardhman Special Steels reported Q2 FY27 Net Profit of Rs. 52.49 crore, up 51.88% year-on-year from Rs. 34.56 crore in Q2 FY26. Revenue from Operations increased 38.81% to Rs. 600.05 crore, driven by 27.13% higher sales volumes of 70,601 tonnes.
⚖️ Strengths & Concerns

✅ Positives

  • Q2 FY27 Net Profit increased by 51.88% to Rs. 52.49 crore, demonstrating significant profitability growth.
  • H1 FY27 Revenue from Operations grew by 25.41% to Rs. 1,086.06 crore, supported by a 16.74% volume increase.
📅 Company Track Record
Vardhman Special Steels reported Q1 FY27 PAT increased by 107.01% to Rs. 41.19 crore. This follows previous strong financial results, indicating a sustained growth trend. The company was incorporated in May 2010 and vested with the steel business undertaking of Vardhman Textiles Limited in 2011.

Based on publicly available historical data. For context only.

❓ Frequently Asked Questions
What was Vardhman Special Steels' net profit in Q2 FY27?
Vardhman Special Steels' Net Profit for Q2 FY27 was Rs. 52.49 crore, an increase of 51.88% compared to Rs. 34.56 crore in Q2 FY26.
What was Vardhman Special Steels' revenue from operations in Q2 FY27?
Revenue from Operations for Vardhman Special Steels in Q2 FY27 stood at Rs. 600.05 crore, a 38.81% increase from Rs. 432.27 crore in Q2 FY26.
What was the sales volume for Vardhman Special Steels in Q2 FY27?
The sales volume for Vardhman Special Steels in Q2 FY27 was 70,601 tonnes, marking a 27.13% increase from 55,536 tonnes in Q2 FY26.
What was Vardhman Special Steels' EBITDA in H1 FY27?
Vardhman Special Steels' EBITDA (including other income) for H1 FY27 was Rs. 152.15 crore, representing a 58.80% increase from Rs. 95.81 crore in H1 FY26.

Questions based on this BSE filing only. For information purposes.

⚠️ For Information Only — Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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