Vardhman Special Steels Reports Q4 FY26 Results Under Regulation 33
Vardhman Special Steels reported strong Q4 FY26 results with net profit after tax increasing 72.20% year-on-year to ₹33.98 crore, driven by revenue growth of 7.61% to ₹468.37 crore. For the full year FY26, the company achieved a 31.08% increase in net profit to ₹122.02 crore, with total income from operations reaching ₹1,796.78 crore. The Board recommended a dividend of ₹3.50 per share.
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Vardhman Special Steels Limited has published its audited financial results for the quarter and year ended March 31, 2026, pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on April 28, 2026.
Q4 FY26 Financial Performance
The fourth quarter demonstrated exceptional growth with net profit after tax increasing 72.20% year-on-year to ₹3,397.94 lakh (₹33.98 crore) from ₹1,973.21 lakh (₹19.73 crore) in Q4 FY25. Total income from operations for Q4 FY26 reached ₹46,837.21 lakh (₹468.37 crore) compared to ₹43,522.26 lakh (₹435.22 crore) in the corresponding quarter of the previous year, representing a 7.61% increase.
| Q4 Performance | Q4 FY26 (₹ lakh) | Q4 FY25 (₹ lakh) | Change (%) |
|---|---|---|---|
| Total Income from Operations | 46,837.21 | 43,522.26 | +7.61% |
| Net Profit Before Tax | 4,598.75 | 2,685.47 | +71.25% |
| Net Profit After Tax | 3,397.94 | 1,973.21 | +72.20% |
| Basic EPS (₹) | 3.52 | 2.42 | +45.45% |
FY26 Annual Performance
The company delivered robust annual performance with significant improvements across key financial metrics. Total income from operations for FY26 stood at ₹179,677.91 lakh (₹1,796.78 crore) compared to ₹179,352.31 lakh (₹1,793.52 crore) in the previous year. Net profit for the year increased 31.08% to ₹12,202.39 lakh (₹122.02 crore) from ₹9,308.81 lakh (₹93.09 crore) in FY25.
| Financial Metric | FY26 (₹ lakh) | FY25 (₹ lakh) | Change (%) |
|---|---|---|---|
| Total Income from Operations | 179,677.91 | 179,352.31 | +0.18% |
| Net Profit Before Tax | 16,404.94 | 12,506.06 | +31.17% |
| Net Profit After Tax | 12,202.39 | 9,308.81 | +31.08% |
| Paid-up Equity Capital | 9,668.57 | 8,173.33 | +18.31% |
| Basic EPS (₹) | 13.15 | 11.40 | +15.35% |
Share Capital and Reserves
The company's paid-up equity capital stood at ₹9,668.57 lakh (₹96.69 crore) as of March 31, 2026, compared to ₹8,173.33 lakh (₹81.73 crore) in the previous year, reflecting an 18.31% increase. Other equity reserves increased significantly to ₹118,063.41 lakh (₹1,180.63 crore) from ₹71,618.49 lakh (₹716.18 crore) in FY25, demonstrating strong retained earnings growth. The Board recommended a dividend of ₹3.50 per share on fully paid-up equity shares, subject to approval at the Annual General Meeting.
Source: None/Company/INE050M01012/a7801294b9794672.pdf
Historical Stock Returns for Vardhman Special Steels
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.21% | +2.44% | +27.34% | -5.74% | +12.20% | +173.01% |
What strategic initiatives or operational improvements drove the 72% surge in Q4 net profit, and can this momentum be sustained in FY27?
How will the significant 18% increase in paid-up equity capital be utilized for future expansion or capacity enhancement projects?
What impact might current steel industry trends and government infrastructure spending have on Vardhman's revenue growth trajectory?
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