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Latest news about Vardhman Special Steels

Vardhman Special Steels Reports 16% EBITDA Growth Despite Volume Decline in Q2 FY26 2 days ago

Vardhman Special Steels Limited (VSSL) reported mixed Q2 FY26 results. Despite a 12.64% revenue decline to Rs. 432.00 crores and a 5.93% drop in sales volume to 55,500 tons, EBITDA grew 16.67% to Rs. 56.00 crores. EBITDA per ton increased 22.92% to Rs. 10,000. PAT rose 32.69% to Rs. 34.50 crores. The company renewed its technical agreement with Aichi Steel, commissioned the Kocks Block, and plans to increase rolling capacity to 2,70,000 tons. VSSL initiated a circular economy project with Maruti Suzuki and focuses on green steel production. Management expects FY27 volumes to reach 2,45,000 tons and maintains an EBITDA guidance of Rs. 8,000-11,000 per ton for the next financial year.

Vardhman Special Steels Reports No Deviation in Rs 3,849 Crore Preferential Issue Fund Utilization 3 days ago

Vardhman Special Steels Unveils Ambitious EBITDA and Production Targets Through FY28 4 days ago

Vardhman Special Steels Boosts Investment in Sone Solar with Additional Rs 1.13 Crore 9 days ago

Vardhman Special Steels Expands Solar Investment with Additional 11.35 Million Rupees in Sone Solar 9 days ago

More news about Vardhman Special Steels

29Oct 25

Vardhman Special Steels Unveils Strategic Expansion and Export Growth Plans

Vardhman Special Steels Limited (VSSL) has revealed plans for capacity expansion and operational efficiency improvements. The company aims to establish long-term partnerships with OEMs to boost export growth and strengthen EBITDA margins. VSSL's strategy includes increasing production capacity, enhancing operational efficiency, and focusing on export growth through OEM partnerships. The company recently submitted an investor presentation on its financial results for the quarter and half-year ended September 30.

28Oct 25

VSSL Reports Q2 Volume Decline, Achieves Debt-Free Status

Vardhman Special Steels Limited (VSSL) reported mixed Q2 results with a 12.64% YoY decrease in revenue to Rs. 432.27 crore due to lower sales volume. However, EBITDA increased by 16.58% to Rs. 56.48 crore, and PAT rose by 33.86% to Rs. 34.56 crore. The company achieved debt-free status by clearing all long-term and short-term debts. VSSL commenced commercial utilization of the Kocks Block, expanding its product range. The company received a Rs. 385 crore investment from Aichi Steel Corporation, strengthening its liquidity position.

28Oct 25

Vardhman Special Steels Reports Higher Q2 Profitability Despite Revenue Dip

Vardhman Special Steels Limited (VSSL) announced Q2 FY2026 results with improved profitability despite revenue decline. Revenue decreased 13.13% YoY to ₹4,300.00 crore, while EBITDA increased 15.65% to ₹453.00 crore. EBITDA margin expanded from 7.91% to 10.53%. Net profit surged 34.11% to ₹346.00 crore. The company approved 'Vardhman Special Steels Limited Employee Stock Option Plan 2025', subject to shareholder approval.

25Sept 25

Vardhman Special Steels Shareholders Approve All Resolutions, Appoint New Directors

Vardhman Special Steels Limited held its 15th Annual General Meeting with 80.3% shareholder participation. All ten resolutions were approved, including financial statement adoption, dividend declaration, director appointments, and fund allocation. Significant board changes include Mr. Sachit Jain's appointment as Chairman & Managing Director and the addition of two new Independent Directors, Mr. Dinkar Gupta and Mr. Nishant Arya, bringing expertise in security and sustainable technologies.

25Sept 25

Vardhman Special Steels Announces Leadership Changes and Board Appointments

Vardhman Special Steels Limited has made significant changes to its leadership structure. Sachit Jain has been designated as Chairman & Managing Director, effective September 25, 2025. The company has also appointed Mr. Dinkar Gupta and Mr. Nishant Arya as Independent Directors for a five-year term, subject to shareholder approval. Mr. Gupta brings extensive experience in national security, while Mr. Arya is a business leader with expertise in various sectors including Electric Vehicles and Renewable Energy.

24Sept 25

Vardhman Special Steels Appoints Koichiro Hayashida as Non-Executive Director

Vardhman Special Steels Limited appointed Mr. Koichiro Hayashida as a Non-Executive Non-Independent Director, effective July 4, 2025. The appointment was approved at the 15th Annual General Meeting (AGM) on September 24, 2025. Mr. Rajeev Gupta and Mr. Sanjoy Bhattacharyya stepped down from the board. The AGM also approved a dividend of Rs. 3.00 per equity share, re-appointed two directors, ratified cost auditor remuneration, appointed secretarial auditors, and approved interim use of funds from preferential allotment.

01Aug 25

Vardhman Special Steels Reports Q1 Growth; Announces Forging Business Entry with Aichi Partnership

Vardhman Special Steels Limited (VSSL) reported a 10% year-over-year increase in sales volume, reaching 55,500 tons in Q1. Revenue grew by 5% to INR433.00 crores. However, profit margins faced pressure due to competition and inventory valuation loss. EBITDA per ton was INR7,077.00, while PAT decreased by 23% to INR20.00 crores. VSSL commissioned its Kocks Block equipment and became debt-free following Aichi Steel Corporation's increased stake. The company plans to enter the forging business, focusing on specialized automotive products. VSSL maintains its annual sales target of 225,000 tons and plans a INR2,000.00 crore greenfield steel plant by 2029. The company emphasizes its commitment to green steel production with a low carbon footprint.

25Jul 25

Vardhman Special Steels Eliminates Debt, Expects Lower Finance Costs in Coming Quarters

Vardhman Special Steels Limited (VSSL) has repaid all long-term and short-term loans, expecting reduced finance costs in future quarters. Q1 FY26 results show 4.56% revenue growth to Rs. 43,369.85 lakhs, but EBITDA and net profit declined. Sales volume increased by 10.49% to 55,574 tonnes. The company has commissioned the Kocks Block, progressing on reheating furnace capex, and strengthened partnership with Aichi Steel Corporation, which increased its stake to 24.9%. Discussions for a new forging facility have begun with ASC.

25Jul 25

Vardhman Special Steels Announces ₹2,000 Crore Expansion, Reports Q1 FY26 Results

Vardhman Special Steels Limited (VSSL) has revealed a ₹2,000 crore greenfield expansion project to establish a new steel plant in Punjab, aiming for 5 lakh tonnes per annum billet production by FY30. Aichi Steel Corporation increased its stake in VSSL to 24.9%. Q1 FY26 results show revenue growth of 4.56% to ₹433.70 crore, despite a 23.71% decrease in net profit to ₹19.90 crore. Sales volume increased by 10.49% to 55,574 tonnes. The company successfully commissioned the Kocks Block and is proceeding with capex for a reheating furnace.

25Jul 25

Vardhman Special Steels Reports Q1 Revenue Growth Amid Profit Decline

Vardhman Special Steels Limited reported a 4.56% year-on-year increase in revenue from operations to Rs 43,369.85 lakhs in Q1. However, net profit declined by 23.71% to Rs 1,989.51 lakhs. The company's EPS decreased to Rs 2.43 from Rs 3.20. Vardhman received government incentives of Rs 671.30 lakhs under the Industrial and Business Development Policy 2017. In a strategic move, Aichi Steel Corporation increased its shareholding to 24.90% through a preferential allotment, investing Rs 384.91 crore.

22Jul 25

Vardhman Special Steels Revises Solar Power Agreements, Enhancing Efficiency and Financial Terms

Vardhman Special Steels Limited (VSSL) has amended its solar power project agreements with ASG HOLDCO BETA PTE. LTD. and Sone Solar Private Limited, effective April 1, 2025. The changes include a dividend recovery mechanism through power tariff adjustments and increased energy targets due to more efficient solar panels. The revised share valuation terms ensure fair valuation during Call or Put Option exercises. VSSL also scheduled a Board meeting for July 25, 2025, to approve Q2 2025 financial results.

03Jun 25

Vardhman Special Steels Approves ₹384.90 Crore Preferential Share Issuance

Vardhman Special Steels' board has approved a preferential share issuance at ₹260.60 per share, raising a total of ₹384.90 crore. This move will significantly boost the company's capital base, potentially funding expansion plans and upgrades. While it signals investor confidence, it will also lead to some dilution of existing shareholdings.

23Apr 25

Vardhman Special Steels: Shares Surge 20% on New Greenfield Plant Announcement

Vardhman Special Steels Limited (VSSL) has announced plans to construct a new greenfield steel plant in Punjab for special and alloy steel production. The project, with a 500,000 MT annual capacity, is estimated to cost Rs. 2,000 crore and is expected to be operational by FY 2029-30. This announcement comes alongside VSSL's Q4 results, which showed a 3% drop in revenue and 40% decline in net profit year-on-year. Despite these results, VSSL's shares hit a 20% upper circuit following the expansion news.

22Apr 25

Vardhman Special Steels Unveils Ambitious Green Steel Plant Expansion in Punjab

Vardhman Special Steels Limited (VSSL) has approved the construction of a new green steel plant in Punjab, set to increase billet production capacity by 500,000 MT. The 2,000 crore rupee project, expected to be completed by FY 2029-30, aims to address future capacity shortages and meet emerging market trends. VSSL reported a revenue of 176,440.83 lakh rupees and a net profit of 9,308.81 lakh rupees for FY 2025. The company also announced a 3 rupee per share dividend and entered into agreements for sustainable energy initiatives.

22Apr 25

Vardhman Special Steels Reports Q4 FY23 Results and Announces Dividend

Vardhman Special Steels has reported a significant decline in its Q4 FY23 financial results. Revenue decreased by 2.05% to ₹430.00 crore, while net profit fell by 39.94% to ₹19.70 crore. EBITDA dropped by 35.71% to ₹31.40 crore, with the EBITDA margin contracting to 7.34%. Despite the challenging quarter, the company announced a dividend of ₹3.00 per share.