Vardhman Special Steels Eliminates Debt, Expects Lower Finance Costs in Coming Quarters 3 days ago
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.
Vardhman Special Steels Announces ₹2,000 Crore Expansion, Reports Q1 FY26 Results 3 days ago
Vardhman Special Steels Reports Q1 Revenue Growth Amid Profit Decline 4 days ago
Vardhman Special Steels Revises Solar Power Agreements, Enhancing Efficiency and Financial Terms 7 days ago
Vardhman Special Steels Approves ₹384.90 Crore Preferential Share Issuance Jun 03, 2025
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.