Vardhman Special Steels Reports Q1 Growth; Announces Forging Business Entry with Aichi Partnership Aug 01, 2025
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.
Vardhman Special Steels Eliminates Debt, Expects Lower Finance Costs in Coming Quarters Jul 25, 2025
Vardhman Special Steels Revises Solar Power Agreements, Enhancing Efficiency and Financial Terms Jul 22, 2025
More news about Vardhman Special Steels
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.
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.