| Revenue growth | +38.81% YoY Q2; +25.41% H1 FY27 |
|---|---|
| Margins | EBITDA/t ₹11,346 Q2 vs ₹11,053 H1; flattered by one-offs |
| Demand visibility | Healthy customer demand cited; no forward volume numbers |
| Management confidence | Confident of resilient, long-term value creation; no quantified guidance |
Growth
Volume +26.8% to 70,440 t; revenue +38.8% on realisations, GST refund and cheaper inventory benefit.
Outlook
Forging Line 1 (₹475 Cr) commissioning Q3 FY28; 500–600k TPA greenfield plant FY30; forging EBITDA 15–20% guided.
Risks
Q2 aided by one-offs (GST refund, cheaper inventory); borrowings rose to ₹163 Cr; ~100% automotive exposure.
Investor Presentation filed with BSE, NSE: VSSL. Summary written with AI assistance from the document.
Vardhman Special Steels Ltd: key numbers
- Share price
- ₹328.70
- Market cap
- ₹3,181 Cr
- Revenue (annual)
- ₹1,754 Cr
- Net profit (annual)
- ₹122.0 Cr
- P/E (TTM)
- 19.7×Sector 16.7×
- Promoter holding
- 51.18%+0.12% QoQ
- FII holding
- 0.58%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Vardhman Special Steels Ltd
All →Vardhman Special Steels Earnings Call Transcript: Key Takeaways
Strong quarterly performance driven by robust demand and operational efficiencies, though management warns current high EBITDA levels are unsustainable.
Vardhman Special Steels Results Update
Vardhman Special Steels posted H1 FY27 revenue of ₹1,086.06 Crore and PAT of ₹93.68 Crore. Q2 profit rose 51.88% year on year.
Vardhman Special Steels Management Change
Vardhman Special Steels appointed Mr. Iwao Shimamoto as Non-Executive Non-Independent Director effective 27 October 2026. The board move follows the May 2025 Share Subscription Agreement with Aichi Steel Corporation.
Vardhman Special Steels Q2 FY27 Results: Net Profit ₹52.5 Cr, Up 51.7% YoY
Vardhman Special Steels Ltd reported revenue from operations of ₹600.1 Cr (+38.8% YoY) and net profit of ₹52.5 Cr (+51.7% YoY) for Q2 FY27.
- Key figure
- Net profit ₹52.5 Cr · +51.7% YoY
Vardhman Special Steels Board Meeting Date
Vardhman Special Steels Limited scheduled a board meeting on October 27, 2026. The board will consider and approve un-audited financial results for the quarter ended September 30, 2026.
Vardhman Special Steels Other Announcement
Vardhman Special Steels Ltd has submitted its quarterly shareholding pattern for the period ended September 30, 2026, as required under SEBI regulations.