Vardhman Special Steels Announces Q2 & H1 FY26 Results; Repays Debt
Vardhman Special Steels announced Q2 & H1 FY26 results with revenue of ₹432.27 crore and ₹865.97 crore respectively. The company became debt-free after repaying borrowings and is expanding production capacity.
The financial results and debt repayment are significant, but the impact is moderate as it reflects ongoing operational improvements rather than a major strategic shift.
The announcement highlights positive financial results, debt repayment, and capacity expansion, indicating a positive outlook for the company.
* Vardhman Special Steels Limited (VSSL) announced its financial results for the quarter and half-year ended September 30, 2025. * Q2 FY26: Revenue ₹432.27 crore, EBITDA ₹56.48 crore, and PAT ₹34.56 crore. * EBITDA per ton was ₹10,170, driven by lower raw material costs and higher other income. * Sales volume for Q2 FY26 stood at 55,536 tons. * The company has fully repaid its long-term and short-term borrowings, resulting in a debt-free balance sheet. * Commercial utilization of the Kocks Block commenced during the quarter. * Capex for the new reheating furnace is progressing as planned and is expected to be commissioned in the second half of the financial year. * ₹150 crore out of ₹385 crore received from Aichi were utilized to repay short-term borrowings, with the balance amount temporarily parked in investments. * H1 FY26: Revenue from operations ₹865.97 crore and PAT ₹54.46 crore. * Volumes for H1 FY26 stood at 1,11,109 tonnes.
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Vardhman Special Steels Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Vardhman Special Steels Limited. Read the original for the full detail.