Vardhman Special Steels FY26 PAT Rises 31% to ₹122 Crore; Recommends ₹3.50 Dividend
Vardhman Special Steels reported FY26 PAT of ₹122.02 crore, up 31.08% YoY. Revenue stood at ₹1,754.43 crore. Q4 FY26 PAT surged 72.20% to ₹33.98 crore on revenue of ₹457.92 crore. The company recommended a dividend of ₹3.50 per share. FY26 volumes were 2,25,620 MT.
The announcement includes key financial results, a dividend recommendation, and strategic operational updates like capacity expansion and new facility commissioning, which are material information for investors.
The company reported significant year-on-year growth in PAT for both the full year and the fourth quarter, along with an increase in EBITDA and sales volumes. The recommended dividend also adds to the positive sentiment.
Vardhman Special Steels Limited (VSSL) announced its audited financial results for the fourth quarter and full financial year ended March 31, 2026. The company reported a Profit After Tax (PAT) of ₹122.02 crore for FY26, marking a significant increase of 31.08% compared to ₹93.09 crore in FY25. Revenue from Operations for FY26 stood at ₹1,754.43 crore, a slight decrease of 0.57% from ₹1,764.41 crore in FY25, primarily attributed to lower prices.
EBITDA for FY26 (including other income) rose by 17.87% to ₹208.82 crore from ₹177.16 crore in FY25. The EBITDA per ton for the full year was ₹9,255. Excluding non-operational income, the EBITDA per ton was ₹8,598.
For the fourth quarter ended March 31, 2026, VSSL reported a PAT of ₹33.98 crore, a substantial increase of 72.20% from ₹19.73 crore in Q4 FY25. Revenue from Operations for the quarter was ₹457.92 crore, up 6.98% from ₹428.04 crore in Q4 FY25, driven by higher sales volumes. EBITDA for Q4 FY26 increased by 46.40% to ₹56.54 crore from ₹38.62 crore in Q4 FY25.
The company's sales volume for FY26 reached 2,25,620 metric tonnes (MT), a 2.56% increase from 2,19,996 MT in FY25. For Q4 FY26, the sales volume stood at 59,370 tonnes, up 10.28% from 53,834 tonnes in the same period last year.
The Board of Directors has recommended a dividend of ₹3.50 per equity share, subject to approval at the Annual General Meeting. The company also highlighted the commissioning of its Kocks Block, a solar power plant, and a new reheating furnace, which will increase its capacity to 270,000 tonnes. Management expressed optimism about the company's stronger operational base and pathway for sustainable growth.
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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 high impact, which is the band that most often changes something.
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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.