Vardhman Special Steels Q1FY27 Profit Up 107% to ₹411.86 Crore
Vardhman Special Steels reported a Q1FY27 profit after tax of ₹41.19 crore, a 107% increase from ₹19.90 crore in Q1FY26. Total income rose to ₹495.86 crore from ₹441.20 crore. EPS stood at ₹4.26. The company also recognized ₹3.80 crore in incentives under a state government policy.
The substantial increase in profit and revenue, coupled with positive earnings per share, is a material development that is likely to positively influence investor sentiment and the company's stock performance.
The company has reported a significant year-on-year growth in profit and total income, along with improved EPS, indicating strong financial performance.
Vardhman Special Steels Limited announced its unaudited financial results for the quarter ended June 30, 2026. The Board of Directors approved these results in a meeting held on July 22, 2026, which commenced at 10:30 a.m. and concluded at 01:55 p.m.
For the quarter ended June 30, 2026, the company reported a total income of ₹49,586.41 lakhs (₹495.86 crore), a significant increase from ₹44,119.59 lakhs (₹441.20 crore) in the corresponding quarter of the previous year. Expenses for the quarter were ₹44,046.34 lakhs (₹440.46 crore), compared to ₹41,442.77 lakhs (₹414.43 crore) in Q1FY26.
Profit before tax for the quarter stood at ₹5,540.07 lakhs (₹55.40 crore), a substantial rise from ₹2,676.82 lakhs (₹26.77 crore) in the prior year's quarter. After accounting for tax expenses of ₹1,230.21 lakhs (₹12.30 crore) for current tax and ₹191.29 lakhs (₹1.91 crore) for deferred tax, the profit after tax for the quarter was ₹4,118.57 lakhs (₹41.19 crore). This represents a significant year-on-year increase of approximately 107% from ₹1,989.51 lakhs (₹19.90 crore) in the quarter ended June 30, 2025.
Total comprehensive income for the quarter was ₹4,125.96 lakhs (₹41.26 crore), up from ₹1,981.68 lakhs (₹19.82 crore) in the same period last year. Earnings per share (EPS) for the quarter were ₹4.26 basic and ₹4.25 diluted, compared to ₹2.43 for both basic and diluted in Q1FY26.
Note 1 in the financial results highlights incentives received under the Industrial and Business Development Policy 2017 of the State Government for an expansion cum upgradation project. These incentives, related to Electricity Duty, Infrastructure Development Cess, property tax, and GST refund, contributed to the 'Other income'. The company recorded ₹380.17 lakhs (₹3.80 crore) in the current quarter from these incentives.
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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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