Vardhman Special Steels Q2 FY27 PAT Surges 51.88% to ₹52.49 Crore
Vardhman Special Steels reported a strong Q2 FY27 with PAT up 51.88% to ₹52.49 crore and H1 FY27 PAT up 72.02% to ₹93.68 crore. Revenue from operations for Q2 FY27 increased by 38.81% to ₹600.05 crore. The company also marked a milestone with the foundation stone laid for a new forging facility in collaboration with Aichi Steel Corporation.
The substantial increase in financial performance metrics, especially PAT, and the announcement of a new forging facility indicate a positive impact on the company's growth trajectory and market position.
The company reported significant year-on-year growth in revenue, EBITDA, and PAT for both the quarter and half-year ended September 30, 2026. The management commentary also reflects optimism and strategic growth plans.
Vardhman Special Steels Limited (VSSL) announced its unaudited financial results for the second quarter and half-year ended September 30, 2026, following a Board meeting held on October 27, 2026. The company reported a significant increase in performance across key metrics.
For the quarter ended September 30, 2026, sales volume stood at 70,440 tonnes, a year-on-year (YoY) increase of 26.84% compared to 55,536 tonnes in Q2 FY26. Revenue from operations grew by 38.81% YoY to ₹600.05 crore from ₹432.27 crore in Q2 FY26. EBITDA (including other income) rose by 48.48% YoY to ₹83.86 crore. Profit After Tax (PAT) saw a substantial increase of 51.88% YoY, reaching ₹52.49 crore from ₹34.56 crore in Q2 FY26. Earnings Per Share (EPS) for the quarter was ₹5.43, up from ₹3.61 in the corresponding period last year.
For the half-year ended September 30, 2026, sales volume was 1,29,544 tonnes, a 16.59% increase from 1,11,109 tonnes in H1 FY26. Revenue from operations increased by 25.41% YoY to ₹1,086.06 crore from ₹865.97 crore in H1 FY26. EBITDA (including other income) grew by 58.80% YoY to ₹152.15 crore. PAT surged by 72.02% YoY to ₹93.68 crore from ₹54.46 crore in H1 FY26. EPS for the half-year stood at ₹9.69, compared to ₹6.04 in H1 FY26.
Commenting on the results, Mr. Sachit Jain, Chairman & Managing Director, highlighted the strong performance driven by healthy growth in sales volumes, revenue, and profitability, supported by robust customer demand, improved realisations, and better operating leverage. He also mentioned the laying of the foundation stone for a new forging facility in Ludhiana, developed in collaboration with Aichi Steel Corporation, as a key milestone for forward integration into higher-value forged components. The company remains focused on strengthening core operations, progressing with its greenfield special steel facility, and expanding its product portfolio into sectors like railways, oil & gas, and other industrial segments.
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