Vardhman Special Steels Q3 FY26 PAT Jumps 56.5% to ₹33.59 Crore
Vardhman Special Steels reported a 56.53% YoY increase in Q3 FY26 PAT to ₹33.59 crore on revenue of ₹430.54 crore. For 9M FY26, PAT grew 20.02% to ₹88.04 crore on revenue of ₹1,296.52 crore. The company approved a ₹475 crore investment for a steel forging and machining facility. A steel recycling initiative with Maruti Suzuki was launched.
The substantial PAT growth and the significant capital expenditure for a new facility indicate a strong positive outlook and potential for future revenue and profit enhancement.
The company reported significant year-on-year growth in Profit After Tax (PAT) for both the quarter and nine-month periods, alongside strategic investments and new initiatives like the recycling program.
Vardhman Special Steels Limited announced its unaudited financial results for the Third Quarter and Nine Months ended December 31, 2025, in a Board meeting held on January 20, 2026. For the quarter, the company reported sales volume of 55,141 tonnes, a 1.64% increase year-on-year. Revenue from Operations stood at ₹430.54 crore, a marginal 0.88% increase. EBITDA for the quarter surged by 34.28% to ₹56.47 crore, and Profit After Tax (PAT) increased by a significant 56.53% to ₹33.59 crore. Basic EPS for the quarter was ₹3.48.
For the nine months ended December 31, 2025, sales volume was 166,250 tonnes, a slight increase of 0.05% year-on-year. Revenue from Operations was ₹1,296.52 crore, a decrease of 2.98% due to lower prices. However, EBITDA for the nine months grew by 9.92% to ₹152.28 crore, and PAT rose by 20.02% to ₹88.04 crore. Basic EPS for the nine-month period was ₹9.63.
Mr. Sachit Jain, Chairman & Managing Director, commented that the company approved an investment of ₹475 crore to establish a steel forging and machining facility in Ludhiana, a move towards value-added automotive components. He also highlighted the launch of a closed-loop steel recycling initiative with Maruti Suzuki in October and the ongoing work on a new reheating furnace, expected to be commissioned by March 2026, increasing rolling capacity to 270,000 tons. An additional investment of ₹1.13 crore was made in Sone Solar Private Limited, maintaining a 26% stake.
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