Vardhman Special Steels Q3 FY26: PAT Jumps 56.53% to ₹33.59 Crore; Approves ₹475 Cr Forging Facility
Vardhman Special Steels reported a 56.53% YoY increase in Q3 FY26 PAT to ₹33.59 crore on revenues of ₹430.54 crore. The company approved a ₹475 crore investment for a new steel forging and machining facility in Ludhiana. A steel recycling initiative with Maruti Suzuki was launched, and a new reheating furnace is expected by March 2026.
The ₹475 crore investment in a new forging and machining facility is a substantial capital expenditure that will significantly impact the company's future revenue streams and market positioning.
The company reported strong PAT growth and announced a significant investment in a new facility, indicating positive future prospects and strategic expansion.
Vardhman Special Steels Limited has reported a steady performance for the third quarter and nine months ended December 31, 2025 (Q3 FY26 and 9M FY26). The company's Profit After Tax (PAT) for Q3 FY26 surged by 56.53% year-on-year to ₹33.59 crore, compared to ₹21.46 crore in the previous year. Total revenue for the quarter stood at ₹430.54 crore, with EBITDA at ₹56.47 crore.
During the quarter, the Board of Directors approved a significant investment of ₹475 crore to establish a new steel forging and machining facility in Ludhiana. This move represents a strategic forward integration into value-added automotive components, supported by a technical collaboration with Aichi Steel Corporation. The facility is expected to enhance quality consistency and supply reliability for automotive OEMs.
In line with its commitment to sustainability, Vardhman Special Steels launched a closed-loop steel recycling initiative with Maruti Suzuki in October. Furthermore, the company invested an additional ₹1.13 crore in Sone Solar Private Limited, increasing its total investment to ₹12.46 crore and maintaining a 26% stake, aiming to reduce power costs.
The company's new reheating furnace is on track for commissioning by March 2026, which will increase its Rolling capacity to 270,000 tons. For the nine months ended December 31, 2025, PAT grew by 20.02% to ₹88.04 crore, while revenue saw a slight decrease of 2.98% to ₹1,296.52 crore, primarily due to a decline in prices.
Vardhman Special Steels continues to focus on enhancing operational efficiencies, expanding capacity, and driving sustainable and profitable growth with a minimal carbon footprint.
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