VSSL Reports Q2/H1 FY26 Unaudited Results, Approves Preferential Allotment & Dividend
Vardhman Special Steels Ltd. reported Q2/H1 FY26 unaudited results with increased quarterly PAT. Key events include a ₹38,490.88 lakh preferential allotment to Aichi Steel and a ₹3 per share dividend.
The announcement includes Q2/H1 financial results, a substantial preferential allotment of equity shares leading to a significant capital inflow and increased foreign investment, and a dividend payment. These are material events impacting the company's financials, capital structure, and shareholder returns.
Profit after tax for the quarter increased significantly despite a decline in revenue. The successful preferential allotment to Aichi Steel Corporation brought substantial capital and strengthened strategic partnership, while a dividend of ₹3 per share was approved and disbursed, indicating positive shareholder returns.
* Vardhman Special Steels Limited's Board of Directors, in a meeting held on October 28, 2025, approved the unaudited financial results for the quarter and half-year ended September 30, 2025. * For the quarter ended September 30, 2025: * Revenue from operations stood at ₹43,227.43 lakhs, a decrease from ₹49,481.65 lakhs in the prior year quarter. * Profit after tax (PAT) significantly increased to ₹3,456.35 lakhs from ₹2,582.11 lakhs in the quarter ended September 30, 2024. * Basic Earnings Per Share (EPS) for the quarter was ₹3.61, up from ₹3.17. * For the half-year ended September 30, 2025: * Revenue from operations was ₹86,597.28 lakhs, compared to ₹90,959.64 lakhs in the previous half-year. * PAT for the half-year was ₹5,445.86 lakhs, a slight increase from ₹5,189.93 lakhs. * The company received incentives of ₹714.80 lakhs in the current quarter and ₹1,386.10 lakhs for the half-year under the Industrial and Business Development Policy 2017, recognized as "Other income". * Shareholders, in an Extra-Ordinary General Meeting held on June 25, 2025, approved the preferential allotment of 14,770,100 fully paid-up equity shares at ₹260.60 per share to Aichi Steel Corporation (ASC). The aggregate subscription amount of ₹38,490.88 lakhs was received from ASC on July 4, 2025, increasing ASC's shareholding from 11.33% to 24.90%. * The investment in Sone Solar Private Limited is no longer classified as an associate as of April 1, 2025, as the company no longer has significant influence. Consequently, consolidated financials are not required. * Shareholders at the Annual General Meeting held on September 24, 2025, approved a dividend of ₹3 per fully paid equity share, totaling ₹2,895.11 lakhs, which was disbursed on September 25, 2025.
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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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