VSSL Vardhman Special Steels Q1 FY26 results (Apr–Jun 2025) and concall
Vardhman Special Steels reported a 10% YoY volume growth to 55,500 tons and a 5% YoY revenue increase to ₹433 crores in Q1 FY26. Despite this, EBITDA per ton stood at ₹7,000, impacted by price pressure and a ₹6 crore inventory valuation loss, leading to a PAT of ₹20 crores. A significant development was the ₹385 crore equity infusion from Aichi, making the company debt-free and enabling the announcement of a new specialized forging business. Capex projects like the solar plant and reheating furnace faced minor delays.
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What they filed
| Line item | Q3 FY25 | Q4 FY25 | Q1 FY26 |
|---|---|---|---|
| Revenue | 427 | 428 | 434 |
| EBITDA | 35 | 31 | 32 |
| Net profit | 21 | 20 | 20 |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.
