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Vardhman Special Steels Q1 FY27 results (Apr–Jun 2026) and concall

Capital Goods · Concall AI · Call held 23 Jul 2026

Vardhman Special Steels Limited reported a strong Q1 FY27 with a 12% YoY revenue increase to ₹486 crores and PAT more than doubling YoY to ₹41 crores. The company is progressing with its forging unit project with Aichi Steel and is diversifying into non-automotive steel. Despite current capacity constraints and rising input costs, management is optimistic about future profitability driven by cost reductions, higher volumes, and new projects.

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What they filed

Q1 FY27: revenue up 12.0%, net profit up 105.0% against the same quarter last year.

₹ Cr · quarterly
Line itemQ3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue427 428 434 432 431 +1%458 +7%486 +12%
EBITDA35 31 32 45 43 +23%46 +48%58 +81%
Net profit21 20 20 35 34 +62%34 +70%41 +105%
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.