VSSL Vardhman Special Steels Q1 FY27 results (Apr–Jun 2026) and concall
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.
| Line item | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|
| Revenue | 427 | 428 | 434 | 432 | 431 +1% | 458 +7% | 486 +12% |
| EBITDA | 35 | 31 | 32 | 45 | 43 +23% | 46 +48% | 58 +81% |
| Net profit | 21 | 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.





