VSSL Vardhman Special Steels Q3 FY26 results (Oct–Dec 2025) and concall
Vardhman Special Steels Limited reported a strong Q3 FY26 with a 33.33% YoY increase in EBITDA to INR 56 crores, driven by higher volumes and operational efficiencies, despite marginal revenue growth due to price declines. The company announced a significant INR 475 crore forging project and renewed its technical partnership with Aichi. Strategic capex for a new steel plant and operational improvements are underway, with the solar power project set for imminent commissioning, though rising raw material prices pose a near-term concern.
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What they filed
Q3 FY26: revenue up 0.9%, net profit up 61.9% against the same quarter last year.
| Line item | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 |
|---|---|---|---|---|---|
| Revenue | 427 | 428 | 434 | 432 | 431 +1% |
| EBITDA | 35 | 31 | 32 | 45 | 43 +23% |
| Net profit | 21 | 20 | 20 | 35 | 34 +62% |
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.
