VSSL Vardhman Special Steels Q4 FY26 results (Jan–Mar 2026) and concall
Vardhman Special Steels Limited reported a record FY26 with its highest-ever volumes of 225,000 tons and profits of INR122 crores. The company is undertaking aggressive capacity expansion with new steel and forging plants, aiming for a total capacity of 900,000 tons and strategic diversification into non-automotive steels. Despite raw material price volatility, management expressed confidence in future growth and margin expansion, raising its EBITDA guidance for the coming years.
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What they filed
Q4 FY26: revenue up 7.0%, net profit up 70.0% against the same quarter last year.
| Line item | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|
| Revenue | 427 | 428 | 434 | 432 | 431 +1% | 458 +7% |
| EBITDA | 35 | 31 | 32 | 45 | 43 +23% | 46 +48% |
| Net profit | 21 | 20 | 20 | 35 | 34 +62% | 34 +70% |
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.
