| Revenue growth | Revenue up 39% YoY; operations aided by high demand and price hikes. |
|---|---|
| Margins | EBITDA/ton at peak range; expected to normalize toward ₹9,000-12,000 range. |
| Order book | Running at full capacity; prioritizing higher-margin clients for available volumes. |
| Demand visibility | Strong visibility in automotive; tractor segment showing signs of slight slowing. |
| Management confidence | Balanced; optimistic on demand but cautious regarding near-term margin sustainability. |
Growth
Revenue grew 39% and EBITDA rose 50% YoY, aided by price increases and lower job work costs.
Outlook
Projecting 260,000 tonnes sales for FY27; new plant completion targeted by September 2029.
Risks
Project execution risk for the new plant; potential margin contraction as transitory inventory gains subside.
Earnings Call Transcript filed with NSE, NSE: VSSL. Summary written with AI assistance from the document.
Vardhman Special Steels Ltd: key numbers
- Share price
- ₹328.55
- Market cap
- ₹3,180 Cr
- Revenue (annual)
- ₹1,754 Cr
- Net profit (annual)
- ₹122.0 Cr
- P/E (TTM)
- 19.7×Sector 16.7×
- Promoter holding
- 51.18%+0.12% QoQ
- FII holding
- 0.58%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Vardhman Special Steels Ltd
All →Vardhman Special Steels Investor Presentation: Key Takeaways
Q2 FY27 revenue ₹600.05 Cr (+38.8% YoY), PAT ₹52.49 Cr (+51.9%), EBITDA ₹83.86 Cr; H1 PAT +72%. Strategy: forging line (₹475 Cr) and ~₹2,600 Cr capex.
Vardhman Special Steels Results Update
Vardhman Special Steels posted H1 FY27 revenue of ₹1,086.06 Crore and PAT of ₹93.68 Crore. Q2 profit rose 51.88% year on year.
Vardhman Special Steels Management Change
Vardhman Special Steels appointed Mr. Iwao Shimamoto as Non-Executive Non-Independent Director effective 27 October 2026. The board move follows the May 2025 Share Subscription Agreement with Aichi Steel Corporation.
Vardhman Special Steels Q2 FY27 Results: Net Profit ₹52.5 Cr, Up 51.7% YoY
Vardhman Special Steels Ltd reported revenue from operations of ₹600.1 Cr (+38.8% YoY) and net profit of ₹52.5 Cr (+51.7% YoY) for Q2 FY27.
- Key figure
- Net profit ₹52.5 Cr · +51.7% YoY
Vardhman Special Steels Board Meeting Date
Vardhman Special Steels Limited scheduled a board meeting on October 27, 2026. The board will consider and approve un-audited financial results for the quarter ended September 30, 2026.
Vardhman Special Steels Other Announcement
Vardhman Special Steels Ltd has submitted its quarterly shareholding pattern for the period ended September 30, 2026, as required under SEBI regulations.