Vardhman Special Steels Ltd Quarterly Results: Standalone & Consolidated Reports

Quarterly Results

Results Snapshot

YoYQoQ

Figures in Cr

Consolidate Quarterly Results

Mar'25

Dec'24

Sep'24

Jun'24

Mar'24

Dec'23

Sep'23

Net Sales

428.04

426.77

494.82

414.78

439.41

397.40

415.19

Other Operating Income

0.00

Total Operating income

428.04

426.77

494.82

414.78

439.41

397.40

415.19

Raw Material Cost

220.40

305.26

265.62

302.40

277.29

234.36

247.53

Purchase of Finished goods

0.00

-1.15

2.56

(Increase) / Decrease In Stocks

49.43

-53.87

56.43

-62.74

-22.59

8.92

11.61

Employee Cost

26.47

25.21

26.50

25.21

27.72

24.11

22.28

Power Cost

39.06

47.56

46.32

44.43

43.65

39.74

42.39

Manufacturing Expenses

0.00

0.01

-0.01

0.00

Selling and Distribution Expenses

0.00

Other Expenses

61.25

67.52

60.78

63.13

64.51

58.17

57.70

Total Expenditure (Excl Depreciation)

396.61

391.69

455.66

372.42

390.58

364.15

384.07

Operating Profit (PBDIT) excl Other Income

31.43

35.08

39.16

42.36

48.83

33.25

31.12

Other Income

7.18

6.97

9.29

5.67

8.71

8.25

5.62

Operating Profit (PBDIT)

38.61

42.05

48.45

48.03

57.54

41.50

36.74

Interest

3.47

5.09

5.37

4.70

4.66

4.91

4.64

Exceptional Items

0.00

Gross Profit (PBDT)

35.14

36.96

43.08

43.33

52.88

36.59

32.10

Depreciation

8.29

8.49

8.40

8.29

8.99

7.43

7.31

Profit Before Tax

26.85

28.47

34.68

35.05

43.89

29.16

24.79

Tax

7.12

7.01

8.86

8.97

11.10

7.36

6.34

Provisions and contingencies

0.00

Profit After Tax

19.73

21.46

25.82

26.08

32.79

21.81

18.46

Extraordinary Items

0.00

Prior Period Expenses

0.00

Other Adjustments

0.00

Net Profit

19.73

21.46

25.82

26.08

32.79

21.81

18.46

Share in Profit of Associates

0.00

Minority Interest

0.00

Other related items

0.00

Consolidated Net Profit

19.73

21.46

25.82

26.08

32.79

21.81

18.46

Equity Capital

81.73

81.56

81.50

81.46

81.31

81.25

Face Value

10.0

Reserves

0.00

Earnings per share (EPS)

2.41

2.63

3.17

3.2

4.03

2.68

2.27

Diluted Earnings per share

2.41

2.62

3.15

3.18

3.98

2.66

2.26

Operating Profit Margin (Excl OI)

7.34%

8.22%

7.91%

10.21%

11.11%

8.37%

7.5%

Gross Profit Margin

8.21%

8.66%

8.71%

10.45%

12.03%

9.21%

7.73%

PAT Margin

4.61%

5.03%

5.22%

6.29%

7.46%

5.49%

4.45%

Public Share Holdings (%)

0.0%

Pledged Promotor Holding (%)

0.0%

Quarterly Analysis Highlights - QoQ

Net Sales

QoQ Growth in quarter ended Sep 2025 is -0.33% vs 1.32% in Jun 2025

Standalone Net Profit

QoQ Growth in quarter ended Sep 2025 is 73.67% vs 0.86% in Jun 2025

Operating Profit (PBDIT) excl Other Income

QoQ Growth in quarter ended Sep 2025 is 42.15% vs 1.30% in Jun 2025

Interest

QoQ Growth in quarter ended Sep 2025 is -46.63% vs 2.59% in Jun 2025

Operating Profit Margin (Excl OI)

QoQ Growth in quarter ended Sep 2025 has improved from Jun 2025

Compare Quarterly Results Of Vardhman Special With

Select Peers

Figures in Cr

Consolidate Quarterly Results

Change(INR)

Change(%)

Net Sales

428.04

580.17

-152.13

-26.22%

Other Operating Income

0.00

Total Operating income

428.04

580.17

-152.13

-26.22%

Raw Material Cost

220.40

440.82

-220.42

-50.00%

Purchase of Finished goods

0.00

0.64

-0.64

-100.00%

(Increase) / Decrease In Stocks

49.43

-22.98

72.41

315.10%

Employee Cost

26.47

34.81

-8.34

-23.96%

Power Cost

39.06

0.00

39.06

Manufacturing Expenses

0.00

Selling and Distribution Expenses

0.00

Other Expenses

61.25

66.65

-5.40

-8.10%

Total Expenditure (Excl Depreciation)

396.61

519.94

-123.33

-23.72%

Operating Profit (PBDIT) excl Other Income

31.43

60.23

-28.80

-47.82%

Other Income

7.18

1.07

6.11

571.03%

Operating Profit (PBDIT)

38.61

61.30

-22.69

-37.01%

Interest

3.47

8.28

-4.81

-58.09%

Exceptional Items

0.00

Gross Profit (PBDT)

35.14

53.02

-17.88

-33.72%

Depreciation

8.29

12.14

-3.85

-31.71%

Profit Before Tax

26.85

40.89

-14.04

-34.34%

Tax

7.12

10.29

-3.17

-30.81%

Provisions and contingencies

0.00

Profit After Tax

19.73

30.60

-10.87

-35.52%

Extraordinary Items

0.00

Prior Period Expenses

0.00

Other Adjustments

0.00

Net Profit

19.73

30.60

-10.87

-35.52%

Share in Profit of Associates

0.00

Minority Interest

0.00

Other related items

0.00

Consolidated Net Profit

19.73

30.60

-10.87

-35.52%

Equity Capital

81.73

294.67

-212.94

-72.26%

Face Value

10.00

0.00

Reserves

0.00

Earnings per share (EPS)

2.41

1.04

1.37

131.73%

Diluted Earnings per share

2.41

1.04

1.37

131.73%

Operating Profit Margin (Excl OI)

7.34%

10.38%

0.00

-3.04%

Gross Profit Margin

8.21%

9.14%

0.00

-0.93%

PAT Margin

4.61%

5.27%

0.00

-0.66%

Public Share Holdings (%)

0.00%

0.00

0.00%

Pledged Promotor Holding (%)

0.00%

0.00

0.00%

Quarterly - Net Sales

Net Sales 432.27 Cr

in Sep 2025

Figures in Cr

QoQ Growth in quarter ended Sep 2025 is -0.33% vs 1.32% in Jun 2025

YoY Growth in quarter ended Sep 2025 is -12.64% vs 19.18% in Sep 2024

Quarterly - Standalone Net Profit

Standalone Net Profit 34.56 Cr

in Sep 2025

Figures in Cr

QoQ Growth in quarter ended Sep 2025 is 73.67% vs 0.86% in Jun 2025

YoY Growth in quarter ended Sep 2025 is 33.85% vs 39.87% in Sep 2024

Quarterly - Operating Profit (PBDIT)

Operating Profit (PBDIT) 45.26 Cr

in Sep 2025

Figures in Cr

QoQ Growth in quarter ended Sep 2025 is 42.15% vs 1.30% in Jun 2025

YoY Growth in quarter ended Sep 2025 is 15.58% vs 25.84% in Sep 2024

Quarterly - Interest

Interest 1.90 Cr

in Sep 2025

Figures in Cr

QoQ Growth in quarter ended Sep 2025 is -46.63% vs 2.59% in Jun 2025

YoY Growth in quarter ended Sep 2025 is -64.62% vs 15.73% in Sep 2024

Quarterly - Operating Profit Margin (Excl OI)

Operating Profit Margin (Excl OI) 10.47%

in Sep 2025

Figures in %

QoQ Growth in quarter ended Sep 2025 has improved from Jun 2025

YoY Growth in quarter ended Sep 2025 has improved from Sep 2024