Vardhman Special Steels Limited has informed the Exchange regarding a press release dated July 25, 2025, titled "Media Release 1QFY26".
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Awaiting price reaction for this filing.
Vardhman Special Steels reported Q1 FY26 results with sales volumes up 10.49% YoY to 55,574 MT, driven by good demand. Revenue from Operations rose 4.56% YoY to Rs. 433.70 crore, helped by higher volumes but hurt by lower realisations. However, profitability took a hit — EBITDA (including other income) fell 18.13% to Rs. 39.33 crore and PAT declined 23.71% to Rs. 19.90 crore, mainly due to lower gross margins. Basic EPS stood at Rs. 2.43 versus Rs. 3.20 in Q1 FY25. On the positive side, the company fully repaid its long-term and short-term borrowings in early July, the Kocks Block has been successfully commissioned awaiting OEM approval, and Aichi Steel Corporation increased its stake in the company to 24.9% by investing Rs. 384.91 crore.
Mixed quarter for shareholders — strong volume growth and a debt-free balance sheet are positives, but shrinking margins and a sharp drop in profits may pressure the stock in the short term. Long-term story remains intact with Aichi Steel's increased stake, upcoming Kocks Block production, and the planned Greenfield expansion.