Vardhman Special Steels Limited has informed the Exchange about Copy of Newspaper Publication
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Vardhman Special Steels has shared copies of newspaper advertisements of its audited financial results for the quarter and full year ended 31 March 2025, as required by SEBI listing rules. Full-year revenue from operations rose to about Rs. 1,793.5 crore from Rs. 1,691.2 crore in FY24, a growth of around 6%. Net profit for the year inched up to about Rs. 93.1 crore from Rs. 91.6 crore. However, fourth-quarter performance was weaker, with net profit falling to about Rs. 19.7 crore from Rs. 32.8 crore a year earlier, even as quarterly revenue held nearly flat at around Rs. 435 crore. Basic EPS for the year stood at Rs. 11.40 versus Rs. 11.24. The board has recommended a dividend of Rs. 3 per share. Results also reflect the company's 26% investment in associate Sone Solar Private Limited and its 55 MW solar power project.
Full-year numbers are marginally better than last year, but the sharp drop in Q4 profit compared to the year-ago quarter may draw investor attention. The Rs. 3 per share dividend is a positive signal of shareholder returns, while the solar power venture hints at the company's diversification plans.