Vardhman Special Steels Limited has informed the Exchange regarding a press release dated April 28, 2026, titled "Media Release- Q4 & FY26.".

Pat Growth 25pctEbitda Margin ExpansionRevenue DeclineResults View source PDF

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AI summary

Vardhman Special Steels reported strong FY26 results with PAT growing 31.08% to Rs. 122.02 crore, despite a slight 0.57% decline in revenue to Rs. 1,754.43 crore due to lower steel prices. EBITDA rose 17.87% to Rs. 208.82 crore, indicating significant margin expansion. Q4 saw even stronger performance with PAT up 72.20% YoY. Sales volumes grew 2.56% to 2,25,620 MT. The company became debt-free during the year and commissioned a new solar power plant and reheating furnace, expanding capacity to 270,000 tonnes. The Board recommended a dividend of Rs. 3.50 per share.

Likely market impact

The strong PAT growth and EBITDA margin expansion despite flat revenue signals improved operational efficiency and cost control, which is positive for shareholders. The company becoming debt-free enhances financial flexibility and reduces risk.