Vardhman Special Steels Limited has informed the Exchange that Board of Directors at its meeting held on April 28, 2026, recommended Final Dividend of Rs. 3.5 per equity share.
VSSL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Vardhman Special Steels Limited reported audited financial results for FY ended March 2026. Revenue from operations stood at Rs. 1,75,443.31 lakhs, marginally lower than Rs. 1,76,440.83 lakhs in the previous year. However, profit after tax (PAT) increased significantly to Rs. 12,202.39 lakhs from Rs. 9,308.81 lakhs, representing approximately 31% growth. Earnings per share improved to Rs. 13.15 from Rs. 11.40. The Board recommended a dividend of Rs. 3.50 per equity share, subject to shareholder approval at the AGM. The statutory auditor issued an unmodified opinion, indicating a clean bill of health for the financial statements. Other income included government grants of Rs. 2,556.90 lakhs towards electricity duty exemption and GST refund under the state industrial policy.
The 31% PAT growth despite marginal revenue decline signals strong operational efficiency and cost management. The recommended dividend of Rs. 3.5 per share is positive for shareholders. The clean audit opinion with no going concern issues adds credibility.