Vardhman Special Steels Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
VSSL · price
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Vardhman Special Steels Limited reported audited financial results for FY2026. Revenue from operations declined marginally to Rs. 1,75,443.31 lakhs from Rs. 1,76,440.83 lakhs in the previous year. However, profit after tax increased significantly by 31% to Rs. 12,202.39 lakhs (vs Rs. 9,308.81 lakhs), driven by lower cost of materials consumed and reduced finance costs. Basic earnings per share improved to Rs. 13.15 from Rs. 11.40. The Board recommended a dividend of Rs. 3.50 per share. The statutory auditor issued an unmodified (clean) opinion on the financial statements. Other income included government incentives of Rs. 2,556.90 lakhs. Operating cash flow remained positive at Rs. 10,587.76 lakhs despite lower than previous year.
The stock shows improving profitability despite flat revenue, indicating better cost management. The clean audit and dividend recommendation are positive signals for shareholders. Revenue decline may be a minor concern but is offset by strong PAT growth.