Vardhman Special Steels Q3 FY26 results: PAT up 57% at Rs 33.6 cr

Pat Growth 25pctEbitda Margin ExpansionRevenue DeclineResults View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

-5.5%Reaction day

₹275.20

prior close

₹267.35

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-2.7%-2.9% vs market

Iron & Steel Products peers, median of 91sector-3.2%-2.3% vs sector

On the reaction day the stock moved 2.9 pts less than Nifty Microcap 250 and 2.3 pts less than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Sessions after the filingfrom the prior close

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Reaction day

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Next day

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UpDownMarket · Nifty Microcap 250Sector · Iron & Steel Products peers, median of 91Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Revenue from operations for Q3 FY26 stood at Rs 430.54 cr, up modestly from Rs 426.77 cr in Q3 FY25. Profit after tax jumped 56.5% YoY to Rs 33.59 cr from Rs 21.46 cr. For nine months ended December 2025, revenue declined about 3% to Rs 1,296.52 cr, but PAT rose 20% to Rs 88.04 cr. The company recorded Rs 6.7 cr as government grant income under other income in Q3. Board approved results on 20 January 2026. Auditor BSR and Co issued an unmodified limited review report.

Likely market impact

Strong profit growth on margin expansion despite weak top line may be viewed positively by investors.