VASWANINSEVaswani Industries Limited· Steel And Steel ProductsHighNeutral
Announced Sat, 28 Feb · 20:13 IST

Vaswani Industries Limited has submitted to the Exchange, the financial results for the period ended December 31, 2025.

Revenue Growth 20pctPat NegativeEbitda Margin CompressionExceptional ItemResults View source PDF

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Vaswani Industries reported Q3 FY26 revenue from operations of Rs 12,419.34 lakhs, up about 21.4% from Rs 10,233.50 lakhs in Q3 FY25. However, the company slipped into a quarterly loss with a Profit After Tax of negative Rs 796.42 lakhs versus a profit of Rs 176.98 lakhs in the year-ago quarter. For the nine months ended December 2025, revenue grew to Rs 32,348.47 lakhs but PAT turned negative at Rs (115.04) lakhs compared to a profit of Rs 661.74 lakhs in 9M FY25. The Iron & Steel segment posted a loss of Rs 552.39 lakhs in the quarter, while finance costs more than doubled to Rs 419.54 lakhs, and depreciation rose sharply due to capitalization of a 50 MW solar plant and induction furnaces. The auditor (Amitabh Agrawal & Co.) issued an unqualified limited review report.

Likely market impact

Despite strong top-line growth, sharp cost inflation in finance charges and depreciation pushed the company into a quarterly and nine-month loss, which is likely to weigh negatively on the stock. Investors should watch for margin recovery in the Iron & Steel segment and benefits from the newly capitalized solar and induction capacity in coming quarters.