Vraj Iron and Steel Limited has submitted to the Exchange, outcome of Board Meeting for the approval of financial results for the period ended December 31, 2025.
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Vraj Iron and Steel's board approved unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025. Standalone revenue from operations grew to Rs. 1,464.28 million in Q3 FY26, up about 22% from Rs. 1,198.76 million in Q3 FY25, with nine-month revenue rising nearly 30% to Rs. 4,177.16 million. However, profitability fell sharply — standalone Q3 profit after tax dropped to Rs. 9.97 million from Rs. 74.91 million a year earlier, while nine-month PAT fell to Rs. 155.05 million from Rs. 319.33 million, as input costs and depreciation rose. The board also approved setting up a 21 MW captive solar power plant at Bilaspur at an estimated cost of Rs. 70 crore, to be financed 30% via internal accruals and 70% through borrowings, targeted for completion in FY 2026-27. The statutory auditor issued an unmodified limited review report on the results.
Top-line momentum is strong, but steep profit compression despite higher sales signals margin pressure and rising costs — short-term earnings sentiment may be weak. The solar capex (Rs. 70 crore, mostly debt-funded) supports long-term cost savings and green steel positioning, but adds near-term depreciation and interest burden.