Vardhman Special Steels Limited (VSSL) Financial Results — Revenue ₹1,754.43 Cr

1 Financial Results 🔴 High Importance Neutral 📄 PDF

📢 Key Event
FY26 results announced with debt-free status and dividend recommendation

🔄 What Changed
Revenue -0.57% YoY, EBITDA +17.87% YoY, PAT +31.08% YoY, volumes +4.7% YoY, debt-free status achieved

🔮 What's Next
New ₹475 crore forging facility approved, capacity expansion to 250,000 MT by FY2029-30, environmental clearance for 280,000 MT rolled capacity

💡 Investor Takeaway
Shareholders benefit from strong PAT growth, debt-free position, and strategic expansion into high-value automotive segments with Aichi Steel partnership.

Vardhman Special Steels Limited reported FY26 revenue of ₹1,754.43 crores, down 0.57% YoY, with EBITDA rising 17.87% to ₹208.82 crores and PAT increasing 31.08% to ₹122.02 crores. The company achieved debt-free status, commissioned a solar plant and new reheating furnace, and recommended a dividend of Rs. 3.50 per share. Volumes grew to 225,620 tonnes, supported by capacity expansion to 270,000 tonnes and strategic partnerships with Aichi Steel.

2 Financial Results 🔴 High Importance ✨ Positive 📄 PDF

📢 Key Event
Vardhman Special Steels announces FY26 financial results and dividend recommendation

🔄 What Changed
PAT increased 31.08% YoY to ₹122.02 crores; EBITDA rose 17.87% YoY to ₹208.82 crores; revenue declined 0.57% YoY to ₹1,754.43 crores

🔮 What's Next
Board recommended dividend of Rs. 3.50 per share pending AGM approval

💡 Investor Takeaway
Shareholders see improved profitability with rising PAT and EBITDA, though revenue growth is flat, and a dividend is proposed.

Vardhman Special Steels reported FY26 revenue of ₹1,754.43 crores, up slightly from ₹1,764.41 crores YoY, while PAT rose to ₹122.02 crores from ₹93.09 crores, a 31.08% increase. EBITDA grew to ₹208.82 crores, up 17.87% YoY, driven by operational improvements and higher other income. The company declared a dividend of Rs. 3.50 per share. Management highlighted debt-free status, capacity expansion, and strategic partnerships as key growth enablers.

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