Vardhman Special Steels has announced its financial results for the second quarter of FY25, showing robust growth in both revenue and net profit on a year-over-year (YoY) basis.
Financial Highlights
- Revenue from Operations: The company reported revenue from operations of ₹494.82 crore for Q2 FY25, marking a 19.4% YoY increase from ₹415.19 crore in Q2 FY24. On a quarter-over-quarter (QoQ) basis, revenue grew by 18.4% from ₹414.78 crore in Q1 FY25.
- Profit Before Tax (PBT): The PBT for Q2 FY25 stood at ₹34.68 crore, reflecting a 39.9% YoY increase from ₹24.79 crore in Q2 FY24. Compared to Q1 FY25, PBT saw a 10.2% decrease from ₹38.50 crore.
- Net Profit: The net profit for Q2 FY25 came in at ₹25.82 crore, representing a 40% YoY growth from ₹18.46 crore in Q2 FY24. On a QoQ basis, net profit decreased by 0.97% from ₹26.08 crore.
Summary
Vardhman Special Steels’ Q2 FY25 results demonstrate strong revenue growth and impressive YoY profitability, despite a slight QoQ dip in profit. The company’s focus on efficient operations and strategic growth initiatives is evident in the solid financial performance.
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Vardhman Special Steels