Shares of Vardhman Special Steels were under pressure on Friday, falling around 4% after the company posted its financial results for the June quarter of FY26. While revenue showed modest growth, overall profitability took a hit. As of 2:12 PM, the shares were trading 3.88% lower at Rs 259.95.
The company reported a 4.6% rise in revenue from operations at ₹433.7 crore, compared to ₹414.8 crore in the same period last year. But the bottom line saw a sharp decline, with net profit falling 24% year-on-year to ₹19.89 crore, mainly due to increased input costs and a weaker operating performance.
EBITDA for the quarter slipped to ₹31.8 crore from ₹42.4 crore a year ago, while the EBITDA margin dropped to 7.34% from 10.21%, signaling continued margin pressure.
Total expenses rose to ₹414.4 crore versus ₹385.4 crore in the year-ago period. Profit before tax also declined to ₹26.77 crore from ₹35.05 crore YoY, while tax expenses stood at ₹6.87 crore for the quarter.
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