Shares of Vardhman Special Steels Ltd gained nearly 3% today, reflecting positive market sentiment following the company’s robust financial performance in Q3 FY25. The company reported a significant 13.47% year-on-year (YoY) increase in volumes for the quarter, reaching 52,692 tonnes compared to 46,437 tonnes in the corresponding quarter last year. Additionally, sales of billets during the quarter contributed 1,559 MT.
Vardhman’s revenue from operations stood at ₹426.77 crore, marking a 7.39% YoY increase from ₹397.40 crore in Q3 FY24. The rise in sales volume primarily drove this revenue growth. However, EBITDA (including other income) for the quarter saw a modest increase of 1.33% YoY, reaching ₹42.05 crore from ₹41.50 crore. The EBITDA per ton on rolled sales stood at ₹7,981.
Net profit (PAT) for Q3 FY25 was ₹21.46 crore, slightly lower compared to ₹21.81 crore in Q3 FY24, reflecting operational pressures. The company’s EPS for the quarter stood at ₹2.63 compared to ₹2.68 last year. Despite the marginal drop in PAT, the market responded positively to the company’s strong operational growth.
For the nine-month period (9M FY25), Vardhman Special Steels saw significant growth with revenue increasing by 9.36% YoY to ₹1,336.37 crore. EBITDA during this period was ₹138.54 crore, up 20.76% YoY, while PAT surged 24.68% YoY to ₹73.36 crore. The company’s strategic focus on enhancing operational efficiencies and capacity expansion has bolstered its performance across various sectors.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your research or consult a financial advisor before making investment decisions. Neither the author nor Business Upturn is liable for any losses arising from the use of this information.
