Vardhman Special Steels sees strong half-year profit growth

Vardhman Special Steels Limited reported a profit before tax of INR 7,327.05 lakhs for the half-year ended September 30, 2025, an increase from INR 6,973.48 lakhs in the corresponding period of the previous year. Profit after tax for the half-year also rose to INR 5,445.86 lakhs from INR 5,189.93 lakhs year-over-year. Revenue from operations for the half-year stood at INR 86,597.28 lakhs. For the quarter ended September 30, 2025, profit before tax was INR 4,650.23 lakhs, with a profit after tax of INR 3,456.35 lakhs.

Total assets for the company reached INR 1,55,928.86 lakhs as of September 30, 2025, compared to INR 1,13,591.55 lakhs as of March 31, 2025. This growth was supported by an increase in equity share capital to INR 9,650.34 lakhs and other equity to INR 1,11,160.52 lakhs. Earnings per equity share (basic) for the half-year were INR 6.04, up from INR 6.37 in the prior year, while for the quarter, it was INR 3.61.

The company's cash and cash equivalents significantly increased to INR 20,023.11 lakhs at the end of the half-year, from INR 699.95 lakhs at the beginning of the period. This was largely driven by net cash generated from financing activities amounting to INR 30,695.41 lakhs, which included proceeds from the issue of share capital totaling INR 38,435.84 lakhs.