Vardhman Special Steels Ltd

Vardhman Special Steels (VSSL) announce the formal signing of an agreement with Aichi Steel Corporation, Japan (Aichi Steel), marking a significant milestone in their strategic partnership. Aichi Steel has increased its equity stake in VSSL from 11.33% to 24.90%. This investment represents a further deepening of the long-standing relationship between the two companies and underscores Aichi Steel's growing confidence in VSSL and the Indian steel market. The enhanced partnership is aligned with the shared vision of both organizations to develop a world-class green steel manufacturing facility in India, aimed at producing high-quality special steels for the global automotive and engineering industries. The upcoming plant with a manufacturing capacity of 5 lac TPA with an estimated capex of Rs. 2000 crores, backed by technical support from Aichi Steel, will integrate advanced Japanese processes and technology to serve both domestic and ASEAN markets. Powered by Capital Market - Live

Vardhman Special Steels announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 25 June 2025.Powered by Capital Market - Live

Vardhman Special Steels will hold a meeting of the Board of Directors of the Company on 29 May 2025.Powered by Capital Market - Live

The Board of Vardhman Special Steels will meet on 29 May 2025 to consider fund raising by way of preferential issue of equity shares. Powered by Capital Market - Live

Revenue from operations stood at Rs 428.04 crore in Q4 FY25, as against Rs 439.41 crore in Q4 FY24, a decrease of 2.59% YoY. This was mainly due to decline in realisations inspite of increased volumes. The company's sales volumes for the quarter increased by 3.29% to 53,834 tonnes from 52,118 tonnes recorded in Q4 FY24. This was despite a shutdown of 14 days in Rolling mill in Mar'25. EBITDA fell by 32.89% YoY to Rs 38.62 crore in Q4 FY25, primarily due to lower gross margins. EBITDA per ton for the quarter was Rs. 7,174. Vardhman Special Steels has recorded 1.59% rise in net profit to Rs 93.09 crore on a 6.20% increase in revenue from operations to Rs 1,764.41 crore in FY25 as compared with FY24. The company stated that it is setting up a new Greenfield steel plant in the state of Punjab for the manufacturing of special and alloy steel. The planned capacity is 5,00,000 MT per annum of billet production with commensurate rolling mill and testing facilities. The total capital expenditure for the project is estimated at approximately Rs 2,000 crore. The project will be funded through a mix of internal accruals, equity, and debt. The new capacity is expected to be commissioned by FY 2029'30. The plant will address the capacity shortage after 2028 primarily for existing product lines. Sachit Jain, vice chairman & managing director, Vardhman Special Steels, said: 'Looking ahead, market demand remains muted. As a result, opportunities for price increases are limited. Raw material prices are relatively stable. Working capital borrowings increased due to inventory build-up in preparation for the planned shutdown. However, the process of the inventory going back to normal level has already started. During the year we have reduced our long term borrowings to Rs 3.29 crore and will continue to bring it down further going forward. As planned, the Kocks Block has been successfully commissioned and is currently in the stabilization phase. Once fully operational, it is expected to enhance productivity and reduce inventory requirements. We remain focused on improving operational efficiency and positioning the company for sustainable long term growth. The company has announced a dividend of Rs. 3 per share for FY25 as against Rs. 2 in FY24. Vardhman Special Steels is one of India's leading producers of special steels, catering to diverse requirements of automotive, engineering, tractors, bearings and allied industries. The company also takes care of steel requirements of select customers for forging applications in international markets of Thailand, Taiwan, Turkey, Italy, Russia, Germany, Vietnam and Japan. The scrip was locked in 20% upper circuit at Rs 249 on the BSE. Powered by Capital Market - Live

Sigma Solve Ltd, Mindteck (India) Ltd, Modi Rubber Ltd and Manaksia Steels Ltd are among the other gainers in the BSE's 'B' group today, 23 April 2025.Vardhman Special Steels Ltd surged 20.00% to Rs 249 at 12:01 IST. The stock was the biggest gainer in the BSE's 'B' group. On the BSE, 82136 shares were traded on the counter so far as against the average daily volumes of 6979 shares in the past one month. Sigma Solve Ltd soared 20.00% to Rs 333.95. The stock was the second biggest gainer in 'B' group. On the BSE, 18804 shares were traded on the counter so far as against the average daily volumes of 865 shares in the past one month. Mindteck (India) Ltd spiked 17.08% to Rs 212.2. The stock was the third biggest gainer in 'B' group. On the BSE, 2.22 lakh shares were traded on the counter so far as against the average daily volumes of 8319 shares in the past one month. Modi Rubber Ltd gained 15.16% to Rs 123.8. The stock was the fourth biggest gainer in 'B' group. On the BSE, 38345 shares were traded on the counter so far as against the average daily volumes of 652 shares in the past one month. Manaksia Steels Ltd rose 15.06% to Rs 69.53. The stock was the fifth biggest gainer in 'B' group. On the BSE, 4.7 lakh shares were traded on the counter so far as against the average daily volumes of 45727 shares in the past one month. Powered by Capital Market - Live

Net profit of Vardhman Special Steels declined 39.83% to Rs 19.73 crore in the quarter ended March 2025 as against Rs 32.79 crore during the previous quarter ended March 2024. Sales declined 2.59% to Rs 428.04 crore in the quarter ended March 2025 as against Rs 439.41 crore during the previous quarter ended March 2024. For the full year,net profit rose 1.59% to Rs 93.09 crore in the year ended March 2025 as against Rs 91.63 crore during the previous year ended March 2024. Sales rose 6.20% to Rs 1764.41 crore in the year ended March 2025 as against Rs 1661.36 crore during the previous year ended March 2024. ParticularsQuarter EndedYear EndedMar. 2025Mar. 2024% Var.Mar. 2025Mar. 2024% Var. Sales428.04439.41 -3 1764.411661.36 6 OPM %7.3511.11 -8.398.57 - PBDT35.1552.88 -34 158.53153.84 3 PBT26.8543.89 -39 125.06122.86 2 NP19.7332.79 -40 93.0991.63 2 Powered by Capital Market - Live

Vardhman Special Steels announced that the Board of Directors of the Company at its meeting held on 22 April 2025, inter alia, have recommended the final dividend of Rs 3 per equity Share (i.e. 30%) , subject to the approval of the shareholders.Powered by Capital Market - Live

Vardhman Special Steels will hold a meeting of the Board of Directors of the Company on 22 April 2025.Powered by Capital Market - Live

Net profit of Vardhman Special Steels declined 1.60% to Rs 21.46 crore in the quarter ended December 2024 as against Rs 21.81 crore during the previous quarter ended December 2023. Sales rose 7.39% to Rs 426.77 crore in the quarter ended December 2024 as against Rs 397.40 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales426.77397.40 7 OPM %8.228.37 - PBDT36.9636.60 1 PBT28.4729.17 -2 NP21.4621.81 -2 Powered by Capital Market - Live