Vardhman Special Steels Ltd reported a strong Q2 FY2026 performance with ₹4.32 billion in consolidated revenue and ₹345.6 million in profit after tax. The results reflect robust demand from auto and engineering sectors, improved operating margins, and continued focus on value-added alloy steel products.
Vardhman Special Steels Ltd (NSE: VSSL), a key player in India’s alloy and special steels segment, has posted impressive financial results for the quarter ended September 2025 (Q2 FY2026). The company recorded ₹4.32 billion in consolidated revenue from operations, supported by healthy order flows from automotive OEMs and engineering clients.
Profit after tax (PAT) stood at ₹345.6 million, reflecting operational efficiency and a favorable product mix. Despite global steel price volatility, VSSL maintained its margin profile through strategic sourcing and cost optimization. The Ludhiana-based firm continues to expand its export footprint and invest in downstream capabilities.
Major Takeaways:
-
Revenue from Operations: ₹4.32 billion in Q2 FY2026
-
PAT: ₹345.6 million, driven by margin discipline and demand resilience
-
Sectoral Strength: Auto and engineering sectors remain key growth drivers
-
Operational Focus: Cost control, value-added product mix, and export expansion
-
Market Sentiment: Stock shows moderate volatility amid broader steel sector trends
VSSL’s performance reinforces its position as a reliable supplier of high-grade steel, with a strategic eye on global partnerships and capacity enhancement.
Sources: LiveMint, Vardhman Steel, Vardhman Group