Vardhman Special Steels Q4 FY26 Results: Profit Surges 72%, Raises EBITDA Guidance
Published on: May 5, 2026, 8:15 a.m. | Source: scanx.trade
Vardhman Special Steels Limited reported exceptional Q4 FY26 performance with net profit increasing 72.20% year-on-year to ₹3,397.94 lakh, while total income from operations grew 7.61% to ₹46,837.21 lakh. For FY26, the company achieved record net profit of ₹12,202.39 lakh on total income of ₹179,677.91 lakh, with volumes reaching 225,000 tons. Management has raised EBITDA per ton guidance to ₹8,000-₹11,000 for FY27 and further to ₹9,000-₹12,000 over the next two years, targeting rolled product volumes of 250,000-255,000 tons. The company is pursuing significant expansion plans including a new greenfield steel plant (500,000-600,000 tons capacity by July 2029), a forging plant (commissioning January-March 2028), and brownfield expansion to increase melting capacity from 300,000 to 360,000 tons. Total committed capex stands at approximately ₹2,600 crores, with funding planned through a mix of equity infusion (₹1,200 crores) and debt (₹1,200 crores). The Board has recommended a dividend of ₹3.50 per share.
