Vardhman Special Steels Q2FY26 Profit Jumps 33.9% YoY to ₹34.56 Crore; Revenue Falls 12.6% to ₹432.27 Crore

Ludhiana, October 28, 2025 – Vardhman Special Steels Ltd (NSE: VSSL, BSE: 534392) recently announce its financial results for the year quarter ended September 2025. In its regulatory filing, the company posted a 33.9% year-on-year (YoY) rise in net profit to ₹34.56 crore for the quarter ended September 30, 2025, compared to ₹25.82 crore in Q2FY25.

Key Financial Highlights (₹ in lakh)

The company reported mixed financial results, as its revenue from operations reached ₹43,227.43 crore, a 12.6% decrease from ₹49,481.65 crore in Q2FY25 and a 0.3% decrease from ₹43,369.85 crore in Q1FY26. The total income also reached ₹44,349.21 crore, a 12.0% decrease from Q2FY25’s ₹50,410.81 crore but a 0.5% increase from Q1FY26’s ₹44,119.59 crore. The most significant improvement was noticed in profit before tax and profit after tax, which reached ₹4,650.23 crore and ₹3,456.35 crore, a 34.1% and 33.9% YoY increase from Q2FY25’s ₹3,468.49 crore and ₹2,582.11 crore, respectively. They also recorded a 73.7% and 73.8% QoQ increase from Q1FY26’s ₹2,676.82 crore and ₹1,989.51 crore, respectively.

Market Performance

As of October 28, 2025, shares of Vardhman Special Steels Ltd closed at ₹298.20, a sharp decline of 5.32% or 16.75 points. The shares opened in red at ₹314.95, and since had a slow session with traded volume at 7.21 lakhs and traded value of ₹22.39 crore, with the total market capitalisation of ₹2,877.73 crore.

Vardhman Special Steels Limited is engaged in the manufacture of alloy and special steels for automotive, engineering, and bearing industries. The company is based in Ludhiana and is part of the Vardhman Group. It is listed on both the NSE and BSE since May 2012 under the tickers VSSL and 534392, respectively, and holds a strong presence in India’s speciality steel segment.

REF: https://nsearchives.nseindia.com/corporate/VSSL_28102025135606_Results_sd.pdf

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