Vardhman Special Steels Ltd (VSSL)

Vardhman Special Steels Reports Decrease in Revenue and Net Income - 05 May, 2024

Vardhman Special Steels reported a decrease in revenue by 4.2% and net income by 8.8% from FY 2023, with profit margin decreasing to 5.5%. However, the company forecasts an 11% p.a. growth in revenue for the next two years compared to 9.5% forecasted for the industry. The stock is down 4.7% from a week ago.

Vardhman Special Steels Q4 Results Show Increase in Revenue and Profit - 04 May, 2024

Vardhman Special Steels reported a 4.12% increase in revenue and a 139.77% YoY increase in profit for Q4. The company also saw growth in revenue and profit compared to the previous quarter, with EPS at ₹3.98. Vardhman Special Steels has delivered strong returns over the past week, six months, and YTD. Market cap is ₹2415.69 Cr with a 52wk high/low of ₹329 & ₹174.8 respectively.

Vardhman Special Steels Reports Strong Q4 Results and Approves Capex for Capacity Expansion - 02 May, 2024

Vardhman Special Steels Ltd (VSSL) reported a strong Q4FY24 with more than double net profit and significant growth in EBITDA. The company also approved a capex of Rs 33 crore to increase its steel melting shop capacity. VSSL is one of India's leading producers of special steels catering to diverse industries.