Vardhman Special Steels Ltd
Vardhman Special Steels Q2 Results 2026 (FY27): Revenue ₹600.05 Cr, PAT ₹52.49 Cr
Q2 FY27 investor presentation: what the company reported on revenue, margins and capex.
Guidance rank: #81 of 100 in Industrial Products
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Based on Vardhman Special Steels Ltd's Q2 FY27 investor presentation. The company has not published an earnings-call transcript for this quarter, so figures here are what the investor presentation reports, not management guidance.
The short version
Q2 FY27 Revenue from Operations: ₹600.05 Cr, up 38.81% YoY from ₹432.27 Cr in Q2 FY26 (Page 7) - Q2 FY27 Sales Volume: 70,440 tonnes (rolled products), up from 55,536 tonnes in Q2 FY26 (Page 7) - Q2 FY27 Financials: - EBITDA: ₹83.86 Cr, up 48.48% YoY (Q2 FY26: ₹56.48 Cr) - PAT: ₹52.49 Cr, up 51.88% YoY (Q2 FY26: ₹34.56 Cr) - Revenue from Operations: ₹600.05 Cr, up 38.81% YoY (Q2 FY26
From Vardhman Special Steels Ltd's Q2 FY27 earnings-call transcript · updated 27 Oct 2026.
Revenue & Sales Performance
- Q2 FY27 Revenue from Operations: ₹600.05 Cr, up 38.81% YoY from ₹432.27 Cr in Q2 FY26 (Page 7)
- Q2 FY27 Sales Volume: 70,440 tonnes (rolled products), up from 55,536 tonnes in Q2 FY26 (Page 7)
- H1 FY27 Revenue from Operations: ₹1,086.06 Cr, up 25.41% YoY from ₹865.97 Cr in H1 FY26 (Page 8)
2 more points from Vardhman Special Steels Ltd's call on revenue
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Profitability & Margins
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Capital Expenditure Plans
- ₹475 crore capex approved for new steel forging and machining facility in Ludhiana; commissioning expected Q3 FY28; foundation laid July 2026.
- ₹2,000 crore approved for greenfield steel plant; status ongoing.
- New Kocks Block commissioned April 2025.
- New reheating furnace commissioned March 2026, expanding capacity to 2.7 lakh MTPA.
- Ingot casting pilot and 500–600ktpa greenfield plant planned, commissioning by FY30.
- Expansion from 300kt melting/rolling capacity to 360kt in current phase.
- Long-term plan for ~1 million tonne steel capacity by FY35.
2 more points from Vardhman Special Steels Ltd's call on capex
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Top-ranked in Industrial Products
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
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Order Book & Pipeline
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Vardhman Special Steels Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest (Q2 FY27): revenue ₹600 Cr, net profit ₹52 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Vardhman Special's management said in earlier quarters
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- HEG Advanced Materials Ltd (Q2 FY27)
For the quarter ended September 30, 2026, HEG Limited reported total revenue from operations of ₹1,520.64 crores. Key results statement takeaways from HEG Advan
Potential multibaggers · Q2 FY27
Potential multibaggers in Industrial Products
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
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Frequently Asked Questions
What were Vardhman Special Steels Ltd Q2 FY27 results?
Q2 FY27 Revenue from Operations: ₹600.05 Cr, up 38.81% YoY from ₹432.27 Cr in Q2 FY26 (Page 7) - Q2 FY27 Sales Volume: 70,440 tonnes (rolled products), up from 55,536 tonnes in Q2 FY26 (Page 7) - Q2 FY27 Financials: - EBITDA: ₹83.86 Cr, up 48.48% YoY (Q2 FY26: ₹56.48 Cr) - PAT: ₹52.49 Cr, up 51.88% YoY (Q2 FY26: ₹34.56 Cr) - Revenue from Operations: ₹600.05 Cr, up 38.81% YoY (Q2 FY26
What is Vardhman Special Steels Ltd share price analysis?
Vardhman Special Steels Ltd currently shows a neutral. The stock trades at a P/E of 23.2 with a market cap of ₹3,327 Cr. Investors should review the full earnings analysis for detailed insights.
Is Vardhman Special Steels Ltd planning capital expenditure?
₹475 crore capex approved for new steel forging and machining facility in Ludhiana; commissioning expected Q3 FY28; foundation laid July 2026.
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This analysis is AI-generated based on publicly available earnings data and the company's investor presentation. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.