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ICICI Direct Report
Vardhman Special Steels Ltd. is among India’s leading steel bar producers for automotive applications. It has specialised product offerings that include steel bars and rods and bright bars of various categories of special and alloy steel.
The company reported a steady operational performance in Q2 FY22. For Q2 FY22, Vardhman Special Steels reported a topline of Rs 336 crore, up 36% YoY, 2% QoQ.
Subsequent Ebitda was at Rs 46 crore, up 117% YoY but down 10% QoQ profit after tax for Q2 FY22 was at Rs 24 crore, up 172% YoY but down 13% QoQ.
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