Iron & Steel Products company Vardhman Special Steels announced Q1FY27 results Financial Highlights: Revenue from Operations: The company reported revenue from operations of Rs 48,600.70 lakh in Q1FY27, representing a YoY increase of 12.06% compared to Rs 43,369.85 lakh in Q1FY26 and a QoQ increase of 6.13% compared to Rs 45,791.54 lakh in Q4FY26. Total Income: Total income for Q1FY27 reached Rs 49,586.41 lakh, up 12.39% YoY from Rs 44,119.59 lakh in Q1FY26 and up 5.87% QoQ from Rs 46,837.21 lakh in Q4FY26. Profit Before Tax (PBT): PBT for the quarter stood at Rs 5,540.07 lakh, showing a significant YoY growth of 106.96% from Rs 2,676.82 lakh in Q1FY26 and a QoQ increase of 20.47% from Rs 4,598.75 lakh in Q4FY26. Profit After Tax (PAT): The company earned a net profit of Rs 4,118.57 lakh in Q1FY27, an increase of 107.01% YoY compared to Rs 1,989.51 lakh in Q1FY26 and a QoQ growth of 21.21% compared to Rs 3,397.94 lakh in Q4FY26. Total Comprehensive Income: Total comprehensive income for Q1FY27 was Rs 4,125.96 lakh, compared to Rs 1,981.68 lakh in Q1FY26 and Rs 3,411.71 lakh in Q4FY26. Earnings Per Share (EPS): Basic EPS for Q1FY27 rose to Rs 4.26 from Rs 2.43 in Q1FY26 and Rs 3.52 in Q4FY26. Business Highlights: Segment Performance: The company is engaged in a single operating segment, which is the "Manufacturing of Steel products." Government Incentives: The company recorded income from incentives under the Industrial and Business Development Policy 2017 of the Punjab State Government. In Q1FY27, it recognized Rs 380.17 lakh under "Other income" towards exemptions of Electricity Duty, Infrastructure Development Cess, property tax, and GST refund. This is compared to Rs 671.30 lakh recognized in Q1FY26 and Rs 2,556.90 lakh recognized for the full year FY26. Project Completion: These incentives are related to the expansion cum upgradation project of the Steel Melt Shop, which was completed in FY20. Result PDF