Iron & Steel products company Vardhman Special Steels announced Q1FY25 results: The volumes for the quarter stood at 50,298 tonnes as against 47,435 tonnes in Q1FY24 – YoY increase of 6.04%. Revenue from Operations stood at Rs 414.78 crore in Q1FY25, as against Rs 409.36 crore in Q1FY24, increase of 1.32% YoY. A decline in sales prices impacted revenue realizations during this quarter. EBITDA (including other income) for the quarter was Rs 48.04 crore as against Rs 36.47 crore in Q1FY24, increase of 31.71%. Lower raw material costs, coupled with changes in scrap mix and our switch to piped natural gas from cascade system, together offset the rise in employee costs and other expenses in job work from outside, thereby benefiting margins. EBITDA per Ton for the quarter was Rs 9,550, up 24.2% YoY. Q1FY25 PAT stood at Rs 26.08 crore as against PAT of Rs 18.57 crore in Q1FY24, increase of 40.43%. EPS for the quarter stood at Rs 3.20 vs Rs 2.29 in Q1FY24. Commenting on the result, Sachit Jain, Vice Chairman & Managing Director, Vardhman Special Steels said, “During the first quarter, we reported revenue from operations at Rs 414.78 crores, a year-on-year growth of 1.3%. EBIDTA and PAT for the quarter grew 31.71% and 40.43% to Rs 48.04 crores and Rs 26.08 crores, respectively. Our EBIDTA per ton during the quarter was Rs 9,550. While our volumes grew over 6% year-on-year, drop in sales prices impacted revenue realizations. However, changes in the scrap mix, along with our switching over to piped natural gas, from cascade system, all helped in improving efficiencies. We remain committed to our goal of expanding our capacity of billet production to 2,85,000 TPA by FY26. At the same time, rolling mill upgradation, which is underway, shall be able to consume this quantity of billets.” Result PDF