Conference Call with Vardhman Special Steels Management and Analysts on Q3FY25 Performance and Outlook. Listen to the full earnings transcript.
Iron & Steel Products company Vardhman Special Steels announced Q3FY25 results The volumes for the quarter stood at 52,692 tonnes (only rolled products) as against 46,437 tonnes in Q3FY24 – YoY increase of 13.47%. Additionally, we have sold 1,559 MT of Billets in this quarter. Revenue from Operations stood at Rs 426.77 crore in Q3FY25, as against Rs 397.40 crore in Q3FY24, increase of 7.39% YoY mainly due to increase in sales volume. EBITDA (including other income) for the quarter was Rs 42.05 crore as against Rs 41.50 crore in Q3FY24, increase of 1.33%. EBITDA per Ton for the quarter was Rs 7,981 (on rolled sales quantity). Q3FY25 PAT stood at Rs 21.46 crore as against PAT of Rs 21.81 crore in Q3FY24. EPS for the quarter stood at Rs 2.63 vs Rs 2.68 in Q3FY24 Sachit Jain, Vice Chairman & Managing Director, Vardhman Special Steels said, “Our volumes for the quarter increased by 14% for rolled products despite muted demand. The revenue growth was in line with the growth in volumes mainly due to pricing pressures from the OEMs which led to lower realizations and less margin per ton. The EBITDA per ton for rolled products remained within our targeted range at Rs 7,981 per ton. Speaking of our overall capacity, we have successfully tested 3,00,000 tonnes of annual billet production capacity as per our plans. In preparation for the upcoming quarter, we are building inventory in anticipation of a planned plant shutdown in March for approximately 25 days. Looking ahead, we are well aligned with our long-term vision for profitable growth. We remain focused on maintaining our momentum and delivering sustainable value to all our stakeholders” Result PDF