Key Financial Highlight Q2 FY22 volumes at 43,283 MT; H1 FY22 volumes at 86,988 MT H1 FY22 Revenue from Operations at Rs. 665.79 Crore H1 FY22 EBITDA (including other income) at Rs. 102.25 Crore H1 FY22 Profit at Rs. 52.09 Crore EBITDA per Ton for the quarter was Rs. 11,216 The volumes for the quarter stood at 43,283 tonnes as against 43,986 tonnes in Q2 FY21 Revenue from Operations stood at Rs. 335.65 crore in Q2 FY22, as against Rs. 247.09 crore in Q2 FY21, growth of 35.84% mainly on account of higher sales realizations EBITDA (including other income) for the quarter was Rs. 48.55 crore as against Rs. 26.67 crore in Q2 FY21, increase of 82.00%, mainly due to increase in sales prices and cost saving initiatives EBITDA per Ton for the quarter was Rs. 11,216 as against Rs. 6,064 in Q2 FY21 Q2 FY22 Profit stood at Rs. 24.29 crore as against profit of Rs. 8.94 crore in Q2 FY21, increase of 171.72% The volumes stood at 86,988 tonnes as against 56,473 tonnes in H1 FY21 Revenue from Operations stood at Rs. 665.79 crore in H1 FY22, as against Rs. 314.95 crore in H1 FY21, growth of 111.40% mainly on account of higher sales volumes coupled with better realizations. Also, H1 FY21 volumes were affected due to COVID related lockdown EBITDA (including other income) was at Rs. 102.25 crore as against Rs. 19.00 crore in H1 FY21, increase of 438.32%, due to increase in sales volumes, price increases, better realizations and higher operational efficiencies EBITDA per Ton for half year was Rs. 11,755 as against Rs. 3,364 in H1 FY21 H1 FY22 Profit stood at Rs. 52.09 crore as against loss of Rs. 3.83 crore in H1 FY21, increase of 1458.62% Commenting on the result, Mr Sachit Jain, Vice Chairman & Managing Director, Vardhman Special Steels Ltd. said, “I am happy to say during this quarter, our sales volumes stood at 43,283 tonnes with a revenue of Rs. 335.65 crore and EBIDTA of Rs. 48.55 crore, YoY increase of 35.84% and 82.00% respectively. As I have mentioned earlier as well about our furnace planned shutdown in November because of which we have high inventory levels which will rationalize by financial year end. We are very well prepared for this shutdown in advance, and it will not affect our business in any manner. Although, we might have to outsource procurement of billets in case of excess demand. Overall, we remain focused on creating value for our stakeholders and managing the business for the long term to transform our business and our ways of working. I am thankful to the entire team at Vardhman for overcoming gripping uncertainties and delivering good results.” Result PDF