69.60 1.30 (1.90%)
NSE Oct 23, 2020 15:31 PM
Volume: 2,643

Vardhman Special Steels Ltd.    
24 Jun 2020, 12:00AM
ICICI Securities Limited
For FY20, topline was at | 846.2 crore (down 24.5% YoY). The decline in topline was on account of lower sales volume, decline in sales realisation and lower trading sales vs. FY19. The decline in sales volume was due to lower demand from the automotive industry. EBITDA for FY20 was at | 39.7 crore (down 41% YoY). In addition to muted demand from the automotive sector, higher cost of inventory built for the planned plant shutdown in Q2FY20, inventory loss due to decline in raw material and electrode prices and higher fixed cost per unit of steel due to low production levels also...
Vardhman Special Steels Ltd. is trading above it's 200 day SMA of 62.0
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