Iron & Steel Products company Vardhman Special Steels announced Q4FY26 & FY26 results Q4FY26 Financial Highlights: Revenue from operations: Rs 45,791.54 lakh, reflecting a 6.36% increase QoQ from Rs 43,054.49 lakh and a 6.98% increase YoY from Rs 42,803.88 lakh. Total income: Rs 46,837.21 lakh, representing a 5.56% increase QoQ and a 7.62% increase YoY. Profit after tax: Rs 3,397.94 lakh, showing a growth of 1.17% QoQ from Rs 3,358.59 lakh and a significant increase of 72.20% YoY from Rs 1,973.21 lakh. Basic Earnings per equity share: Rs 3.52, an increase of 1.15% QoQ and 45.45% YoY. Paid-up equity capital: Rs 9,668.57 lakh as of March 31, 2026, compared to Rs 9,656.19 lakh as of December 31, 2025 (up 0.13% QoQ). FY26 Financial Highlights: Revenue from operations: Rs 1,75,443.31 lakh for FY26, showing a marginal decrease of 0.57% YoY compared to Rs 1,76,440.83 lakh in FY25. Total income: Rs 1,79,677.91 lakh, an increase of 0.18% YoY. Profit before tax: Rs 16,404.94 lakh, reflecting a growth of 31.18% YoY from Rs 12,506.06 lakh. Profit after tax: Rs 12,202.39 lakh, representing a growth of 31.08% YoY compared to Rs 9,308.81 lakh. Total comprehensive income: Rs 12,246.73 lakh, up 31.95% YoY. Basic Earnings per equity share: Rs 13.15, an increase of 15.35% YoY from Rs 11.40. Dividend: Recommended a final dividend of Rs 3.5/- per share for the financial year. Other equity: Rs 1,18,063.41 lakh, showing a growth of 64.85% YoY. Business Highlights: Dividend Recommendation: The Board of Directors has recommended a dividend of Rs 3.5/- per share on fully paid-up equity shares for FY26. Government Incentives: The company recorded incentives worth Rs 2,556.90 lakh for FY26 under the Industrial and Business Development Policy 2017 of the State Government, recognized as "Other income." Investment Status Change: Effective April 1, 2025, Sone Solar Private Limited is no longer classified as an associate and is now treated as an investment at amortised cost. Capital Increase: During Q4, the company issued 123,750 equity shares under the Employee Stock Options Scheme, increasing the paid-up equity share capital. Labour Code Assessment: Following the notification of new Labour Codes, the company assessed an incremental financial impact of Rs 102.99 lakh on gratuity provisions and Rs 21.86 lakh on compensated absences. Operating Segment: The company continues to operate in a single reportable segment, "Manufacturing of Steel products." Auditor Opinion: The statutory auditors have issued an unmodified opinion on the audited financial results for the year. Result PDF