Vardhman Special Steels Ltd Q2 net profit jumps to Rs. 8.94 crore

VARDHMAN SPECIAL STEELS LTD. has reported financial results for the period ended September 30, 2020.

Financial Results (Q2 FY20-21) - QoQ Comparison

The company has reported total income of Rs.252.67 crores during the period ended September 30, 2020 as compared to Rs.69.63 crores during the period ended June 30, 2020.

The company has posted net profit / (loss) of Rs.8.94 crores for the period ended September 30, 2020 as against net profit / (loss) of Rs.(12.77) crores for the period ended June 30, 2020.

The company has reported EPS of Rs.2.21 for the period ended September 30, 2020 as compared to Rs.(3.16) for the period ended June 30, 2020.

Financials	Q2 FY20-21	Q1 FY20-21	% Change
Total Income	₹ 252.67 crs	₹ 69.63 crs	262.88%
Net Profit	₹ 8.94 crs	₹ (12.77) crs	170.01%
EPS	₹ 2.21	₹ (3.16)	169.94%

Financial Results (Q2 FY20-21) - YoY Comparison

The company has reported total income of Rs.252.67 crores during the period ended September 30, 2020 as compared to Rs.217.19 crores during the period ended September 30, 2019.

The company has posted net profit / (loss) of Rs.8.94 crores for the period ended September 30, 2020 as against net profit / (loss) of Rs.(3.16) crores for the period ended September 30, 2019.

The company has reported EPS of Rs.2.21 for the period ended September 30, 2020 as compared to Rs.(0.88) for the period ended September 30, 2019.

Financials	Q2 FY20-21	Q2 FY19-20	% Change
Total Income	₹ 252.67 crs	₹ 217.19 crs	16.34%
Net Profit	₹ 8.94 crs	₹ (3.16) crs	382.91%
EPS	₹ 2.21	₹ (0.88)	351.14%

Financial Results (6 months ended FY 20-21) - YoY Comparison

The company has reported total income of Rs.322.30 crores during the 6 months period ended September 30, 2020 as compared to Rs.458.62 crores during the 6 months period ended September 30, 2019.

The company has posted net profit / (loss) of Rs.(3.83) crores for the 6 months period ended September 30, 2020 as against net profit / (loss) of Rs.(2.02) crores for the 6 months period ended September 30, 2019.

The company has reported EPS of Rs.(0.95) for the 6 months period ended September 30, 2020 as compared to Rs.(0.57) for the 6 months period ended September 30, 2019.

Financials	Half-Year Ended FY20-21	Half-Year Ended FY19-20	% Change
Total Income	₹ 322.30 crs	₹ 458.62 crs	-29.72%
Net Profit	₹ (3.83) crs	₹ (2.02) crs	89.6%
EPS	₹ (0.95)	₹(0.57)	66.67%

Shares of VARDHMAN SPECIAL STEELS LTD. was last trading in BSE at Rs.74.4 as compared to the previous close of Rs. 70.9. The total number of shares traded during the day was 916 in over 41 trades.

The stock hit an intraday high of Rs. 74.4 and intraday low of 74.05. The net turnover during the day was Rs. 68117.

Source : Equity Bulls

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