Q4FY21 Company Update - Vardhman Special Steel - ICICI Direct

Vardhman Special Steel (VSSL) reported a healthy set of Q4FY21 numbers on the back of strong demand from the automobile sector. Sales volume for the quarter was at 47828 tonnes, up 34% YoY, 4% QoQ. Topline came in at Rs. 334.5 crore, up 63% YoY, 16% QoQ. Topline growth was on the back of higher sales volume and price increase, which came into effect from January 2021. Ensuing EBITDA came in at Rs. 52.3 crore, up 231% YoY, 32% QoQ. EBITDA margin for the quarter was healthy at 15.6% (13.7% in Q3FY21, 7.7% in Q4FY20). The robust EBITDA performance was primarily on the back of increase in sales volumes, price increase, better realisations and higher operational efficiencies. Subsequent PAT for the quarter was at Rs. 26.4 crore (Rs. 21.7 crore in Q3FY21 and Rs. 3.6 crore in Q4FY20).

For details, click on the link below: Link to the report

Shares of VARDHMAN SPECIAL STEELS LTD. was last trading in BSE at Rs.198.55 as compared to the previous close of Rs. 192.85. The total number of shares traded during the day was 26153 in over 859 trades.

The stock hit an intraday high of Rs. 199.6 and intraday low of 191.6. The net turnover during the day was Rs. 5138599.

Source : Equity Bulls

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