Stock Report

Vardhman Special Steels Ltd Q2FY22 PAT drops QoQ to Rs. 24.29 crore

Posted On : 2021-10-25 16:50:28( TIMEZONE : IST )

The Board of Directors of Vardhman Special Steels Limited, at its meeting held today have approved the unaudited Standalone financial results of the company for the period ended September 30, 2021.

For the quarter ended September 30, 2021(Q2 FY2022), the company's total income was ₹ 338.3925 crore, against ₹252.6746 crore in the corresponding quarter of the previous year (YoY) and ₹332.7797 crore in previous quarter (QoQ).

For the quarter ended September 30, 2021(Q2 FY2022), the company's net profit / (loss) was ₹24.2920 crore, against ₹8.9401 crore in the corresponding quarter of the previous year (YoY) and ₹27.7973 crore in previous quarter (QoQ).

For the quarter ended September 30, 2021(Q2 FY2022), the company's Earnings Per Share (EPS) was ₹5.94, against ₹2.21 in the corresponding quarter of the previous year (YoY) and ₹6.82 in previous quarter (QoQ).

Financials	Q2 FY2022	Q1 FY2022	QoQ % Change	Q2 FY2021	YoY % Change
Total Income	₹ 338.3925 crs	₹332.7797 crs	1.69%	₹252.6746 crs	33.92%
Net Profit	₹24.2920 crs	₹27.7973 crs	-12.61%	₹8.9401 crs	171.72 %
EPS	₹5.94	₹6.82	-12.90%	₹2.21	168.78%

For the 6 Months period ended September 30, 2021(Half Year Ended FY 2022), the company's total income was ₹671.1722 crore, against ₹322.3061 crore in the previous year (YoY) (Half Year Ended FY 2021).

The net profit / (loss) was at ₹52.0893 crore for the 6 Months period ended September 30, 2021 (Half Year Ended FY 2022), compared to ₹-3.8358 crore in the previous year (YoY) (Half Year Ended FY 2021).

The Earnings Per Share stood at ₹12.76 for the 6 Months period ended September 30, 2021 (Half Year Ended FY 2022), against ₹-0.95 in the previous year (YoY) (Half Year Ended FY 2021).

Financials	Half Year Ended FY2022	Half Year Ended FY2021	% Change
Total Income	₹671.1722 crs	₹322.3061 crs	108.24%
Net Profit	₹52.0893 crs	₹-3.8358 crs	1,457.98%
EPS	₹12.76	₹-0.95	1,443.16%

Shares of Vardhman Special Steels Limited was last trading in BSE at Rs. 261.55 as compared to the previous close of Rs. 260.55. The total number of shares traded during the day was 27413 in over 1826 trades.

The stock hit an intraday high of Rs. 269.00 and intraday low of 253.05. The net turnover during the day was Rs. 7143805.00.