Stock Report

Vardhman Special Steels Ltd posts Rs. 28.46 crores profit in Q3 FY23

Posted On : 2023-01-30 14:26:14( TIMEZONE : IST )

Vardhman Special Steels Limited has reported Standalone financial results for the period ended December 31, 2022.

Financial Results (Q3 FY2023) - QoQ Comparison

The company has reported total income of Rs. 414.0697 crores during the period ended December 31, 2022 as compared to Rs. 457.3668 crores during the period ended September 30, 2022.

The company has posted net profit / (loss) of Rs. 28.4654 crores for the period ended December 31, 2022 as against net profit / (loss) of Rs. 28.0101 crores for the period ended September 30, 2022.

The company has reported EPS of Rs. 6.98 for the period ended December 31, 2022 as compared to Rs. 6.86 for the period ended September 30, 2022.

Financials	Q3 FY2023	Q2 FY2023	% Change
Total Income	₹414.0697 crs	₹457.3668 crs	-9.47%
Net Profit	₹28.4654 crs	₹28.0101 crs	1.63%
EPS	₹6.98	₹6.86	1.75%

Financial Results (Q3 FY2023) - YoY Comparison

The company has reported total income of Rs.414.0697 crores during the period ended December 31, 2022 as compared to Rs.361.3171 crores during the period ended December 31, 2021.

The company has posted net profit / (loss) of Rs.28.4654 crores for the period ended December 31, 2022 as against net profit / (loss) of Rs.19.4682 crores for the period ended December 31, 2021.

The company has reported EPS of Rs.6.98 for the period ended December 31, 2022 as compared to Rs.4.77 for the period ended December 31, 2021.

Financials	Q3 FY2023	Q3 FY2022	% Change
Total Income	₹414.0697 crs	₹361.3171 crs	14.60%
Net Profit	₹28.4654 crs	₹19.4682 crs	46.21%
EPS	₹6.98	₹4.77	46.33%

Financial Results (9 Months Ended FY2023) - YoY Comparison

The company has reported total income of Rs.1346.5116 crores during the 9 Months period ended December 31, 2022 as compared to Rs.1032.4893 crores during the 9 Months period ended December 31, 2021.

The company has posted net profit / (loss) of Rs.86.7715 crores for the 9 Months period ended December 31, 2022 as against net profit / (loss) of Rs.71.5574 crores for the 9 Months period ended December 31, 2021.

The company has reported EPS of Rs.21.26 for the 9 Months period ended December 31, 2022 as compared to Rs.17.53 for the 9 Months period ended December 31, 2021.

Financials	9 Months Ended FY2023	9 Months Ended FY2022	% Change
Total Income	₹1346.5116 crs	₹1032.4893 crs	30.41%
Net Profit	₹86.7715 crs	₹71.5574 crs	21.26%
EPS	₹21.26	₹17.53	21.28%

Shares of Vardhman Special Steels Limited was last trading in BSE at Rs. 307.00 as compared to the previous close of Rs. 318.40. The total number of shares traded during the day was 8780 in over 831 trades.

The stock hit an intraday high of Rs. 326.65 and intraday low of 302.00. The net turnover during the day was Rs. 2725873.00.