Vardhman Special Steels Q4 FY26 Record Profit ₹122 Cr

Vardhman Special Steels reported record annual net profit of ₹122 crore and achieved highest-ever sales volume of 225,000 tons for FY26.
Management increased EBITDA per ton guidance to ₹8,000-11,000 for FY27 and projected ₹9,000-12,000 range within two years.
Company announced ₹3.50 per share dividend and detailed expansion plans including forging plant by Q3 FY28 and new 600,000-ton steel plant by July 2029.
Strategic shift includes diversifying into non-automotive steels (30% target) and pursuing ingot casting for specialized alloys in defense, aerospace, and nuclear sectors.