Vardhman Special Steels will hold a meeting of the Board of Directors of the Company on 25 July 2024.Powered by Capital Market - Live News

Vardhman Special Steels has allotted 35,250 equity shares of face value of Rs. 10/- each (including 17,625 Bonus shares on the ESOP shares in the ratio of 1:1) to the eligible employees of the Company who has exercised their stock options under `Vardhman Special Steels Limited Employee Stock Option Plan, 2016` and `Vardhman Special Steels Limited Employee Stock Option Plan, 2020`. Powered by Capital Market - Live News

Vardhman Special Steels announced that the Board of Directors of the Company at its meeting held on 1 May 2024, inter alia, have recommended the final dividend of Rs 2 per equity Share (i.e. 20%) , subject to the approval of the shareholders.Powered by Capital Market - Live News

The Board of Vardhman Special Steels at its meeting held on 30 April 2024 has approved capex amounting to Rs 33 crore towards increasing capacity of steel melting shop. The company plans to add 25,000 TPA of billet production to the existing capacity of 2,60,000 TPA. Powered by Capital Market - Live News

Net profit of Vardhman Special Steels rose 139.69% to Rs 32.79 crore in the quarter ended March 2024 as against Rs 13.68 crore during the previous quarter ended March 2023. Sales rose 4.12% to Rs 439.41 crore in the quarter ended March 2024 as against Rs 422.04 crore during the previous quarter ended March 2023.For the full year,net profit declined 8.78% to Rs 91.63 crore in the year ended March 2024 as against Rs 100.45 crore during the previous year ended March 2023. Sales declined 4.24% to Rs 1661.36 crore in the year ended March 2024 as against Rs 1734.99 crore during the previous year ended March 2023. ParticularsQuarter EndedYear Ended�Mar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var. Sales439.41422.04 4 1661.361734.99 -4 OPM %11.115.80 -8.578.15 - PBDT52.8825.11 111 153.84162.42 -5 PBT43.8918.02 144 122.86134.30 -9 NP32.7913.68 140 91.63100.45 -9 Powered by Capital Market - Live News