Vardhman Special Steels Ltd (NSE:VSSL)

Q2 2026 Vardhman Special Steels Ltd Earnings Call Transcript

Nov 3, 2025 / 08:30 AM GMT

Release Date Price: ₹293.1 (+2.25%)

Transcript

Key Points

Positve

Vardhman Special Steels Ltd (BOM:534392) reported a 16% increase in EBITDA, reaching 56 crores compared to 48 crores in the previous year.
The company successfully commissioned a new cost block earlier this year, enhancing production capabilities.
A new reheating furnace is set to be commissioned by the last quarter of this year, expected to increase production capacity and reduce job work costs.
The company has signed a third renewal of its technical agreement, indicating strong ongoing collaboration and support.
Vardhman Special Steels Ltd (BOM:534392) is actively participating in green initiatives, including a circular economy project with Maruti Suzuki.

Negative

Sales volume decreased by 4,000 tons, contributing to a 12.64% decline in revenue year-on-year.
The company faces ongoing price reductions due to declining raw material costs, which may impact margins.
Exports to IT were lower than expected due to subdued market conditions in Toyota Thailand and currency fluctuations.
The company is experiencing competitive pressure, leading to price undercutting in the market.
There are delays in land acquisition for new projects, which could impact future expansion timelines.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

VARM.NS - Vardhman Special Steels Ltd
Q2 2026 Vardhman Special Steels Ltd Earnings Call
Nov 03, 2025 / 08:30AM GMT

=====================
Presentation
--------------------------------------------------------------------------------
Unidentified_1 [1]
--------------------------------------------------------------------------------
Ladies and gentlemen, good day and welcome to the Wetaman Special Steels Limited Q2 F 5,106 earnings conference call hosted by at Factors PR.

As a reminder, all participant lines are in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing and then 0 on your touchstone phone.

Please note that this conference is being recorded.

I now hand the conference over to Mr. Amrudi Bane from A Factors PR Investor relations team.

Thank you and over to you, ma'am.

-------------------------------------------------------------------------

Already have an account? Log in

Get the full story

Subscribe Now

	Access to All Earning Calls and Stock Analysis
	30-Year Financial on one screen
	All-in-one Stock Screener with unlimited filters
	Customizable Stock Dashboard
	Real Time Insider Trading Transactions
	8,000+ Institutional investors’ 13F holdings
	Powerful Excel Add-in and Google sheets Add-on
	All data downloadable
	Quick customer support
	And much more...

30-Day 100% money back guarantee

Subscription fee may be tax deductible.

Excellent

4.6 out of 5

Trustpilot

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Calculators Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App Newsletters Signup 中文

Education

Financial Glossary Tutorials FAQ Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation

Company

About GuruFocus Career Contact Us Advertise Term of Use Privacy Policy Referral Program Partner Program

Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.