Vardhman Special Steels Ltd (NSE:VSSL)

Q1 2027 Vardhman Special Steels Ltd Earnings Call Transcript

Jul 23, 2026 / 05:30 AM GMT

Release Date Price: ₹297.7 (-1.85%)

Transcript

Key Points

Positve

Vardhman Special Steels Ltd (BOM:534392) signed a technical assistance agreement with IT steel, Japan, for their forging unit, which is progressing on schedule and under budget.
The company reported a 6.5% increase in sales volume and a 12% increase in revenue from operations compared to the same quarter last year.
The solar plant contributed to 43% of the company's total power consumption, leading to significant cost savings and a reduced carbon footprint.
The company is planning to increase its solar plant capacity by 50%, which will further enhance cost savings and reduce carbon emissions.
Vardhman Special Steels Ltd (BOM:534392) is diversifying into non-automotive steel sectors, which is expected to drive future growth and reduce dependency on the automotive sector.

Negative

The company is facing challenges in meeting customer demand due to capacity constraints and is awaiting environmental approval to increase capacity.
There are bottlenecks in production due to limited testing and peeling capacity, which are currently being outsourced.
The project cost for the new steel plant is expected to increase due to additional equipment needs and inflation in metal prices.
Export sales are lower than initially projected, with only 6-7% of sales being direct exports.
The company is experiencing delays in customer qualification timelines for the new forging and machining project, which will result in a gradual ramp-up of production.

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

VARM.NS - Vardhman Special Steels Ltd
Q1 2027 Vardhman Special Steels Ltd Earnings Call
Jul 23, 2026 / 05:30AM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and Gentlemen, Good day and welcome to the Q1 FY27 Earnings Conference Call of World Demand Special Skills Ltd.

This conference call may contain forward-looking statements about the company which are based on the beliefs, opinions and expectations of the company as on the date of this call. These statements are not the guarantee of future performance and involve risks and uncertainties that are difficult to predict.

As a reminder, all participant lines will be 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 pick the line operator by pressing star, then zero

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