VSSL quarterly results and annual financials: sales, operating profit, OPM, net profit, EPS, balance sheet, cash flow and ratios like ROCE, with YoY and QoQ growth.
Vardhman Special Steels Ltd reported sales of ₹428 Cr, operating profit of ₹31 Cr (OPM 7%) and net profit of ₹20 Cr for the quarter ended Mar 2025. Figures in ₹ crore, consolidated where available.
VSSL quarterly results (₹ Cr)
Metric
Jun 2023
Sep 2023
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Dec 2024
Mar 2025
Sales
409
415
397
439
415
495
427
428
Expenses
380
384
364
391
372
456
392
397
Operating Profit
29
31
33
49
42
39
35
31
OPM
7%
8%
8%
11%
10%
8%
8%
7%
Other Income
7
6
8
9
6
9
7
7
Interest
4
5
5
5
5
5
5
3
Depreciation
7
7
7
9
8
8
8
8
Profit before tax
25
25
29
44
35
35
28
27
Tax
26%
26%
25%
25%
26%
26%
25%
27%
Net Profit
19
18
22
33
26
26
21
20
EPS in Rs
2.29
2.27
2.68
4.03
3.2
3.17
2.63
2.41
VSSL profit & loss, annual (₹ Cr)
Metric
Mar 2024
Mar 2025
Sales
1,661
1,764
Expenses
1,519
1,616
Operating Profit
142
148
OPM
9%
8%
Other Income
30
29
Interest
18
19
Depreciation
31
33
Profit before tax
123
125
Tax
25%
26%
Net Profit
92
93
EPS in Rs
11.25
11.39
Dividend Payout
18%
26%
VSSL balance sheet (₹ Cr)
Metric
Mar 2024
Mar 2025
Equity Capital
81
82
Reserves
638
716
Borrowings
84
120
Other Liabilities
237
218
Total Liabilities
1,040
1,136
Fixed Assets
325
309
CWIP
1
117
Investments
0
18
Other Assets
714
693
Total Assets
1,040
1,136
VSSL cash flows (₹ Cr)
Metric
Mar 2024
Mar 2025
Cash from Operating Activity
142
127
Cash from Investing Activity
-50
-127
Cash from Financing Activity
-94
3
Net Cash Flow
-2
3
Free Cash Flow
76
9
CFO/OP
122%
108%
CFO/EBITDAShare of operating profit converting into cash: CFO (before tax) / Operating Profit