VSSL Q2 : STANDALONE NET PROFIT UP 51.9% AT ₹52.49 CR (YOY), UP 27.5% (QOQ). STRONG (On 1st Look)

Revenue up 38.8% at ₹600.05 Cr (YOY), up 23.5% (QOQ). Ebitda up 52.7% at ₹69.12 Cr (YOY), up 18.3% (QOQ); margins 11.5% v 10.5% (YOY), 12.0% (QOQ). Caution: Other income includes ₹10.48 Cr government grant incentive in the quarter.

Vardhman Special Steels Ltd

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