VSSL Q1 FY27 results at a glance
VARDHMAN SPC STEEL LTD Q1 FY27 key results metrics| Quarter | Q1 FY27 |
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| Quarter ended | 30 Jun 2026 |
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| Revenue | ₹486 cr |
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| Revenue YoY | +12.1% |
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| Operating profit | ₹48.86 cr |
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| Operating margin | 10.1% |
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| Net profit | ₹41.19 cr |
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| Net profit YoY | +107.0% |
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| Net profit QoQ | +21.2% |
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| Net margin | 8.5% |
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| Basic EPS | ₹4.26 |
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| TTM revenue | ₹1,808 cr |
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| TTM net profit | ₹129 cr |
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| TTM net margin | 7.1% |
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VSSL Q1 FY27 results: what the numbers say
VARDHMAN SPC STEEL LTD (VSSL) has reported its Q1 FY27 results for the quarter ended 2026-06-30. The company posted revenue of ₹486 cr and a net profit of ₹41.19 cr, translating into earnings per share of ₹4.26.
Compared with the same quarter a year earlier, revenue grew by +12.1% and net profit grew sharply by +107.0%. Profit rising faster than revenue points to better cost control or operating leverage flowing through the P&L.
Operating profit for the quarter stood at ₹48.86 cr, an operating margin of 10.1% versus 5.3% a year ago — a gain of 4.8 percentage points.
VSSL quarter-wise results table
Net profit
₹41.19 cr
+107.0% YoY
Operating profit
₹48.86 cr
+114.0% YoY
VARDHMAN SPC STEEL LTD (VSSL) quarter-wise results — revenue, operating profit, net profit, margins, EPS and growth| Quarter | Revenue | Operating profit | Net profit | OPM | Net margin | EPS | Profit YoY | Profit QoQ |
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| Q1 FY272026-06-30 | ₹486 cr | ₹48.86 cr | ₹41.19 cr | 10.1% | 8.5% | ₹4.26 | +107.0% | +21.2% |
| Q4 FY262026-03-31 | ₹458 cr | ₹38.29 cr | ₹33.98 cr | 8.4% | 7.4% | ₹3.52 | +72.2% | +1.2% |
| Q3 FY262025-12-31 | ₹431 cr | ₹35.3 cr | ₹33.59 cr | 8.2% | 7.8% | ₹3.48 | — | +68.8% |
| Q1 FY262025-06-30 | ₹434 cr | ₹22.84 cr | ₹19.9 cr | 5.3% | 4.6% | ₹2.43 | — | +0.8% |
| Q4 FY252025-03-31 | ₹428 cr | ₹23.14 cr | ₹19.73 cr | 5.4% | 4.6% | ₹2.42 | — | — |
| TTM (last 4 quarters) | ₹1,808 cr | ₹145 cr | ₹129 cr | 8.0% | 7.1% | ₹13.69 | — | — |
Consolidated figures as reported to the exchanges, shown in ₹ crore. OPM = operating profit margin. Updated automatically whenever a new quarter is filed.
VSSL quarterly income statement
Line-item results for the last six quarters as filed — sales, expenses, operating profit, interest, tax and profit after tax in ₹ crore.
VARDHMAN SPC STEEL LTD quarterly income statement| Particulars | Q1 FY272026-06-30 | Q4 FY262026-03-31 | Q3 FY262025-12-31 | Q1 FY262025-06-30 | Q4 FY252025-03-31 |
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| Revenue / Sales | ₹486 cr | ₹458 cr | ₹431 cr | ₹434 cr | ₹428 cr |
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| Total expenses | ₹437 cr | ₹420 cr | ₹395 cr | ₹411 cr | ₹405 cr |
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| Gross profit | ₹208 cr | ₹188 cr | ₹183 cr | ₹164 cr | — |
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| Operating profit (EBIT) | ₹48.86 cr | ₹38.29 cr | ₹35.3 cr | ₹22.84 cr | ₹23.14 cr |
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| Operating margin | 10.1% | 8.4% | 8.2% | 5.3% | 5.4% |
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| Interest cost | ₹3.32 cr | ₹2.76 cr | ₹3.69 cr | ₹3.56 cr | ₹3.47 cr |
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| Profit before tax | ₹55.4 cr | ₹45.99 cr | ₹44.79 cr | ₹26.77 cr | ₹26.85 cr |
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| Tax expense | ₹14.22 cr | ₹12.01 cr | ₹11.21 cr | ₹6.87 cr | ₹7.12 cr |
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| Effective tax rate | 25.7% | 26.1% | 25.0% | 25.7% | 26.5% |
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| Net profit (PAT) | ₹41.19 cr | ₹33.98 cr | ₹33.59 cr | ₹19.9 cr | ₹19.73 cr |
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| Net profit margin | 8.5% | 7.4% | 7.8% | 4.6% | 4.6% |
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| Basic EPS | ₹4.26 | ₹3.52 | ₹3.48 | ₹2.43 | ₹2.42 |
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| Diluted EPS | ₹4.25 | ₹3.51 | ₹3.47 | ₹2.43 | ₹2.41 |
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VSSL results growth — YoY and QoQ
Quarterly growth rates, year on year and quarter on quarter| Growth | Q1 FY27 | Q4 FY26 | Q3 FY26 | Q1 FY26 | Q4 FY25 |
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| Revenue YoY | +12.1% | +7.0% | — | — | — |
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| Revenue QoQ | +6.1% | +6.4% | -0.7% | +1.3% | — |
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| Operating profit YoY | +114.0% | +65.4% | — | — | — |
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| Operating profit QoQ | +27.6% | +8.5% | +54.6% | -1.3% | — |
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| Net profit YoY | +107.0% | +72.2% | — | — | — |
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| Net profit QoQ | +21.2% | +1.2% | +68.8% | +0.8% | — |
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| EPS YoY | +75.3% | +45.5% | — | — | — |
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| EPS QoQ | +21.0% | +1.1% | +43.2% | +0.4% | — |
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VSSL annual results history
Full-year performance for VARDHMAN SPC STEEL LTD, useful for reading each quarter in context.
VARDHMAN SPC STEEL LTD annual income statement| Particulars | FY262026-03-31 | FY252025-03-31 | FY242024-03-31 | FY232023-03-31 |
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| Revenue / Sales | ₹1,746 cr | ₹1,754 cr | ₹1,661 cr | ₹1,721 cr |
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| Total expenses | ₹1,585 cr | ₹1,614 cr | ₹1,513 cr | ₹1,575 cr |
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| Gross profit | ₹398 cr | ₹372 cr | ₹650 cr | ₹307 cr |
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| Operating profit (EBIT) | ₹162 cr | ₹140 cr | ₹136 cr | ₹145 cr |
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| Operating margin | 9.3% | 8.0% | 8.2% | 8.5% |
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| Interest cost | ₹11.18 cr | ₹17.8 cr | ₹18.42 cr | ₹16.53 cr |
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| Profit before tax | ₹164 cr | ₹125 cr | ₹123 cr | ₹134 cr |
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| Tax expense | ₹42.03 cr | ₹31.97 cr | ₹31.23 cr | ₹33.86 cr |
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| Effective tax rate | 25.6% | 25.6% | 25.4% | 25.2% |
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| Net profit (PAT) | ₹122 cr | ₹93.09 cr | ₹91.63 cr | ₹100 cr |
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| Net profit margin | 7.0% | 5.3% | 5.5% | 5.8% |
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| Basic EPS | ₹13.15 | ₹11.40 | ₹11.24 | ₹12.35 |
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| Diluted EPS | ₹13.13 | ₹11.37 | ₹11.18 | ₹12.31 |
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Revenue trend and demand read-through
Topline for Q1 FY27 came in at ₹486 cr against ₹434 cr in Q1 FY26, and ₹458 cr in the preceding Q4 FY26 quarter.
On a sequential basis revenue grew +6.1%. Sequential moves are the quickest read on demand momentum because they strip out the base effect of a year-old quarter, though seasonality can distort a single quarter.
Total expenses for the quarter were ₹437 cr, or 89.9% of revenue, with operating profit grew +114.0% year on year.
Margins, tax and profitability
Net profit of ₹41.19 cr works out to a net margin of 8.5% compared with 4.6% in the year-ago quarter. Margin expansion of this kind usually reflects a better product or service mix, softer input costs, or tighter overheads.
Below the operating line, VARDHMAN SPC STEEL LTD reported profit before tax of ₹55.4 cr, a tax charge of ₹14.22 cr (effective rate 25.7%), interest cost of ₹3.32 cr. Reading these together with operating profit shows how much of the quarter's earnings were driven by the core business versus financing and tax movements.
Sequentially, net profit moved from ₹33.98 cr in Q4 FY26 to ₹41.19 cr in Q1 FY27, a change of +21.2%.
Trailing twelve months and annual context
Across the trailing four quarters VARDHMAN SPC STEEL LTD has generated revenue of ₹1,808 cr and net profit of ₹129 cr, a trailing net margin of 7.1%. The trailing view smooths out one-off quarters and is the number most valuation multiples are built on.
On a full-year basis, FY26 revenue was ₹1,746 cr with net profit of ₹122 cr and EPS of ₹13.15, versus the prior year where revenue declined -0.4% and profit grew +31.1%.
What to watch in the next VSSL quarter
For the coming quarters the numbers worth tracking on this page are revenue momentum, the operating margin trend, the interest burden and whether EPS keeps pace with profit growth. A sustained run of year-on-year profit growth is what usually drives a re-rating rather than any single quarter.
VARDHMAN SPC STEEL LTD has not yet intimated its next results date to the exchange. This page refreshes automatically from filings and the board-meeting calendar, so the tables above will reflect the next quarter as soon as it is reported.
All figures here are as reported to the exchanges and shown in ₹ crore, without adjustment. This is information and analysis, not investment advice.
VSSL results coverage
No results report published for VSSL yet — our desk covers each quarter within minutes of the filing.
VSSL quarterly results FAQs
What were VARDHMAN SPC STEEL LTD (VSSL) Q1 FY27 results?
In Q1 FY27 (quarter ended 30 Jun 2026), VARDHMAN SPC STEEL LTD reported revenue of ₹486 cr and net profit of ₹41.19 cr, a change of +107.0% year on year on +12.1% revenue growth. EPS stood at ₹4.26.
What is VSSL profit margin in Q1 FY27?
VARDHMAN SPC STEEL LTD posted a net profit margin of 8.5% and an operating margin of 10.1% in Q1 FY27. On a trailing twelve-month basis, revenue is ₹1,808 cr and net profit ₹129 cr.
Did VSSL results beat the previous quarter?
VARDHMAN SPC STEEL LTD net profit changed +21.2% quarter on quarter, from ₹33.98 cr in Q4 FY26 to ₹41.19 cr in Q1 FY27.
When are VARDHMAN SPC STEEL LTD (VSSL) quarterly results?
VARDHMAN SPC STEEL LTD has not yet intimated its next results date to the exchange. This page updates automatically from the exchange board-meeting calendar.
Where can I see VSSL latest quarterly results?
Results coverage for VSSL will appear here as soon as the company reports. Meanwhile you can track live price and technicals on the VSSL stock page.
What is VARDHMAN SPC STEEL LTD annual revenue and profit?
For FY26, VARDHMAN SPC STEEL LTD reported full-year revenue of ₹1,746 cr and net profit of ₹122 cr, with EPS of ₹13.15.
How many quarterly results has VSSL declared recently?
Past results dates for VSSL will be listed here from the exchange calendar.
Results dates sourced from the exchange board-meeting calendar; reported figures from company filings, last refreshed 11 Sept 2026. For information only, not investment advice.
