VARDHMAN SPECIAL STEELS LTD. - 534392 - Demat Report For The Month Ended April, 2023.
Pursuant to the provisions of Regulation 74(5) of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018, please find attached herewith necessary certificate giving particulars of shares i.e. Distinctive No(s), Certificate No(s), No. of shares etc. dematerialized during the month of April, 2023. VARDHMAN SPECIAL STEELS LTD. - 534392 - Format of the Annual Disclosure to be made by an entity identified as a LC - Annexure B2
Format of the Annual Disclosure to be made by an entity identified as a Large Corporate. Sr. No. Particulars Details 1 Name of Company VARDHMAN SPECIAL STEELS LTD. 2 CIN NO. L27100PB2010PLC033930 3 Report filed for FY 2022-2023 Details of the Current block (all figures in Rs crore): 4 2 - year block period (Specify financial years)* 2022-23, 2023-24, 2024-25 5 Incremental borrowing done in FY (T)(a) 0.00 6 Mandatory borrowing to be done through debt securities in FY (T) (b) = (25% of a) 0.00 7 Actual borrowing done through debt securities in FY (T)(c) 0.00 8 Shortfall in the borrowing through debt securities, if any, for FY (T - 1) carried forward to FY (T) (d) 0 8Quantum of (d), which has been met from (c)(e)* 0 9 Shortfall, if any, in the mandatory borrowing through debt securities for FY (T) { after adjusting for any shortfall in borrowing for FY(T - 1) which was carried forward to FY(T)}(f) = (b) - [(c) - (e)]{ If the calculated value is zero or negative, write 'nil'}* Nil Details of penalty to be paid, if any, in respect to previous block (all figures in Rs crore): 2 - year Block period (Specify financial years)2021-22, 2022-23, 2023-24 Amount of fine to be paid for the block, if applicable Fine = 0.2% of {(d) - (e)}#0.00 Name of the Company Secretary :-Sonam TanejaDesignation :-Company Secretary Name of the Chief Financial Officer :- Sanjeev Singla Designation : -Chief Financial Officer Date: 06/05/2023 VARDHMAN SPECIAL STEELS LTD. - 534392 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript
Pursuant to the provisions of Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith transcript of the earnings conference call of the Company held on 28th April, 2023 to discuss the Company's business and financial performance for Q4 FY23. VARDHMAN SPECIAL STEELS LTD. - 534392 - LINK FOR AUDIO RECORDING OF EARNINGS CONFERENCE CALL OF VARDHMAN SPECIAL STEELS LIMITED - Q4 & FY23 FINANCIAL RESULTS
Pursuant to the provisions of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015, please find enclosed herewith link for Audio Recording of Earnings Conference Call of Vardhman Special Steels Limited held on 28th April, 2023 at 12:00 noon to discuss the Company's business and financial performance for Q4 & FY23. Q4FY23 Quarterly & FY23 Annual Result Announced for Vardhman Special Steels Ltd.
Iron & Steel Products company Vardhman Special Steels announced Q4FY23 & FY23 results: Q4FY23: The volumes for Q4FY23 stood at 50,511 tonnes as against 41,596 tonnes in Q4FY22 – YoY increase of 21.43% Revenue from Operations stood at Rs 422.04 crore in Q4FY23, as against Rs 343.35 crore in Q4FY22, registering growth of 22.92% YoY EBITDA (including other income) for Q4FY23 is Rs 29.67 as against Rs 59.56 crore in Q4FY22, a decrease of 50.19%. EBITDA per Ton for Q4FY23 was Rs 5,873. Q4FY23 PAT stood at Rs 13.68 crore as against PAT of Rs 29.19 crore in Q4FY22, decrease of 53.15% EPS for Q4FY23 stood at Rs 3.37 vs Rs 7.20 in Q4FY22 FY23: The volumes stood at 2,00,095 tonnes as against 1,73,307 tonnes in FY22, YoY increase of 15.46% Revenue from Operations stood at Rs 1,734.99 crore in FY23, as against Rs 1,368.46 crore in FY22, growth of 26.78% EBITDA (including other income) was at Rs 180.08 crore as against Rs 202.58 crore in FY22, a decrease of 11.11%. EBITDA per Ton for twelve months was Rs 9,000. FY23 PAT stood at Rs 100.45 crore as against PAT of Rs 100.75 crore in FY22, a decrease of 0.30% EPS for FY23 stood at Rs 24.76 vs Rs 24.87 in FY22 The Board has recommended a dividend of Rs 2 per share on fully paid-up equity shares, subject to approval in the Annual General Meeting Commenting on the result, Sachit Jain, Vice Chairman & Managing Director, Vardhman Special Steels, said, “Q4FY23 was a difficult quarter wherein on one hand we saw good sales volume of over 50,500 tons leading to sales volume of more than 2,00,000 tons for the full year for the first time in history. On the other hand, we saw a price correction from OEMs putting pressure on realizations thereby impacting the overall EBITDA. The EBIDTA showed a bigger fall than due for the fourth quarter as this quarter reflected the price reduction of the third quarter as well. The EBITDA per ton was also impacted on account of higher prices of fuel and consumables and lower other income. Despite certain stated difficulties, we have achieved EBITDA/ton of Rs 9,000 for full year which is well within the stated range of Rs 7,000 – 10,000. This quarter has marked a breakthrough in the Company and I am happy to share that the Company has started mass production of steel for forging companies of Aichi Steel Corporation based in South East Asia for some grades for which approvals have been received. Further, we are delighted to share that we had wonderful celebrations on completion of 50 glorious years of Vardhman Group in the Steel Business. Mr. Takahiro Fujioka, President of Aichi Steel Corporation, Japan was the Chief Guest. Vardhman's entire team deserves appreciation for the tremendous work they have put in. We remain focused and committed to our strategic goals and are actively working to further improve our performance going forward. I reassure my stakeholders that we will maintain the pace of our efforts and hard work and continue to execute in line with the stated objectives.” Result PDF VARDHMAN SPECIAL STEELS LTD. - 534392 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Pursuant to Regulation 30 and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith copy of newspaper publication of Financial Results for the quarter/ year ended 31st March, 2023 published in 'Desh Sewak' and 'Business Standard' on April 28, 2023. VARDHMAN SPECIAL STEELS LTD. - 534392 - Announcement under Regulation 30 (LODR)-Investor Presentation
Pursuant to the provisions of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith Investor Presentation on financial results of the Company for the quarter and financial year ended 31st March, 2023. VARDHMAN SPECIAL STEELS LTD. - 534392 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
In continuation to our letter dated 24th April, 2023 regarding Earnings Conference Call of the Company, we would like to inform you that the Earnings Conference Call of the Company to discuss the Company's business and financial performance for Q4 & FY23 shall be held on Friday, 28th April, 2023 at 12:00 noon instead of 12:30 p.m. informed earlier. VARDHMAN SPECIAL STEELS LTD. - 534392 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Pursuant to the provisions of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015, please find enclosed herewith Media Release on financial results of the Company for the quarter and financial year ended 31st March, 2023. VARDHMAN SPECIAL STEELS LTD. - 534392 - Board Meeting Outcome for OUTCOME OF BOARD MEETING - FINAL DIVIDEND
The Board of Directors has recommended a dividend of Rs. 2/- per share on fully paid up equity shares of the Company. The payment of dividend is subject to approval by the Members of the Company and shall be paid/ dispatched tentatively within five days of the conclusion of the Annual General Meeting. The meeting of the Board of Directors commenced at 10:00 a.m. and concluded at 03:00 p.m.