VARDHMAN SPECIAL STEELS LTD. - 534392 - Demat Report For The Month Ended April, 2022.
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, 2022. 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 2nd May, 2022 to discuss the Company's business and financial performance for Q4 & FY22.
Buy Vardhman Special Steel; target of Rs 300: ICICI Direct
ICICI Direct is bullish on Vardhman Special Steel has recommended buy rating on the stock with a target price of Rs 300 in its research report dated May 03, 2022. VARDHMAN SPECIAL STEELS LTD. - 534392 - LINK FOR AUDIO RECORDING OF EARNINGS CONFERENCE CALL OF VARDHMAN SPECIAL STEELS LIMITED - Q4 & FY22 FINANCIAL RESULTS
Pursuant to the provisions of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith link for Audio Recording of Earnings Conference Call of Vardhman Special Steels Limited held on 2nd May, 2022 at 04:00 p.m. to discuss the Company's business and financial performance for Q4 & FY22. Q4FY22 Quarterly Result Announced for Vardhman Special Steels Ltd.
Vardhman Special Steels declares Q4FY22 result: Q4 FY22 volumes at 41,596 MT FY22 volumes at 1,73,308 MT FY22 Revenue from Operations at Rs. 1,368.46 Crore – YoY increase of 46.03% FY22 EBITDA (including other income) at Rs. 202.58 Crore – YoY increase of 74.17% FY22 PAT at Rs. 100.75 Crore – YoY increase of 127.97% EBITDA for the quarter is Rs. 14,320 per Ton EBITDA for full year is Rs. 11,689 per Ton Board recommended an increased dividend of Rs. 3.50 per equity share compared to Rs. 1.50 last year. The volumes for the quarter stood at 41,596 tonnes as against 47,828 tonnes in Q4 FY21. Revenue from Operations stood at Rs. 343.35 crore in Q4 FY22, as against Rs. 334.48 crore in Q4 FY21, registering growth of 2.65% over Q4 of last year despite lower volumes by 13.03%. mainly on account of price increases received during current year. EBITDA (including other income) for the quarter is Rs. 59.56 crore as against Rs. 54.68 crore in Q4 FY21, increase of 8.93% mainly on account of electricity duty exemption granted to the Company under industrial and business development policy 2017, amounting to Rs. 18.65 crores for the year Sept’19 to Mar’22 EBITDA for the quarter is Rs. 14,320 per Ton as against Rs. 11,433 per Ton in Q4 FY21 Q4 FY22 PAT stoodat Rs. 29.19 crore as against profit of Rs. 26.36 crore in Q4 FY21, increase of 10.74% For full year ended March 31 st, 2022: The volumes stood at 1,73,308 tonnes as against 1,50,265 tonnes in FY21 Revenue from Operations stood at Rs. 1,368.46 crore in FY22, as against Rs. 937.08 crore in FY21, growth of 46.03% EBITDA (including other income) is at Rs. 202.58 crore as against Rs. 116.31 crore in FY21, increase of 74.17% mainly due to higher sales volumes, price increases and higher operational efficiencies. It also includes the exemption from electricity duty amounting to Rs. 18.65 crores. EBITDA for full year is Rs. 11,689 per ton as against Rs. 7,741 per ton in FY21 FY22 PAT stood at Rs. 100.75 crore as against profit of Rs. 44.19 crore in FY21, increase of 127.97% YoY Board recommended an increased dividend of Rs. 3.50 per equity share compared to of Rs. 1.50 last year. Commenting on the result, Mr Sachit Jain, Vice Chairman & Managing Director, Vardhman Special Steels Ltd. said, “We are happy to share that our financial & operational performance for Q4 FY22 has been a bit better than our guidance due to couple of one-off items. Due to a massive increase in raw material cost and our holding a larger inventory than normal, we got inventory gains. Further a pending government incentive got approved. During the full year we registered a strong revenue growth of 46.03% along with a good increase in EBITDA by 74%. Our net profits increased by 127.97%. This is on account of increase in sales volumes, price increase, better cost control, higher operational efficiencies and inventory value gain and Rs. 18 crores one time gain due to past government incentives. A part of that will be recurring. Raw material prices which rose significantly in the last quarter has impacted business results for Q4 and will impact Q1 of FY 23. Our industry was supposed to receive price increase and revision from OEMs from April 1st which is still awaited. The quantum of increase will determine performance in FY23. Further in the previous year we repaid a part of our long-term loan and controlled overall borrowings leading to lower debt to equity. Talking about our relationship with Aichi, we have made good progress with regards to product development and geographical expansion by providing new samples as per their standards. At the same time, I would also inform that the Company is moving as per planned strategies on various fronts to achieve its medium and long term targets. I would like to take this opportunity to display my gratitude towards our customers, employees, suppliers, Banks and the Government for their unstinted, cooperation and support. Their faith in us and their continued support makes it easier for us to perform well and deliver returns for our shareholders.” Result PDF 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 Requirement) Regulations, 2015, please find enclosed herewith Investor Presentation on Audited Financial Results of the Company for the quarter and financial year ended 31st March, 2022. 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 Audited Financial Results of the Company for the quarter and financial year ended 31st March, 2022. 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, 2022 published in 'Desh Sewak' and 'Business Standard' on April 30, 2022. VARDHMAN SPECIAL STEELS LTD. - 534392 - STATEMENT OF DEVIATIONS OR VARIATIONS UNDER REGULATION 32 OF SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015.
Pursuant to Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, (LODR) we would like to inform you that the Company had issued and allotted 46,29,629 fully paid-up equity shares of face value of Rs. 10 each for cash at a price of Rs. 108 per equity share (including a premium of Rs. 98 per equity share) aggregating to Rs. 49.99 crores to Aichi Steel Corporation on 4th November, 2019. In this respect, please note that out of the funds so raised, Rs. 31.08 crores are unutilized till date. A statement of deviation or variation or utilization of funds under regulation 32 of SEBI LODR, as reviewed by the Audit Committee in its meeting held today, i.e. 29th April, 2022, is enclosed herewith. VARDHMAN SPECIAL STEELS LTD. - 534392 - Board Meeting Outcome for Outcome Of Board Meeting
This is to inform you that the Board of Directors in its meeting held on 29th April, 2022 has recommended a dividend of Rs. 3.50/- 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 10:45 a.m. and concluded at 04:15 p.m.