Vardhman Special Steels Limited Announces Unaudited Earnings Results for the Second Quarter and Six Months Ended September 30, 2017
November 04, 2017 at 07:39 am EDT
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Vardhman Special Steels Limited announced unaudited earnings results for the second quarter and six months ended September 30, 2017. For the quarter, the company reported income from operation was INR 2,070.6 million against INR 1,914 million a year ago. Profit before tax was INR 58.3 million against INR 64 million a year ago. Net profit after tax was INR 58.3 million against INR 64 million a year ago. Basic and diluted earnings per share not annualized were INR 1.82 against INR 3.45 a year ago.
For the period, the company reported income from operation of INR 4,281.1 million against INR 3,697.5 million a year ago. Profit before tax was INR 82.8 million against INR 107.2 million a year ago. Net profit after tax was INR 82.8 million against INR 107.2 million a year ago. Basic and diluted earnings per share were INR 2.85 against INR 5.78 a year ago.
Vardhman Special Steels Limited is an India-based company engaged in the business of manufacturing special and alloy steels. The Company is engaged in producing high-grade billets and hot-rolled bars for varied applications in engineering, automotive, tractor, bearing and allied industries. It produces a variety of steels in terms of type and size. The Company offers products, such as hot rolled, round corner square, peeled and reeled bars, peeled and ground bars, drawn and ground bars, and heat treatment bars. The Company also offers Carbon Steel, Carbon Manganese Steel, Case Hardening Steel, Chrome Steel, Chrome Manganese Steel, Chrome-Moly Steel, Nickel Chrome / Nickel Chrome Moly Steel, Through Hardening Steel, Boron Steel, Micro Alloyed Steel, Vanadium Steel, Nitriding Steel, Ball Bearing Steel, Free/Semi Free Cutting Steel, Spring Steel and High Titanium Steel. It manufactures products using technologies, such as Steel Melting, Bright Bar, Rolling Mill and Heat Treatment.