Vardhman Special Steels Limited Reports Earnings Results for the Fourth Quarter Ended March 31, 2020
June 15, 2020 at 08:44 am EDT
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Vardhman Special Steels Limited announced earnings results for the fourth quarter ended March 31, 2020. For the fourth quarter, the company announced total revenue was INR 2,071.242 million compared to INR 2,437.949 million a year ago. Net income was INR 35.690 million compared to net loss of INR 1.548 million a year ago. Basic earnings per share was INR 0.88 compared to basic loss per share of INR 0.04 a year ago. For the full year, total revenue was INR 8,555.985 million compared to INR 11,226.331 million a year ago. Net income was INR 33.399 million compared to INR 222.060 million a year ago. Basic earnings per share was INR 0.89 compared to INR 6.22 a year ago. Diluted earnings per share was INR 0.89 compared to INR 6.19 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.
VARDHMAN SPECIAL STEELS LIMITED 
