Vardhman Special Steels Limited Reports Earnings Results for the Third Quarter Ended December 31, 2019
February 07, 2020 at 06:45 am EST
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Vardhman Special Steels Limited announced earnings results for the third quarter ended December 31, 2019. For the third quarter, the company announced total revenue was INR 1,898.5 million compared to INR 3,129.2 million a year ago. Net income was INR 18.1 million compared to INR 62.1 million a year ago. Basic earnings per share was INR 0.47 compared to INR 1.74 a year ago. For the nine months, total revenue was INR 6,484.8 million compared to INR 8,788.4 million a year ago. Net loss was INR 2.2 million compared to net income of INR 223.6 million a year ago. Basic loss per share was INR 0.06 compared to basic earnings per share of INR 6.26 a year ago. Diluted loss per share was INR 0.06 compared to diluted earnings per share of INR 6.25 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 
