Vardhman Special Steels Limited reported unaudited standalone earnings results for the first quarter ended June 30, 2016. For the quarter, the company reported income from of INR 1,783.5 million against INR 1,827.6 million for the same period previous year. Profit from operations before other income, finance costs & exceptional items was INR 127 million against INR 36.6 million for the same period of previous year. Profit from ordinary activities before tax was INR 43.3 million against loss of INR 38 million for the same period of previous year. Net profit was INR 43.3 million or INR 2.33 per diluted share compared to INR 38 million or INR 2.05 per diluted share for the same period of previous year.