Vardhman Special Steels Limited reported unaudited standalone earnings results for the first quarter ended June 30, 2015. For the quarter, the company reported net sales/income from operations (net of excise duty) of INR 1,684.9 million against INR 1,452.0 million for the same period previous year. Profit from operations before other income, finance costs & exceptional items was INR 35.5 million against INR 15.9 million for the same period of previous year.

Loss from ordinary activities before tax was INR 38.5 million against INR 26.7 million for the same period of previous year. Net loss was INR 38.5 million or INR 2.08 per diluted share compared to INR 26.7 million or INR 1.44 per diluted share for the same period of previous year.