Vardhman Special Steels Limited Reports Unaudited Standalone Earnings Results for the Fourth Quarter Ended March 31, 2017 and Audited Standalone Earnings Results for the Full Year Ended March 31, 2017
April 28, 2017 at 09:46 am EDT
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Vardhman Special Steels Limited reported unaudited standalone earnings results for the fourth quarter ended March 31, 2017 and audited standalone earnings results for the full year ended March 31, 2017. For the quarter, the company reported income from operations of INR 1,936 million against INR 1,761.2 million for the same period previous year. Profit before exceptional items and tax was INR 47.3 million against INR 44.5 million for the same period of previous year. Profit before tax was INR 47.3 million against INR 44.5 million for the same period of previous year. Net profit after tax was INR 47.3 million or INR 2.55 per basic and diluted share compared to INR 44.5 million or INR 2.40 per basic and diluted share for the same period of previous year.
For the full year, the company reported income from operations of INR 7,531.3 million against INR 7,255.2 million for the same period previous year. Profit before exceptional items and tax was INR 191.4 million against INR 42.2 million for the same period of previous year. Profit before tax was INR 191.4 million against INR 42.2 million for the same period of previous year. Net profit after tax was INR 191.4 million or INR 10.31 per basic and diluted share compared INR 42.2 million or INR 2.27 per basic and diluted share for the same period of previous year.
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 Reports Unaudited Standalone Earnings Results for the Fourth Quarter Ended March 31, 2017 and Audited Standalone Earnings Results for the Full Year Ended March 31, 2017