Vardhman Special Steels Q2 Results FY27: PAT Rises 51.88% to Rs 52.49 Cr, Revenue Rs 600.05 Cr

Vardhman Special Steels Ltd (VSSL) Q2 Results FY27 announced on 27 October 2026, covering the company's financial performance for the July to September quarter. The results date brought revenue of Rs 600.05 Cr against Rs 432.27 Cr a year earlier, and PAT of Rs 52.49 Cr against Rs 34.56 Cr. Vardhman Special Steels Q2 Results FY27 are standalone results, so the figures cover the company on its own.

This Vardhman Special Steels Q2 Results analysis walks through the financial highlights, business drivers, FY27 outlook and risks. Readers who track quarterly numbers on the Univest Screener can read this results analysis beside the table, and the Financial Highlights put each figure next to the year-ago quarter.

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Vardhman Special Steels Q2 Results FY27: Financial Highlights

Metric	Q2 FY27 (Sep 26)	Q2 FY26 (Sep 25)	YoY Change
Revenue	Rs 600.05 Cr	Rs 432.27 Cr	+38.81% YoY
Operating Profit	Rs 69.12 Cr	Rs 45.26 Cr	+52.72% YoY
Net Profit (PAT)	Rs 52.49 Cr	Rs 34.56 Cr	+51.88% YoY

Source: company filing for Vardhman Special Steels Q2 Results FY27, 27 October 2026. Figures in Rs Crore, Standalone basis.

Key Takeaways from Vardhman Special Steels Q2 Results: What Stands Out

• Revenue: Standalone revenue grew 38.81% YoY to Rs 600.05 Cr, up from Rs 432.27 Cr in the quarter a year earlier.
• Net profit: Net profit increased 51.88% YoY to Rs 52.49 Cr from Rs 34.56 Cr, a YoY growth rate ahead of the revenue rate.
• Operating Profit: Operating Profit stood at Rs 69.12 Cr against Rs 45.26 Cr, a rise of 52.72% that Vardhman Special Steels Q2 Results FY27 record.
• Returns: Return on capital employed was 15.38% in FY26, while return on equity was 11.78% in FY26.
• Risk headline: Return on equity declined to 11.78% in FY26 from 12.30% in FY25, and the performance analysis below sets the quarter beside it.

Vardhman Special Steels Q2 Results FY27: Performance Analysis

Vardhman Special Steels Q2 Results FY27 show net profit of Rs 52.49 Cr, up 51.88% YoY, on standalone revenue of Rs 600.05 Cr, up 38.81% YoY. Both lines grew, with profit rising faster than revenue across these quarterly results.

Vardhman Special Steels Q2 Results FY27 also give Operating Profit of Rs 69.12 Cr, up 52.72% from Rs 45.26 Cr. Net profit of Rs 52.49 Cr compares with Rs 34.56 Cr, so each profit line moved up by more than the revenue line did.

Vardhman Special Steels Q2 Results leave investors with three figures to track in later disclosures: revenue against Rs 432.27 Cr, Operating Profit against Rs 45.26 Cr and net profit against Rs 34.56 Cr. Following YoY growth in these lines on the Univest Screener keeps the comparison steady. The business factors behind these quarterly results come next.

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Key Business Factors This Quarter

Revenue Growth – The business factors for these quarterly results start with the top line, where revenue grew 38.8% YoY to Rs 600.05 Cr in the latest quarter. This is the base on which the profit lines are read.

Net Profit Growth – Net profit rose 51.9% YoY to Rs 52.49 Cr. In Vardhman Special Steels Q2 Results FY27, this is the second business factor and it sits alongside the Operating Profit of Rs 69.12 Cr.

Capital Returns – Return on capital employed was 15.38% in FY26. This full-year ratio gives context to the quarterly profit figures and sets the context for the FY27 outlook.

FY27 Outlook After Vardhman Special Steels Q2 Results

The FY27 outlook for Vardhman Special Steels will depend on the quarters that follow, because one set of quarterly numbers covers only July to September 2026. Revenue of Rs 600.05 Cr, Operating Profit of Rs 69.12 Cr and net profit of Rs 52.49 Cr form the base that later disclosures will be read against.

The results analysis for Vardhman Special Steels Q2 Results FY27 rests on the reported figures. Net profit growth of 51.88% YoY and revenue growth of 38.81% YoY are the readings each new quarter will be compared with, and the risks that sit beside them come next.

Key Risks to Watch After Vardhman Special Steels Q2 Results FY27

Return on Equity Decline

Return on equity declined to 11.78% in FY26 from 12.30% in FY25. For Vardhman Special Steels Q2 Results FY27, this full-year reading sits beside the strong quarterly YoY growth, so investors can follow both together.

Return on Capital Employed Decline

Return on capital employed declined to 15.38% in FY26 from 16.71% in FY25. Investors can watch whether later disclosures show this ratio moving back up as net profit grows.

Return on Equity Below 15%

Return on equity of 11.78% in FY26 is below 15%. This is a full-year figure for the company, and it frames how investors read the quarter. The conclusion brings these standalone results together.

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Conclusion

Vardhman Special Steels Q2 Results FY27 show standalone revenue of Rs 600.05 Cr, up 38.81% YoY, and net profit of Rs 52.49 Cr, up 51.88% YoY. These quarterly results put growth in revenue, Operating Profit and net profit side by side. Readers can follow Vardhman Special Steels Q2 Results on the Univest app and should consult a SEBI-registered advisor before acting.

Frequently Asked Questions on Vardhman Special Steels Q2 Results FY27

What are Vardhman Special Steels Q2 Results FY27?

Ans. Vardhman Special Steels Q2 Results FY27 are the standalone quarterly results declared on 27 October 2026 for July to September 2026. Alongside this, the Performance Analysis section covers revenue, Operating Profit and net profit in full.

What is the results date for Vardhman Special Steels Q2 Results FY27?

Ans. Vardhman Special Steels declared its Q2 FY27 results on 27 October 2026, so the results date covers July to September 2026, which means the Financial Highlights table compares it with the same quarter last year.

What revenue was reported in Vardhman Special Steels Q2 Results FY27?

Ans. Vardhman Special Steels reported standalone revenue of Rs 600.05 Cr in Q2 FY27, compared with Rs 432.27 Cr a year earlier, as the Performance Analysis section sets out in its opening paragraph.

What net profit was reported in Vardhman Special Steels Q2 Results FY27?

Ans. Vardhman Special Steels reported net profit of Rs 52.49 Cr in Q2 FY27 against Rs 34.56 Cr a year earlier, so the Key Takeaways section lists it as the main profit figure of the quarter.

How much YoY growth did revenue show in Vardhman Special Steels Q2 Results FY27?

Ans. Revenue showed YoY growth of 38.81% in Vardhman Special Steels Q2 Results FY27, rising from Rs 432.27 Cr to Rs 600.05 Cr, while net profit grew faster at 51.88%, as the Performance Analysis section explains.

Did net profit rise or fall in Vardhman Special Steels Q2 Results?

Ans. Net profit rose in Vardhman Special Steels Q2 Results, up 51.88% YoY to Rs 52.49 Cr, which means profit grew faster than revenue, as the Key Takeaways section shows.

What was the Operating Profit in Vardhman Special Steels Q2 Results FY27?

Ans. Operating Profit was Rs 69.12 Cr in Vardhman Special Steels Q2 Results FY27, up 52.72% from Rs 45.26 Cr a year earlier, which means it grew in line with net profit, as the Performance Analysis section describes.

Are Vardhman Special Steels Q2 Results consolidated results or standalone results?

Ans. Vardhman Special Steels Q2 Results are standalone results, so the Rs 600.05 Cr revenue and Rs 52.49 Cr net profit cover the company on its own, as the opening paragraphs of the article state.

What business factors shaped Vardhman Special Steels Q2 Results FY27?

Ans. The business factors listed for Vardhman Special Steels Q2 Results FY27 are revenue growth of 38.8% YoY, net profit growth of 51.9% and return on capital employed of 15.38% in FY26, as the Key Business Factors section explains.

What are the key risks after Vardhman Special Steels Q2 Results FY27?

Ans. The key risks after Vardhman Special Steels Q2 Results FY27 are lower return on equity at 11.78%, lower return on capital employed at 15.38% and return on equity below 15%, as the Key Risks section sets out.

What is the outlook after Vardhman Special Steels Q2 Results?

Ans. The FY27 outlook depends on later quarters, since Vardhman Special Steels Q2 Results cover only July to September 2026, and the Outlook section frames the reported figures as the base for comparison.

Where can I find the complete Vardhman Special Steels Q2 Results FY27 data?

Ans. The complete data for Vardhman Special Steels Q2 Results FY27 sits in the Financial Highlights table above, which compares revenue and net profit with the same quarter last year, and the Univest Screener helps compare later quarterly results.