Vardhman Special Steels Limited

rs,

arial.lud@vardhman.com Dated: 29.10.2025, BSE Limited, New Trading Ring, Rotunda Building, P.J. Towers, Dalal Street, MUMBAI-400001. Scrip Code: 534392 The National Stock Exchange of India Ltd, Exchange P

30%

herewith Investor Presentation on financial results of the Company for the quarter/ half-year ended 30% September, 2025. Kindly take the same on record. Thanking you, Yours faithfully, For VARDHMAN SPECI

Rs. 432.27 crore

or such third party statements and projections. Q2 FY26 was a stable quarter with total revenue of Rs. 432.27 crores, EBITDA of Rs. 56.48 crores, and PAT of Rs. 34.56 crores. The Company achieved its EBITDA per ton

Rs. 56.48 crore

s and projections. Q2 FY26 was a stable quarter with total revenue of Rs. 432.27 crores, EBITDA of Rs. 56.48 crores, and PAT of Rs. 34.56 crores. The Company achieved its EBITDA per ton of Rs. 10,170, primarily dri

Rs. 34.56 crore

as a stable quarter with total revenue of Rs. 432.27 crores, EBITDA of Rs. 56.48 crores, and PAT of Rs. 34.56 crores. The Company achieved its EBITDA per ton of Rs. 10,170, primarily driven by lower raw material cos

Rs. 10,170,

EBITDA of Rs. 56.48 crores, and PAT of Rs. 34.56 crores. The Company achieved its EBITDA per ton of Rs. 10,170, primarily driven by lower raw material costs and higher other income. Sales volume stood at 55,536 t

Rs. 385 crore

lf of the financial year, further boosting capacity and operational performance.With regards to the Rs. 385 crores received by the company from Aichi, Rs. 150 crores were utilized to repay short-term borrowings, w

Rs. 150 crore

and operational performance.With regards to the Rs. 385 crores received by the company from Aichi, Rs. 150 crores were utilized to repay short-term borrowings, while the balance amount has been temporarily parked

2920.73%

roreQ2 FY26Q2 FY25Y-o-Y %Q1 FY26Revenue From Operations432.27494.82(12.64)%433.70Other Income11.229.2920.73%7.50Total Income443.49504.11(12.02)%441.20Cost of Materials Consumed 260.73265.62(1.84)%228.88Purcha

5010.01%

Inventory(11.90)56.43-41.27Raw Material Expenses 248.83322.05(22.74)%270.15Employee Expenses29.1526.5010.01%26.20Power & Fuel51.7146.3211.63%43.61Other Expenses57.3360.79(5.70)%61.90Total Expenditure387.01455

3211.63%

terial Expenses 248.83322.05(22.74)%270.15Employee Expenses29.1526.5010.01%26.20Power & Fuel51.7146.3211.63%43.61Other Expenses57.3360.79(5.70)%61.90Total Expenditure387.01455.66(15.07)%401.87EBITDA56.4848.45

4516.58%

3%43.61Other Expenses57.3360.79(5.70)%61.90Total Expenditure387.01455.66(15.07)%401.87EBITDA56.4848.4516.58%39.33Depreciation8.088.40(3.74)%9.00Interest / Finance Cost1.905.37(64.67)%3.56PBT46.5034.6834.07%26