Investor Presentaiton
Management's Message
VARDHMAN SPECIAL STEELS LTD.
A COMMITMENT TO QUALITY
Commenting on the results Mr. Sachit Jain, Vice Chairman and Managing Director said -
"We are pleased to announce that our Company has performed well during the first quarter of this
financial year. During the first quarter, our sales volumes stood at 43,705 tonnes with a revenue of Rs.
330.14 crore and EBIDTA of Rs. 53.71. This growth can be attributed to growing demand in the
automotive sector and strong demand from OEMs/component manufacturers for our products and
increase in prices.
We are also happy to inform that during this quarter, our Company received its long pending
environmental clearance from Ministry of Environment for expansion from 2,00,000 MT per annum to
2,80,000 MT per annum of rolled products.
As far as the demand is concerned, the next couple of months would be similar to the first quarter and
we anticipate strong demand after the fear of the third wave of COVID subsides. This along with
consistent improvement in our operational efficiencies will improve the Company's overall business.
Our greatest strength has always been our employees who have never failed to deliver even in the
toughest of situations and has always treated this Company as their own.
Overall, we remain focused on creating value for our stakeholders and managing the business for the
long term to transform our business and our ways of working. I am thankful to the entire team at
Vardhman for overcoming gripping uncertainties and delivering good results."
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