Vardhman Special Steels Limited announced its un-audited financial results for the quarter and nine months ended December 31, 2025. The Board of Directors approved these results in a meeting held on January 20, 2026, which commenced at 10:30 a.m. and concluded at 1:40 p.m.

For the quarter ended December 31, 2025, the company reported a Profit After Tax (PAT) of ₹3,358.59 lakhs (₹33.59 crore), a significant increase from ₹2,145.67 lakhs (₹21.46 crore) in the same period last year. Total income for the quarter stood at ₹44,371.90 lakhs (₹443.72 crore). Expenses during the quarter were ₹39,892.76 lakhs (₹398.93 crore).

For the nine months ended December 31, 2025, the PAT was ₹8,804.45 lakhs (₹88.04 crore), compared to ₹7,335.60 lakhs (₹73.36 crore) for the corresponding period in the previous year. Total income for the nine months was ₹1,32,840.70 lakhs (₹1,328.41 crore), with total expenses at ₹1,21,034.51 lakhs (₹1,210.35 crore).

During the quarter, the company issued 58,500 equity shares under its Employee Stock Options Scheme, increasing the paid-up equity share capital. The company also noted that consolidated financials are not required as it holds no subsidiary or associate investments following an amended agreement related to a solar power plant investment.