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Vardhman Special Steel Ltd. reported a healthy set of Q4 FY21 numbers on the back of strong demand from the automobile sector.
Sales volume for the quarter was at 47828 tonnes, up 34% YoY, 4% QoQ.
Topline came in at Rs 334.5 crore, up 63% YoY, 16% QoQ. Topline growth was on the back of higher sales volume and price increase, which came into effect from January 2021.
Ensuing Ebitda came in at Rs 52.3 crore, up 231% YoY, 32% QoQ.
Ebitda margin for the quarter was healthy at 15.6% (13.7% in Q3 FY21, 7.7% in Q4 FY20).
The robust Ebitda performance was primarily on the back of increase in sales volumes, price increase, better realisations and higher operational efficiencies.
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