VARDHMAN SPECIAL STEELS LIMITED

Regd.Office Vardhman Premises, Chandigarh Road, Ludhiana-141010

Corporate Identity Number (CIN): L27100PB2010PLC033930, PAN: AADCV4812B
Website:www.vardhmansteel.com Email: secretarial.lud@vardhman.com
Unaudited Financial Results for Quarter and Nine Month Ended 31st December, 2015
Particulars

Quarter Ended
31st Dec' 2015
Unaudited

(Rs. In Crores)

Quarter Ended
30 Sep' 2015

Quarter
Nine Month
Nine month
Year Ended 31st
Ended 31st Ended 31 Dec' ended 31st
March' 2015
Dec,2014
2015
Dec,2014
Unaudited Unaudited
Unaudited
Unaudited
Audited

1 Income From Operations

a)
b)
2
a)
b)
c)
d)
e)
f)
g)
3
4
5
6
7

Net Sale/Income From Operations (Net of Excise Duty)

Other Operating Income
Total Income from operations (Net)
Expenses
Cost of Materials Consumed
Purchase of Stocks- In Trade
Change in Inventories of Finished Goods,
works -in progress and stock -in- trade
Employee Benefits Expenses
Depreciation and Amortisation Expense
Power & Fuel
Other Expenses
Total Expenses
Profit/(Loss) from Operations before Other
Income ,Finance Costs and Exceptional Items (1-2)
Other Income
Profit/(Loss) from ordinary activities
before Finance Costs and Exceptional Items (3+4)
Finance Cost
Profit/(Loss) from ordinary activities
after Finance Costs but before Exceptional Items (5-6)

163.11
0.47
163.58

167.09
0.51
167.60

175.28
0.52
175.80

498.69
1.40
500.09

487.16
0.88
488.04

661.60
1.57
663.17

86.27

83.31

119.26

252.91

306.43

408.85

(2.80)

9.53

-7.77

26.64

9.14
4.32
29.12
28.04
154.09
9.49

8.49
4.14
26.84
28.51
160.82
6.78

7.28
3.25
27.49
27.72
177.23
(1.43)

24.86
12.64
79.90
83.31
480.26
19.83

1.12

0.14
9.63

0.78
7.56

5.08
3.65

0.97
20.81

5.53
3.09

5.83
9.41

6.28

5.28

5.46

17.11

13.70

20.21

21.10
10.22
78.25
73.36
490.48
(2.44)

(1.57)
28.36
13.87
103.73
106.35
659.59
3.58

3.36

2.28

(1.81)

3.70

(10.61)

(10.80)

(1.33)
4.69

3.23
(0.95)

2.14
(3.95)

3.80
(0.10)

5.20
(15.81)

4.31
(15.11)

10 Tax Expense
11 Net Profit/(Loss) from ordinary activities after Tax (9-10)

0.00
4.69

(0.95)

(3.95)

(0.10)

(15.81)

0.01
(15.12)

12 Extraordinary Items(Net of Expense)

13 Net Profit/ Loss) for the Period(11+12)

4.69

(0.95)

(3.95)

(0.10)

(15.81)

(15.12)

18.56

18.56

18.56

18.56

18.56

2.52
2.52

(0.51)
(0.51)

(2.13)
(2.13)

(0.05)
(0.05)

(8.52)
(8.52)

(8.14)
(8.14)

2.52
2.52

(0.51)
(0.51)

(2.13)
(2.13)

(0.05)
(0.05)

(8.52)
(8.52)

(8.14)
(8.14)

4,643,967
25.03%

4643967
25.03%

4,643,967
25.03%

4643967
25.03%

4,643,967
25.03%

8 Exceptional Items (refer note-2)

9 Profit/(Loss) from ordinary activities before Tax (7-8)

14 Paid-up Equity Capital (Face Value Rs. 10/- per share)

15 Reserve excluding Revaluation Reserves as per
Balance Sheet of previous accounting year
16 (i Earnings Per Share ( before Extraordinary Items)
( in Rs.) (not annualized):
(a)Basic
(b) Diluted
16 (i Earnings Per Share ( after Extraordinary Items)
( in Rs ) (not annualized):
(a)Basic
(b) Diluted
A
PARTICULARS OF SHARE HOLDING
1 Public Shareholding
-Number of Shares
- Percentage of Shareholding
2 Promoters and Promoter Group Shareholding
(a) Pledged/Encumbered
-Number of Shares
Percentage of Share ( as a% of the total
Shareholding of promoter and promoter group)
Percentage of share ( as a% of the total
share capital of the company
b) Non-encumbered
-Number of share
Percentage of share ( as a% of the total
shareholding of promoter and promoter group)
Percentage of share ( as a% of the total
share capital of the company
B
INVESTORS COMPLAINTS
Pending at the beginning of the quarter
Received during that quarter
Disposed of during the quarter
Pending Unsolved at the end of the Quarter

4,643,967
25.03%

18.56
151.17

13,911,409
100.00%
74.97%

13,911,409 13911409
100.00% 100.00%
74.97%

74.97%

13,911,409
100.00%

13911409
100.00%

13,911,409
100.00%

74.97%

74.97%

74.97%

NOTES:

1. The Company operates only in one business segment viz. "Steel" which is the reportable segment in accordance with the requirements of Accounting
Standard ( AS ) -17 on Segment Reporting issued by the Institute of Chartered Accountants of India.
2. Exceptional Items comprises forex gain/loss related to External Commercial borrowings (ECB).
3. The Company is eligible for incentives under the Mega Project Policy of the Punjab State Government for its expansion completed during last year.
Though the plant has been commissioned but the benefits have not been considered in the above results as the same is pending for sanction by
appropriate authority.
4. The Employee benefit expenses for the current quarter includes additional bonus provision for the previous financial year and current year to date as
per the provisions of Payment of Bonus (Amendment) Act, 2015.
5. Figures for previous periods have been recast/regrouped, wherever necessary to make them compareable.
6. The Board of Directors has approved the above results in its meeting held on 22.01.2016, which have been reviewed by Statutory Auditors as per
Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Place: New Delhi
Date : 22-01-2016

Sachit Jain
Managing Director