Mukul Mahaveer Agarwal and Anil Kumar Goel’s portfolio stocks set record date for 1:1 bonus shares: Have you?

“Pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, you are informed that the Company has appointed Friday, the 19th May, 2023 as the Record Date for determining the eligibility of shareholders for issue of Bonus Equity.” share of the company in the ratio of 1 (one) equity share of Rs. 10/- each for every 1 (one) existing equity share of Rs. Vardhman Special Steels in a stock exchange filing said, “Postal Ballot 10/- each subject to the approval of the shareholders being received through

The company’s revenue from operations stood at Rs. 422.04 crore in Q4 FY23 as against Rs. 343.35 crore in Q4 FY22, registering a growth of 22.92% YoY. EBITDA for the quarter declined by 50.19% to Rs. 29.67 from Rs. 59.56 crore in Q4 FY22, and it stood at Rs. 5,873 per ton. Q4 FY23 PAT Rs. 13.68 crores as against PAT of Rs. 29.19 Crore in Q4 FY22, a decrease of 53.15% YoY. EPS for the quarter stood at Rs. 3.37 vs Rs. 7.20 in Q4 FY22. The volumes for the quarter increased by 21.43% YoY to 50,511 tonnes from 41,596 tonnes in Q4 FY22.

Revenue from operations in FY23 grew by 26.78% from Rs. 1,368.46 crore in FY22. 1,734.99 crores. Volumes grew 15.46% year-on-year to 2,00,095 tonnes from 1,73,307 tonnes in FY22. EBITDA declined by 11.11% to Rs. 180.08 crores from Rs. 202.58 crore in FY22. According to the firm, the PAT for FY23 was Rs. 100.45 crore, down from Rs. 100.75 crore in FY22, a decline of 0.30%, while the EPS for FY23 stood at Rs. 24.76 down from Rs. 24.87 in FY22. The board has also recommended dividend 5 per share.

Mr. Sachit Jain, Vice Chairman and Managing Director, Vardhman Special Steels Ltd. said, “Q4 FY2023 was a tough quarter, wherein on one hand we saw a healthy sales volume of over 50,500 tonnes, leading to 2,00,000 sales for the entire More than a ton was sold. year for the first time in history. On the other hand, we observed that realizations are under pressure due to price correction from OEMs, which has impacted overall EBITDA. The EBITDA showed a major decline as compared to Q4 as the Q3 saw a price cut in this quarter as well.”

“EBITDA per tonne was also impacted due to higher prices of fuel and consumables and lower other income. Despite some perceived difficulties, we have achieved an EBITDA/tonne of Rs. 9,000 for the entire year is within the stated limit of Rs. 7,000 – 10,000,” he added.

“This quarter marked a breakthrough in the Company and I am pleased to inform that the Company commenced mass production of steel for certain grades for Aichi Steel Corporation’s forging companies located in Southeast Asia for which the approval has been received. Also, we are happy to share that we organized a spectacular celebration of Vardhman Group’s 50 glorious years in the steel business. Mr. Takahiro Fujioka, Chairman, Aichi Steel Corporation, Japan Chief were guests. The entire Vardhman team deserves appreciation for the tremendous work they have done. We remain focused and committed towards our strategic goals and are actively working to improve our performance going forward. I I assure our stakeholders that we will maintain the momentum of our efforts and hard work and continue to work in line with the stated objectives,” said Mr. Sachit Jain.

Shares of Vardhman Special Steels closed on BSE today. 388.15, up 5.79% from its previous close 366.90. The stock touched a 52-week high 430.00 (12/04/2023) and at 52-week low on 201.10 (23/06/2022). During Q4FY23, the company reported promoter shareholding of 60.71%, FII shareholding of 1.14%, DII shareholding of 1.03% and public shareholding of 37.13%. During the quarter ended March 2023, top investor Mukul Mahavir Agarwal held 5,00,000 shares or 1.23% stake in Vardhman Special Steels and Anil Kumar Goel held 9,09,000 shares or 2.24% stake.