financetom
Market
financetom
/
Market
/
Vardhman Special Steels Q2FY22: Full year earnings likely to be in range of Rs 7,000-10,000 EBITDA per tonne, says CMD
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Vardhman Special Steels Q2FY22: Full year earnings likely to be in range of Rs 7,000-10,000 EBITDA per tonne, says CMD
Oct 26, 2021 10:48 AM

Vardhman Special Steels on Tuesday said the full-year earnings likely to be in the range of Rs 7,000-10,000 EBITDA (Earnings before interest, taxes, depreciation) per tonne after it reported its net profit of Rs 24.29 crore.

In an interview with CNBC-TV18, Sachit Jain, vice chairman and managing director said, "For future guidance, I would like people to look at the normal range rather than Q2FY22 levels of Rs 11,200 per tonne."

Also Read: Shortage of semiconductor in auto space hit sales: Vardhman Special

The company reported margins of 13.78 percent compared to 8.35 percent in the same quarter last year. While EBITDA was at Rs 11,216 per tonne.

Watch the video for more.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Sector Update: Health Care Stocks Rise Late Afternoon
Sector Update: Health Care Stocks Rise Late Afternoon
Nov 7, 2024
03:59 PM EST, 11/05/2024 (MT Newswires) -- Health care stocks rose late Tuesday afternoon with the NYSE Health Care Index up 0.4% and the Health Care Select Sector SPDR Fund (XLV) adding 0.7%. The iShares Biotechnology ETF (IBB) climbed 1.4%. In corporate news, Premier (PINC) shares jumped past 13% after fiscal Q1 earnings beat estimates. Bionomics (BNOX) shares surged almost...
Futures steady after Trump-fueled rally, Fed's rate decision awaited
Futures steady after Trump-fueled rally, Fed's rate decision awaited
Nov 7, 2024
(Reuters) - U.S. stock futures edged higher ahead of an interest-rate decision by the Federal Reserve on Thursday, building on a sharp rally set off by Donald Trump's stunning comeback as U.S. president for a second time. Traders have about fully priced in a 25-basis point rate cut, but will keep a close watch on the central bank's policy statement...
US STOCKS-Stocks jump on Election Day as investors eye outcome
US STOCKS-Stocks jump on Election Day as investors eye outcome
Nov 7, 2024
* Polls show tight race, Trump leads in betting markets * Trump-linked stock sees large swings * Palantir ( PLTR ) soars after results (Updates to market close) By Chuck Mikolajczak NEW YORK, Nov 5 (Reuters) - U.S. stocks closed sharply higher in a broad rally on Tuesday after data signaled a solid economy, but investors braced for volatile trading...
Sector Update: Consumer
Sector Update: Consumer
Nov 7, 2024
03:33 PM EST, 11/05/2024 (MT Newswires) -- Consumer stocks rose late Tuesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) up 0.5% and the Consumer Discretionary Select Sector SPDR Fund (XLY) gaining 1.6%. In corporate news, Yum Brands ( YUM ) reported weaker-than-expected Q3 results as the Middle East conflict eroded sales at KFC ( YUM ) and...
Copyright 2023-2026 - www.financetom.com All Rights Reserved