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Vardhman Special Steels Limited reported a 7.39% year-on-year increase in revenue from operations for Q3 FY25, reaching ₹426.77 crore, driven primarily by a 14% rise in volumes for rolled products despite pricing pressures. The EBITDA stood at ₹42.05 crore, with an EBITDA per ton of ₹7,981, maintaining expected margins. For the nine months ended December 2024, total income grew to ₹1,358.30 crore, a 9.36% increase year-on-year, with an EBITDA of ₹138.54 crore, reflecting a significant 20.76% increase. The company successfully tested its annual billet production capacity of 300,000 tonnes and anticipates a plant shutdown for maintenance in March. Strategically, Vardhman is focused on sustainable growth and has outlined initiatives to increase productivity, strengthen quality, and expand its market presence, particularly through its partnership with Aichi Steel Corporation, which positions it favorably in the automotive steel segment. Investors should maintain a positive outlook as Vardhman aligns its operations with long-term growth goals.