Asia
Vardhman Special Steels' Profit Rises in Fiscal Q4; Shares Up 10%
Vardhman Special Steels' (NSE:VSSL, BOM:534392) profit after tax rose to 339.8 million Indian rupees in the fiscal fourth quarter ended March 31, from 197.3 million rupees a year ago.Earnings per share came in at 3.51 rupees from 2.41 rupees, the steel manufacturer said in a filing to the Indian stock exchanges on Tuesday.Revenue from operations in fiscal Q4 also increased to 4.58 billion rupees from 4.28 billion rupees a year ago.The company's board recommended a dividend of 3.5 rupees per share for the financial year ended March 31.The company's shares were up over 10% in recent trade.
BOM:534392NSE:VSSL
