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Vardhman Special Steels' Profit Rises in Fiscal Q4; Shares Up 10%

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-- 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.

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