Vaswani Industries Limited is an India-based company, which is engaged in the business of manufacturing and trading of sponge iron, steel billets, HB wires, iron ore pellets and generation of power. The Company's segments include Iron & Steel, Power, Real Estate, and Agri Products. Its products include forging ingots/billets, sponge iron, and power. Its forging ingots include square and fluted types. It has a capacity of producing 6000 metric tons (MT) of forging quality, casting one heat of 10 metric tons of material. It also delivers different grades of carbon/ spring/ alloy steel products, such as EN-8, EN-9, EN-18, EN-19, C-45, Sup 9 and Sup 11. Its 03 Waste heat recovery boilers (WHRB), in the form of renewable energy from 100 TPD sponge iron kilns. The electricity generated in the captive power plant is used by the steel melting shop (SMS). Sponge iron is also known as direct reduced iron and it is the product of reducing iron oxide in the form of iron ore into metallic iron.
Vaswani Industries Quarterly Result Highlights
- Vaswani Industries reported revenue of ₹92.06 crore in Jun 2024, compared with ₹90.96 crore in Mar 2024, representing an increase of 1.21% on a quarter-on-quarter (QoQ) basis.
- Vaswani Industries reported an operating profit of ₹3.55 crore in Jun 2024, compared with ₹4.64 crore in Mar 2024, representing a decrease of 23.49% on a quarter-on-quarter (QoQ) basis.
- Vaswani Industries reported a profit of ₹2.52 crore in Jun 2024, compared with ₹3.10 crore in Mar 2024, reflecting a decrease of 18.71% on a QoQ basis.