Quarterly Result28 May 2025, 04:18 pm
Vibhor Steel Tubes Ltd. Announces Q4 and FY2024-25 Financial Results with a 100% Increase in Capex for Odisha Plant
AI Summary
Vibhor Steel Tubes Ltd. held a Board Meeting on May 28, 2025, and approved the Audited Financial Results for the Quarter and Year ended 31st March 2025. The company reported a net profit and other comprehensive income in accordance with the Indian Accounting Standards. Additionally, the Board approved an additional capex cost of Rs. 60 crores for its Sundargarh (Odisha) Plant, increasing the project outlay from Rs. 60 crores to 120 crores and enhancing the annual capacity from 120,000 MT to 1,56,000M.T per annum. The additional project cost will be funded through external debt financing.
Key Highlights
- Approval of Audited Financial Results for Q4 and FY2024-25
- Net profit and other comprehensive income reported as per Indian Accounting Standards
- Additional capex cost of Rs. 60 crores approved for Sundargarh (Odisha) Plant
- Project outlay increased from Rs. 60 crores to 120 crores
- Annual capacity enhancement from 120,000 MT to 1,56,000M.T per annum
- External debt financing for additional project cost