| Metric | Value (₹ Cr) | Q2 FY26 | Q3 FY25 |
|---|---|---|---|
| Revenue | 301.50 | 7.0% | 21.9% |
| Total Income | 303.99 | 7.8% | 22.9% |
| Expenditure | 301.82 | 7.7% | 24.2% |
| PBT | 2.17 | 15.5% | 51.8% |
| Net Profit | 1.66 | 16.9% | 51.6% |
| OPM | 2.95% | 0.26pp | 3.35pp |
| NPM | 0.55% | 0.05pp | 0.84pp |
| EPS | 0.87 | 16.0% | 51.9% |
Vibhor Steel Tubes Posts 16% Rise in EBITDA to Rs 11.39 Crore in Q3FY26
14 Feb 2026 · 14 Feb, 3:42 pm
Summary
Vibhor Steel Tubes Ltd (VSTL), a high-quality steel tubes and pipes maker, registered a 16% growth in EBITDA at Rs 11.39 crore for the quarter ended December 31, 2025. Total Revenue increased by 23% at Rs 303.99 crore during the quarter. The company sees over 80% of its total turnover coming from a contract manufacturing agreement with Jindal Pipes. VSTL recently commenced supply of various value-added steel products from its new plant in Odisha.
Key Highlights
- 1
16% growth in EBITDA at Rs 11.39 crore in Q3FY26
- 2
Total Revenue increased by 23% at Rs 303.99 crore
- 3
EBITDA stood at Rs 11.39 crore and Earnings per share was Rs 0.87 during the quarter
- 4
Net Profit stood at Rs 6.22 crore for the nine-months ended December 31, 2025
- 5
Operating income grew by 15% at Rs. 814.22 crore for the nine-months ended December 31, 2025
- 6
New capacity now onstream in Odisha plant
- 7
Supplying a sizeable share of the demand for value-added steel
- 8
Operates three manufacturing units in Maharashtra, Telangana, and Odisha
- 9
Total capacity of 3,77,000 MTPA
- 10
Supplies products to western and southern markets in Maharashtra, Gujarat, Madhya Pradesh, Telangana, Karnataka and Tamil Nadu
Management Comments
Vijay Kaushik
We have posted a healthy growth in turnover during the third quarter on the back of a robust demand for steel coming from infrastructure and real estate sectors. The government’s sustained emphasis on infrastructure and manufacturing sectors has helped generate a sustained momentum for domestic steel ecosystem. With our new capacity now onstream we have been able to garner a sizeable share of the demand for value-added steel. We expect a good growth in our topline and bottomline on the back of an increasing share of sale of value-added steel moving forward.
Informational and educational content only. Not investment advice.