| Metric | Value (₹ Cr) | Q3 FY26 | Q4 FY25 |
|---|---|---|---|
| Revenue | 335.13 | 11.2% | 16.2% |
| Total Income | 335.09 | 10.2% | 15.8% |
| Expenditure | 329.61 | 9.2% | 16.6% |
| PBT | 4.16 | 91.5% | 37.4% |
| Net Profit | 2.57 | 55.2% | 42.0% |
| OPM | 4.19% | 1.24pp | 0.34pp |
| NPM | 0.77% | 0.22pp | 0.76pp |
| EPS | 1.36 | 56.3% | 41.9% |
Vibhor Steel Tubes Q4FY26 Revenue Up 16.24% to ₹335.13 Cr
21 May 2026 · 21 May, 3:16 pm
Summary
Vibhor Steel Tubes Ltd (VSTL) delivered a robust topline performance in Q4FY26, with standalone operating income growing 16.24% to ₹335.13 crore and EBITDA increasing by 26.15% to ₹15.34 crore. However, net profit for the quarter saw a significant decline of 42.12% to ₹2.57 crore, primarily due to higher finance and depreciation costs associated with the commencement of its new Odisha plant. For the full fiscal year FY26, operating income rose 15.35% to ₹1,149.35 crore, while net profit decreased 25.32% to ₹8.79 crore. Chairman and Executive Director, Vijay Kaushik, expressed confidence in the company's ability to capitalize on the increasing steel demand from the infrastructure and real estate sectors, leveraging its recently operational additional capacity.
Key Highlights
- 1
Vibhor Steel Tubes reported a 16.24% increase in standalone operating income, reaching ₹335.13 crore for the fourth quarter of fiscal year 2026 (Q4FY26).
- 2
EBITDA for Q4FY26 surged by 26.15% to ₹15.34 crore, demonstrating improved operational efficiency.
- 3
Despite topline growth, net profit for Q4FY26 declined by 42.12% to ₹2.57 crore, attributed primarily to increased finance and depreciation costs from the newly commissioned Odisha plant.
- 4
For the full fiscal year ended March 31, 2026, the company's operating income grew by 15.35% to ₹1,149.35 crore.
- 5
The full-year net profit for FY26 decreased by 25.32% to ₹8.79 crore compared to the previous fiscal year.
- 6
The company recently commenced commercial production at its greenfield plant in Sundargarh, Odisha, which has a 156,000 MTPA capacity and involved an investment of ₹119.83 crore.
- 7
CRISIL Ratings assigned a ‘BBB+/Stable’ long-term rating and ‘Crisil A2’ short-term rating to Vibhor Steel Tubes' bank loan facilities aggregating ₹370 crore.
Management Comments
Vijay Kaushik
We have witnessed a robust growth in our business translating into higher topline in this quarter. Steel demand from infrastructure and real estate sectors has been steadily increasing backed by government’s sustained emphasis on infrastructure and manufacturing sectors. With our additional capacity on stream, we are well positioned to capitalise on the growing demand.”
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