Vibhor Steel Tubes posts 16.24 percent surge in revenue at Rs 335.13 crore in Q4FY26 backed by capacity addition and strong demand

Mumbai, May 22: Haryana-based high-quality steel tubes and pipes maker, Vibhor Steel Tubes Ltd (VSTL), registered 16.24 per cent growth in standalone operating income at Rs 335.13 crore for the quarter ended March 31, 2026, as compared with Rs. 288.30 crore same period last year.

EBITDA increased by 26.15 per cent at Rs. 15.34 crore during the quarter under review, as compared with Rs. 12.16 crores same period last year.

Net profit declined by 42.12 per cent at Rs 2.57 crore during the quarter under review, as compared to Rs. 4.44 crore same period last year as a result of increase in finance costs and depreciation costs due to commencement of Odisha plant. Earnings per share was Rs 1.36 during the quarter.

For the year ended March 31, 2026, the company’s operating income increased by 15.35 per cent at Rs 1149.35 crore, as against Rs 996.38 crore last year. Net profit on a standalone basis fell by 25.32 per cent at Rs 8.79 crore, as against Rs 11.77 crore last year.

Commenting on the company’s performance, Vijay Kaushik, Chairman and Executive Director, Vibhor Steel Tubes, said, “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.”

VSTL recently commenced supply of the Electric Resistance Welded (ERW) and Galvanized (GI) Pipes produced from its greenfield plant located at Sundargarh in Odisha. Commercial production at the 156,000 MTPA facility in Odisha had started in July 2025. The plant, which entailed a total investment of Rs 119.83 crore, offers several value-added steel products such as crash barriers, Power Transmission Line Towers, high mast lighting poles, octagonal poles and monopoles.

The company manufactures steel products such as electric resistance welded pipes, hot-dipped galvanized pipes, hollow section pipes, primer painted pipes, crash barriers, Power Transmission Line Towers, high mast lighting poles, octagonal poles and monopoles among others. VSTL, which has a contract manufacturing agreement with Jindal Pipes to manufacture and supply finished goods under the brand name Jindal Star, currently sees over 80 per cent of its total turnover coming from this one segment.

Crisil Ratings had recently assigned ‘BBB+/Stable’ long-term rating and ‘Crisil A2’ short-term rating to its bank loan facilities aggregating to Rs 370 crore. The rating reflects VSTL’s established market position in the steel tubes and pipes segment, its consistent operational performance, and prudent financial management.

The company operates three manufacturing units – first is at Raigad in Maharashtra, through which 100% of export sales occur,the secondis in the Mahbubnagardistrict of Telangana, and the third is in the Sundargarh district of Odisha.With a total capacityof 3,77,000 MTPA,the company supplies its products to western, southern and eastern markets in Maharashtra, Gujarat, MadhyaPradesh,Telangana,Karnataka, TamilNadu and Odisha.