Vibhor Steel Tubes Limited has informed the Exchange regarding a press release dated May 21, 2026, titled "Vibhor Steel Tubes posts 16.24% surge in revenue at Rs 335.13 crore in Q4FY26 backed by capacity addition and strong demand".
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Vibhor Steel Tubes reported Q4FY26 standalone operating income of Rs 335.13 crore, up 16.24% YoY (vs Rs 288.30 crore in Q4FY25), driven by capacity addition and strong demand from infrastructure and real estate sectors. EBITDA rose 26.15% to Rs 15.34 crore (vs Rs 12.16 crore), indicating margin expansion. However, net profit declined sharply by 42.12% to Rs 2.57 crore (vs Rs 4.44 crore) due to higher finance costs and depreciation from the newly commissioned Odisha plant (commercial production started July 2025, total investment Rs 119.83 crore). For FY26, revenue grew 15.35% to Rs 1149.35 crore but net profit fell 25.32% to Rs 8.79 crore. EPS stood at Rs 1.36 for the quarter. CRISIL has assigned BBB+/Stable and Crisil A2 ratings to bank facilities of Rs 370 crore. The company operates 3 plants with total capacity of 3,77,000 MTPA.
Strong top-line growth is positive, but the steep decline in net profit due to elevated interest and depreciation costs from the new Odisha plant raises concerns about near-term profitability recovery. Investors should monitor whether the new plant drives revenue and profit growth in coming quarters.