Vibhor Steel Tubes Limited has informed the Exchange about Transcript
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Vibhor Steel Tubes held an investor update call highlighting a strong H1 FY26 with revenue up 19% YoY and PAT jumping 60% YoY; H1 already achieved 51% of full-year revenue. The newly commissioned Odisha plant is now operational across four product lines (pipes, crash barriers, transmission line towers, and poles), taking total installed capacity to 3,77,000 metric tons. Management guided that EBITDA margins can improve by roughly 2% as value-added products scale toward a 75:25 product mix, with transmission line towers carrying 3-4% higher margins than pipes, poles 2-3% higher, and monopoles 8-10%+. The company disclosed an order book of around 800 MT pipe and 600+ MT crash barrier in Odisha, 2,600 MT pending in Bombay, and 1,800 MT in Hyderabad, with Odisha targeting 30% utilization in Q4. Sitting on inventory of over 25,000 tons, management indicated a Rs. 3,000-3,500/ton steel price increase (driven by anti-dumping and safeguard duty on Chinese imports) will reflect in H2 numbers, making the second half expectedly stronger.
Product diversification beyond pipes, the Odisha plant ramp-up, and a favorable steel pricing backdrop point to improving earnings momentum in H2 FY26 and beyond. For shareholders, this signals potential margin expansion and revenue growth, though execution on the new product mix and Odisha capacity utilization remains the key thing to watch.