Vibhor Steel Tubes Q1 FY27 Earnings Call Transcript
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Transcript of Q1 FY27 earnings call filed. MD Vibhor Kaushik highlighted 20% revenue growth YoY driven by Jharsuguda plant. Revenue mix is 83% pipe, 12% crash barrier, 5% other. 80-82% revenue comes from Jindal Steel, target is to bring it down to 70%. New products transmission line towers, poles, and crash barrier are gaining traction with some orders delivering 10% margins against 2% overall. New North India plant planned via subsidiary. Second galvanizing tank expected by September 1 to ease capacity constraints.
Strong order pipeline and product diversification support continued growth. Margin expansion likely as higher-margin TLT and pole orders ramp up.