VSTL Vibhor Steel Tubes Q3 FY26 results (Oct–Dec 2025) and concall
Vibhor Steel reported a strong Q3 FY26 with revenue up 21% YoY to ₹301 crores, driven by the ramp-up of its Jharsuguda plant. The company is actively expanding capacity, including new galvanizing lines, to meet high demand for its new, higher-margin products like Crash Barriers and Transmission Line Towers. While new products show significant potential and are expected to contribute 20% of FY26 revenue, certification challenges for some segments remain a watch item.
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What they filed
Q3 FY26: revenue up 21.9%, net profit down 51.6% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 |
|---|---|---|---|---|---|---|
| Revenue | 236 | 247 | 288 | 231 | 282 +19% | 302 +22% |
| EBITDA | 7 | 10 | 11 | 10 | 9 +31% | 9 −8% |
| Net profit | 1 | 3 | 4 | 3 | 1 +60% | 2 −52% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.
