VSTL Vibhor Steel Tubes Q4 FY26 results (Jan–Mar 2026) and concall
Vibhor Steel reported strong Q4 and H2 FY26 results with significant revenue and EBITDA growth. The company's strategic diversification into new products like transmission line towers and poles is gaining traction, supported by capacity expansions and a rating upgrade. While geopolitical events have impacted costs and exports, management is focused on optimizing capacity utilization and improving margins through a favorable product mix shift.
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What they filed
Q4 FY26: revenue up 16.2%, net profit down 42.1% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|
| Revenue | 236 | 247 | 288 | 231 | 282 +19% | 302 +22% | 335 +16% |
| EBITDA | 7 | 10 | 11 | 10 | 9 +31% | 9 −8% | 15 +38% |
| Net profit | 1 | 3 | 4 | 3 | 1 +60% | 2 −52% | 3 −42% |
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.





