VMSTMT

What VMS TMT promised, and what happened

Every commitment management made on a call, tracked from the quarter it was made — reaffirmed, revised, diluted or quietly dropped.

Guidance record · Q1 FY27

what the last two calls moved 11 tracked 2 delivered 0 missed 9 open
  • TMT Capacity Utilization delivered said Q4 FY26 Promised: Maintain or improve from 70-75% Q1 FY27: Management stated that TMT capacity utilization is at 90% of peak installed capacity, and overall facility utilization is around 80%, an improvement from the previous 70-75% level.
  • Integration Benefit Margin Improvement at risk said Q4 FY26 Promised: INR1,500 per ton for FY27 Q1 FY27: Profit was compressed as scrap prices went up due to the Iran conflict while TMT prices did not rise proportionally. EBITDA declined by 41% YoY, putting the realization of the INR 1,500/ton benefit at risk.
  • Maximum Production Capacity (with existing clearance) on track said Q4 FY26 Promised: 3 lakh tons Q1 FY27: Management reiterated the 3 lakh ton capacity target, which will be achieved through the proposed amalgamation with Aditya Ultra Steel Limited.

The rest of the ledger

Above is what the last two calls moved. Pro opens all 11 tracked commitments for VMS TMT — every quarter's revision, the source quote behind each one, and the topics management has stopped answering.

See what Pro opens