Sambhv Steel Tubes Q3 FY26 Earnings Call Transcript Released
Sambhv Steel Tubes Limited released its Q3 FY26 earnings call transcript. The company reported its strongest 9-month performance with revenue up 70% to ₹1,728 crore and PAT up 110% to ₹88 crore. Capacity expansions are progressing, including greenfield and brownfield projects. Management expects improved EBITDA per ton in Q4 FY26 due to favorable raw material costs and price increases.
The announcement provides an update on financial performance, capacity expansions, and future strategies. This information is material for investors to assess the company's performance and outlook, thus having a medium impact.
The announcement is a transcript of a conference call discussing financial results and business updates. While the company reported strong year-on-year growth, the discussion also addressed challenges like declining EBITDA per ton in the current quarter, making the overall sentiment neutral.
Sambhv Steel Tubes Limited has released the transcript of its conference call held on February 02, 2026, to discuss the unaudited financial results for the quarter and nine months ended December 31, 2025. The call featured management including Mr. Vikas Kumar Goyal (MD & CEO), Ms. Anu Garg (CFO), and Mr. Bikash Agrawal (CSO).
During the call, the company highlighted its strongest ever 9-month performance with significant growth in sales volume (34%), revenue (70%), EBITDA (73%), and PAT (110%). Capacity expansion efforts are underway, including a greenfield project at Kesda and Kuthrel Unit–II, with environmental clearance received. Brownfield expansions include increasing galvanized capacity to 1,16,000 tons per annum and doubling stainless steel CR capacity to 1,16,000 tons per annum. The company also executed four MOUs for stainless steel pipes manufacturing under co-branding.
For the 9-month period, revenue reached ₹1,728 crores, EBITDA was ₹184 crores, and PAT was ₹88 crores. Quarterly performance for Q3 FY26 saw revenue of ₹589 crores, EBITDA of ₹51 crores, and PAT of ₹24 crores. Management discussed the reasons for the EBITDA per ton decline in Q3, attributing it to factors like import policies for stainless steel, a fall in HR coil prices, and a maintenance shutdown for galvanizing capacity expansion. They expressed confidence in Q4 FY26, expecting benefits from lower raw material costs and price increases in HR coils and pipes.
Discussions also covered expansion plans, including a greenfield project expected by Q4 2027, and brownfield stainless steel capacity expansion to be completed by March 2026. The company is exploring entry into seamless pipe manufacturing and has received approval for its PLI scheme 2.0 for future stainless steel product expansion. The management also addressed inquiries regarding MOUs for stainless steel pipes, pricing trends, and capacity utilization.
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Sambhv Steel Tubes Limited filed this with the NSE as a statutory disclosure, categorised under concall transcript released. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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