Vibhor Steel Tubes Q2 PAT Surges 91.55% to ₹2.72 Crore on Higher Sales
Vibhor Steel Tubes reported a 91.55% YoY increase in Q2FY27 net profit to ₹2.72 crore. Operating income grew 26.99% to ₹357.81 crore, and EBITDA rose 50.06% to ₹14.13 crore. The company commenced production at its ₹119.83 crore Odisha plant. Crisil assigned 'BBB+/Stable' ratings.
The substantial profit growth, increased revenue, improved EBITDA, and positive management outlook indicate a strong positive impact on the company's financial performance and market perception.
The company reported significant year-on-year growth in net profit, operating income, and EBITDA, driven by increased sales of value-added products and the commissioning of a new plant. Management commentary is optimistic about future demand and growth.
Vibhor Steel Tubes Limited (VSTL) announced a significant 91.55% year-on-year growth in its net profit for the second quarter ended September 30, 2026, reaching ₹2.72 crore. This surge in profitability was driven by a 26.99% increase in operating income to ₹357.81 crore and a nearly 50% rise in EBITDA to ₹14.13 crore. The company attributes this strong performance to increased sales of high-margin, value-added products, including transmission line towers and metal crash barriers, from its recently commissioned plant in Odisha.
For the half-year ended September 30, 2026, VSTL reported a consolidated EBITDA of ₹26.50 crore, a 34.70% increase from the previous year. The net profit for the half-year stood at ₹4.65 crore, showing a slight growth from ₹4.56 crore in the same period last year. The company also highlighted the commencement of commercial production at its greenfield plant in Sundargarh, Odisha, in July 2025, which involved an investment of ₹119.83 crore and focuses on value-added products.
Vijay Kaushik, Chairman and Executive Director of Vibhor Steel Tubes, expressed optimism about the company's performance, citing sustained infrastructure and construction activity, expansion in manufacturing, and urbanization as key demand drivers. He emphasized the company's focus on leveraging its expanded capacity, improving product mix, and strengthening operational efficiencies, expecting healthy demand and profitable growth in the second half of the fiscal year.
VSTL also recently incorporated a wholly-owned subsidiary, Viyom Steel Infra Pvt Ltd, for manufacturing high-quality steel products for the infrastructure sector. Crisil Ratings has assigned a 'BBB+/Stable' long-term rating and 'Crisil A2' short-term rating to the company's bank loan facilities, reflecting its established market position and prudent financial management.
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