VMS TMT Limited has reported a 36% increase in net profit after tax (PAT) to ₹2,103.36 lakh for FY26, compared to ₹1,541.75 lakh in the previous year. The company also submitted its annual report for the financial year ended March 31, 2026, and issued a notice for its 13th Annual General Meeting.

The TMT bar manufacturer posted revenue from operations of ₹83,855.74 lakh, a 9% rise from ₹77,019.10 lakh in FY25. This performance marks the company's first full financial year as a listed entity following its successful IPO in September 2025.

Financial Performance

Key financial metrics for FY26 highlight improved profitability despite higher operating expenses:

Total expenses rose to ₹81,302.50 lakh from ₹75,132.38 lakh, primarily due to increased other expenses and employee benefits. Finance costs also increased by 27% to ₹2,516.25 lakh.

What the Numbers Show

The improvement in net profit margin to 2.51% from 2.00% in the prior year demonstrates operational efficiency gains. While revenue grew nearly 9%, net profit expanded by over 36%, indicating that cost controls and higher volume sales outpaced the rise in input and financing costs. The debt-to-equity ratio significantly improved to 1.00 from 3.77, reflecting a stronger capital structure post-IPO.

Corporate Governance and Board Changes

The company disclosed changes in its board composition subsequent to the financial year-end. Mr. Vinod Bhanwer Singh resigned as an Independent Director effective April 28, 2026. Ms. Vaishaliben Sanjaybhai Jain was appointed as an Independent Director effective April 29, 2026, subject to shareholder approval at the AGM.

Additionally, Mr. Vijay Amrabhai Boliya resigned as Company Secretary and Compliance Officer on March 31, 2026. Ms. Shikha Ranjan was appointed to the role effective June 9, 2026.

AGM Details

The 13th Annual General Meeting will be held on September 29, 2026, at 3:00 pm via video conferencing. Key agenda items include:

• Adoption of audited financial results for FY26.
• Re-appointment of Mr. Manojkumar Jain as a Director retiring by rotation.
• Ratification of remuneration for Cost Auditors for FY27.
• Appointment of Ms. Vaishaliben Sanjaybhai Jain as an Independent Director.

Remote e-voting will commence on September 26, 2026, and conclude on September 28, 2026. The record date for voting eligibility is September 22, 2026.

Operational Highlights

VMS TMT strengthened its backward integration by manufacturing TMT bars from scrap, reducing dependency on billets. The company produced 141,611 metric tonnes in FY26, representing 71% capacity utilization against an installed capacity of 200,000 metric tonnes per annum. Over 98% of revenue was generated within Gujarat.

The company initiated the setup of a 15 MW captive solar power plant in Gujarat to reduce electricity expenses, with an estimated capital investment of ₹4,640 lakh. No dividend was recommended for FY26 as the board focused on conserving resources for growth initiatives.

VMS TMT Limited has released the full transcript of its earnings conference call for the first quarter of fiscal year 2027 (Q1 FY27). The call was held on Thursday, August 20, 2026, at 4:00 pm IST, providing investors with detailed insights into the company's financial performance and strategic initiatives for the quarter ended June 30, 2026.

The session featured key management personnel, including Chairman and Managing Director Varun Jain, Promoter Manojkumar Jain, and Whole Time Director Rishabh Singhi. The call was moderated by EquiBridgeX Advisors Private Limited.

Call Details

Operational Highlights

Management highlighted several key operational developments during the quarter. A significant milestone was the commissioning of the company's billet manufacturing facility, which enhances backward integration and control over raw material sourcing. The integrated manufacturing setup now has an annual capacity of 2 lakh metric tons for TMT bars and 2,16,000 tons for billets.

Additionally, VMS TMT is developing a 15-megawatt captive solar power plant. As of August 7, 2026, 12 megawatts of this capacity had been operationalized, with the remaining capacity expected to be fully functional within 1.5 months. Management noted that this initiative aims to improve long-term energy economics and reduce costs.

Financial Performance & Market Outlook

Total income for Q1 FY27 stood at ₹247.88 crore, representing a 16.16% year-on-year growth compared to ₹213.39 crore in Q1 FY26. However, profitability faced pressure due to rising raw material costs, particularly imported scrap, driven by global conflicts and forex fluctuations. Management indicated that margins are expected to improve in subsequent quarters as market conditions stabilize.

The company also discussed the proposed amalgamation with Aditya Ultra Steel Limited, which has received approval pending regulatory clearances. This merger is expected to strengthen manufacturing capabilities and expand the dealer network across Gujarat, including Saurashtra and Kutch regions.

Regulatory Disclosure

The release of the transcript was made pursuant to Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. VMS TMT confirmed that the discussions were based on generally available information and did not involve any unpublished price-sensitive information (UPSI).

Investors can access the full transcript on the company's official website for a comprehensive review of management's commentary and the question-and-answer session.