Sambhv Steel Tubes Limited has delivered exceptional financial performance for Q3 and nine months FY26, with the company reporting its strongest-ever nine-month results. The company held its earnings conference call on February 2, 2026, following the release of comprehensive financial results and strategic updates.

Record Financial Performance

The company achieved remarkable growth across all key metrics during the nine-month period. Revenue surged 70% year-on-year to ₹1,728 crores, while EBITDA grew 73% to ₹184 crores. The company's profit after tax more than doubled to ₹88 crores, demonstrating strong operational efficiency.

For Q3FY26 specifically, the company reported revenue of ₹589 crores and EBITDA of ₹51 crores, reflecting robust growth of 60% and 34% respectively. PAT more than doubled to ₹24 crores on a year-on-year basis.

Capacity Expansion and Strategic Initiatives

The company has made significant progress on its expansion plans. Environmental clearance from MOEF Delhi has been received for the greenfield project at Kesda and Kuthrel Unit-II, with project execution already commenced. Under brownfield expansion, galvanized capacity has been increased to 1,16,000 tons per annum.

The company has executed four MOUs for stainless steel pipes manufacturing under co-branding arrangements, with several additional MOUs in progress. Management expects to achieve 50% of current coil sales through MOU holders, targeting 2,500 tons in the first phase.

Product Mix and Pricing Strategy

Value-added sales volume reached 2.6 lakh tons during the nine-month period, marking 60% growth. The stainless steel segment performed exceptionally well, with the company selling 13,400 tons in Q3FY26 at ₹13,000 EBITDA per ton.

The company is transitioning its product mix toward higher-margin value-added products, with stainless steel 300 series comprising 30% of the mix, targeting 50% in Q4FY26.

Market Challenges and Recovery Outlook

Q3FY26 faced temporary headwinds including a three-month government window for stainless steel imports, 6% decline in HR coil prices, and 15-day maintenance shutdown for galvanizing capacity expansion. However, management expects significant recovery in Q4FY26.

Government Support and Future Plans

The company received approval for PLI Scheme 2.0 for two product applications, with MOU details expected by the second week of February 2026. Management is also exploring stainless steel seamless tubes manufacturing through potential joint ventures or technological partnerships.

Financial Guidance and Debt Position

For FY26, the company targets EBITDA of upward of ₹260 crores and weighted average EBITDA per ton of ₹7,000. Total debt as of December 31, 2025, stood at ₹210 crores, comprising ₹40 crores in term loans and ₹170 crores in working capital loans. The greenfield expansion will be funded through ₹650 crores external debt and ₹300 crores internal accruals.

Sambhv Steel Tubes Limited has announced a senior management change with the resignation of its Vice President - Marketing & Communications. The company disclosed this development to stock exchanges on January 8, 2026, in compliance with regulatory requirements.

Key Details of the Resignation

Mr. Prashant Sharma, who served as Vice President - Marketing & Communications, submitted his resignation on January 8, 2026, citing personal reasons. The company management accepted his resignation on the same day.

Regulatory Compliance and Documentation

The announcement was made pursuant to Regulation 30 read with clause 7C of Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company provided comprehensive details as required under SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Transition Arrangements

Mr. Sharma's resignation will become effective from the close of business hours on February 7, 2026. In his resignation letter, he expressed gratitude for the trust and guidance received during his tenure and committed to ensuring a seamless transition during the one-month handover period.

The resignation letter highlighted his appreciation for working under the leadership of MD & CEO Mr. Vikas Kumar Goyal and contributing to Sambhv Steel's growth journey. He emphasized his commitment to extending full support during the handover period to ensure smooth continuity of responsibilities.

Company Secretary's Role

The disclosure was signed by Niraj Shrivastava, Company Secretary and Compliance Officer (Membership No. F8459), who formally communicated the resignation details to both NSE and BSE. The company has requested the stock exchanges to take this information on record as per standard regulatory procedures.