Vibhor Steel Tubes Limited has announced the availability of its investor presentation for the Q3FY26 earnings call scheduled for February 19, 2026. The company filed the presentation with BSE and NSE on February 18, 2026, ahead of the earnings discussion set for 3:00 PM IST.

Strong Revenue Performance in Q3FY26

The company demonstrated robust revenue growth during the third quarter, with significant year-over-year improvements across key financial metrics:

Revenue surged by 21.94% YoY to ₹301.50 crore in Q3 FY26 from ₹247.25 crore in Q3 FY25, driven by higher scale of production following plant commissioning. However, PAT declined by 51.60% YoY to ₹1.66 crore, reflecting margin pressures and operational challenges.

Nine-Month Performance Highlights

For the nine-month period ending December 31, 2025, the company maintained strong momentum across operational metrics:

Revenue momentum remained healthy with 14.99% YoY growth to ₹814.22 crore in 9M FY26 from ₹708.08 crore in 9M FY25. EBITDA demonstrated strong growth of 18.01% YoY to ₹31.06 crore, while EBITDA margin improved slightly to 3.82% from 3.72%, reflecting consistent operating efficiency.

Strategic Manufacturing Expansion

The company achieved a significant milestone with the commissioning of Unit III at Sundergarh, Odisha, marking its entry into transmission line tower manufacturing. This expansion strengthens the company's presence in the eastern market and adds to its total installed capacity of 3,77,000 MTPA across three manufacturing units in Maharashtra, Telangana, and Odisha.

The Odisha plant, strategically located near India's largest iron market, enables cost-efficient sourcing and efficient servicing of the North-East and Visakhapatnam-South regions.

Product Portfolio and Revenue Distribution

For 9MFY26, the company's revenue was distributed across its diversified product portfolio:

Geographically, the West Region contributed ₹440.44 crore, South Region ₹359.05 crore, and East Region ₹45.15 crore to total revenue.

Strategic Growth Vision

The company is focused on transitioning towards value-added infrastructure products to improve business quality and margin profile. Key strategic initiatives include expanding high-margin products like crash barriers, hexagonal poles, and transmission line towers, with a targeted product mix realignment from 90:10 (GI Pipes to others) to 75:25 by FY28. The company also aims to scale exports by 10x over the next five years from the current 3-5% revenue contribution.

Vibhor Steel Tubes Limited has reported strong financial performance for the third quarter ended December 31, 2025, with EBITDA growing 16% to Rs 11.39 crore compared to Rs 9.81 crore in the same period last year. The company's total revenue increased by 23% to Rs 303.99 crore during the quarter under review, compared with Rs 247.43 crore in the previous year.

Q3FY26 Financial Performance

The company demonstrated robust operational performance across key financial metrics during the third quarter:

Nine Months Performance and Operations

For the nine months ended December 31, 2025, the company reported net profit of Rs 6.22 crore while operating income grew by 15% to Rs 814.22 crore. The strong performance was driven by robust demand from infrastructure and real estate sectors, supported by the government's sustained emphasis on infrastructure and manufacturing.

New Facility Operations and Product Portfolio

Vibhor Steel Tubes recently commenced supply from its greenfield plant located at Sundargarh in Odisha, which started commercial production in June 2025. The facility represents a total investment of Rs 119.83 crore with a capacity of 156,000 MTPA.

The company manufactures steel products including electric resistance welded pipes, hot-dipped galvanized pipes, hollow section pipes, primer painted pipes, metal beam barriers, transmission towers, high mast lighting poles, octagonal poles and monopoles. Over 80% of total turnover comes from its contract manufacturing agreement with Jindal Pipes under the brand name Jindal Star.

Management Commentary and Market Position

Commenting on the performance, Vijay Kaushik, Chairman and Executive Director, stated that the healthy growth in turnover was backed by robust demand for steel from infrastructure and real estate sectors. He emphasized the company's ability to garner a sizeable share of demand for value-added steel with the new capacity now onstream.

Manufacturing Operations and Market Reach

The company operates three manufacturing units across Maharashtra, Telangana, and Odisha with a total capacity of 377,000 MTPA. The facilities supply products to western and southern markets including Maharashtra, Gujarat, Madhya Pradesh, Telangana, Karnataka and Tamil Nadu. The Raigad facility in Maharashtra handles 100% of export sales.

Earnings Call Schedule

The company has scheduled an earnings conference call for February 19, 2026, at 3:00 PM to discuss Q3 and nine months FY2026 financial and operational performance. The call details were filed under Regulation 30 of SEBI (LODR) Regulations 2015.