Scoda Tubes Reports 48% Jump in Q1 Net Profit, Revenue Grows 6%
Scoda Tubes Limited, a stainless steel pipes and tubes manufacturer, reported a 48% increase in net profit to ₹70.83 crore for Q1 FY2026. Revenue from operations grew by 6% to ₹974.17 crore. EBITDA slightly decreased to ₹142.00 crore, with margin compression to 14.58%. The company successfully completed its IPO, raising ₹220.00 crore. Scoda Tubes utilized ₹82.15 crore from pre-IPO proceeds for general corporate purposes. The company also changed its depreciation method from WDV to SLM, reducing depreciation expense by ₹28.53 crore for the quarter.
Scoda Tubes reveals that seamless products contribute to 80% of its total revenue. The company plans significant capacity expansions by FY26, including doubling seamless tube production to 20,068 MTPA, increasing welded tube capacity to 13,150 MTPA, and introducing a new 20,000 MTPA mother hollow capacity. These expansions aim to meet growing market demands and potentially strengthen the company's position in the tube manufacturing sector.