Mumbai, February 14, 2026: Vibhor Steel Tubes Limited (BSE: 544124 | NSE: VSTL) reported a 16% year-on-year rise in EBITDA to ₹11.39 crore for the quarter ended December 31, 2025, supported by robust demand from infrastructure and real estate sectors and a rising share of value-added steel products.
Standalone total revenue for Q3 FY26 increased 23% to ₹303.99 crore, compared with ₹247.43 crore in the corresponding quarter last year.
Q3 FY26 Financial Performance
| Particulars | Q3 FY26 | Q3 FY25 | YoY Growth |
|---|---|---|---|
| Total Revenue (₹ crore) | 303.99 | 247.43 | 23% |
| EBITDA (₹ crore) | 11.39 | 9.81 | 16% |
| Earnings Per Share (₹) | 0.87 | — | — |
Nine-Month FY26 Performance
For the nine months ended December 31, 2025:| Particulars | 9M FY26 | 9M FY25 | YoY Growth |
|---|---|---|---|
| Operating Income (₹ crore) | 814.22 | — | 15% |
| Net Profit (₹ crore) | 6.22 | — | — |
Capacity Expansion Driving Value-Added Portfolio
The company recently commenced supplies of crash barriers, Power Transmission Line Towers, Electric Resistance Welded pipes, Octagonal Poles and Galvanized pipes from its greenfield plant at Sundargarh, Odisha.The 156,000 MTPA facility, which began commercial production in June 2025, involved a total investment of ₹119.83 crore. The new plant focuses on higher-margin value-added products including crash barriers, transmission towers, high mast lighting poles, octagonal poles and monopoles.
With this addition, Vibhor Steel Tubes now operates three manufacturing units across Raigad in Maharashtra, Mahbubnagar in Telangana, and Sundargarh in Odisha, with a combined installed capacity of 3,77,000 MTPA.
Management Commentary
Vijay Kaushik, Chairman and Executive Director, said:“We have posted a healthy growth in turnover during the third quarter on the back of a robust demand for steel coming from infrastructure and real estate sectors. The sustained emphasis on infrastructure and manufacturing has helped generate momentum for the domestic steel ecosystem. With our new capacity now onstream we have been able to garner a sizeable share of demand for value-added steel. We expect good growth in our topline and bottomline with an increasing share of sale of value-added steel moving forward.”
Business Profile and Market Presence
Vibhor Steel Tubes manufactures a diversified range of steel products including:- Electric Resistance Welded pipes
- Hot-dipped galvanized pipes
- Hollow section pipes
- Primer painted pipes
- Metal beam crash barriers
- Transmission towers
- High mast lighting poles
- Octagonal poles and monopoles
The company primarily caters to western and southern markets including Maharashtra, Gujarat, Madhya Pradesh, Telangana, Karnataka and Tamil Nadu. Exports are routed entirely through its Maharashtra facility.
Vibhor Steel Tubes made its stock market debut in February 2024, raising ₹72.17 crore through its initial public offering.
About the Company
Vibhor Steel Tubes Limited is a two-decade-old manufacturer, exporter and supplier of high-quality steel products catering to heavy engineering, infrastructure, oil and gas, agriculture and power sectors. The company is listed on both BSE and NSE under the symbol VSTL and operates three manufacturing facilities with a total capacity of 3,77,000 MTPA.
Source:
Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.