Vibhor Steel Q4 FY26 earnings call: Revenue & Margins
Q4 FY26 earnings call: what management said on revenue, margins and capex.
- Revenue
- ₹335Cr
- +16.2% YoY
- +11.2% QoQ
- Net profit
- ₹3Cr
- −42.1% YoY
- +54.8% QoQ
- Margin
- 4.59%
- +0.7 pp YoY
- +1.6 pp QoQ
Guidance rank: #76 of 100 in Industrial Products
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The short version
Target to increase revenue by approximately 50%, aiming for Rs. 1,700 crore by FY28. Revenue growth expected: 50% upside, targeting ₹1,700 crore by FY28 (page 4, 6).
From Vibhor Steel's Q4 FY26 earnings-call transcript · updated 25 Aug 2026.
Revenue & Sales Performance
- Target to increase revenue by approximately 50%, aiming for Rs. 1,700 crore by FY28.
- New product segments (poles, transmission line towers, highway guardrails) are expected to contribute 25-30% of revenue soon.
- Target to achieve 500 tons production capacity for poles and 1,000 tons for transmission line towers within 2 years.
- Capacity utilization for pipe products, especially in Jharsuguda, to increase steadily over 1.5-2 years.
- Annual pipe volume growth target of 10-15%.
- Focus on diversifying product mix to improve EBITDA margins, aiming for EBITDA margin increase of at least 1% over current 4%.
2 more points from Vibhor Steel's call on revenue
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Profitability & Margins
Revenue growth expected: 50% upside, targeting ₹1,700 crore by FY28 (page 4, 6).
Locked: what Vibhor Steel said on margins
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Capital Expenditure Plans
- Additional CAPEX of around Rs. 10 crore planned for FY27.
- Expansion CAPEX will only be undertaken when there is 100% certainty of demand for additional products.
- Target to increase production capacity of poles to 500 tons (currently at 300 tons order backlog).
- Capacity expansion plans for highway guardrails to match demand.
- Jharsuguda unit will see capacity increase, especially for pipes, expected to take 1.5 to 2 years to reach optimal utilization.
2 more points from Vibhor Steel's call on capex
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Top-ranked in Industrial Products
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
No new debt is planned for the company at the moment.
Locked: what Vibhor Steel said on fundraising
Also locked on this page: margins
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Order Book & Pipeline
- Current pipe orders: Approximately 5,000 tons across three units; ~2,000 tons in Maharashtra, ~1,800 tons in Hyderabad.
- Crash barrier (highway guardrail) orders: Around 2,000 tons total; ~1,000 tons each in Hyderabad and Jharsuguda. Timeline ~1 month.
- Transmission line towers order: 2,400 tons with a delivery timeline of about 2 months.
- Octagon and high-mast poles orders: 300 tons; delivery expected within 45 days, constrained by current installed capacity.
2 more points from Vibhor Steel's call on order book
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Vibhor Steel — Quarterly revenue & net profit
Vibhor Steel Q4 FY26 results — key figures
| ₹ Cr | Q4 FY26 | Q4 FY25 | YoY | Q3 FY26 | QoQ |
|---|---|---|---|---|---|
| Revenue | 335 | 288 | +16.2% | 302 | +11.2% |
| Operating profit (EBITDA) | 15 | 11 | +38.4% | 9 | +72.8% |
| Operating margin | 4.59% | 3.85% | +0.7 pp | 2.95% | +1.6 pp |
| Profit before tax | 4 | 7 | -37.3% | 2 | +91.7% |
| Net profit (PAT) | 3 | 4 | -42.1% | 2 | +54.8% |
| EPS (₹) | 1.36 | 2.34 | -41.9% | 0.88 | +54.5% |
Source: reported quarterly figures (Screener), ₹ crore.
Reported quarterly figures (₹ Cr). Latest (Q1 FY27): revenue ₹294 Cr, net profit ₹2 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Vibhor Steel's management said in earlier quarters
Others in Industrial Products this season
- Aeron Composites (Q4 FY26)
For H2 FY26, revenue from operations was ₹103 Cr; for H1 FY26, ₹118.8 Cr, totaling ₹221.8 Cr for FY26. Key investor presentation takeaways from Aeron Composites
- Shera Energy (Q4 FY26)
Total Income (Revenue) for FY26 is ₹1,646.73 Cr, up from ₹1,279.05 Cr in FY25, indicating a year-on-year growth of around 29%. Key investor presentation takeawa
- Sarthak Metals (Q4 FY26)
Q4 FY26 Revenue from Operations: ₹61.99 crore (Page 6) . Key investor presentation takeaways from Sarthak Metals Ltd's Q4 FY26 investor presentation — and how i
- De Neers Tools (Q4 FY26)
Quarterly Revenue (H2FY26):** ₹1,056.8 Mn, up 40.5% YoY (Page 14) . Key investor presentation takeaways from De Neers Tools's Q4 FY26 investor presentation — an
Potential multibaggers · Q2 FY27
Potential multibaggers in Industrial Products
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
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Frequently Asked Questions
What were Vibhor Steel Q4 FY26 results?
Target to increase revenue by approximately 50%, aiming for Rs. 1,700 crore by FY28. Revenue growth expected: 50% upside, targeting ₹1,700 crore by FY28 (page 4, 6).
What is Vibhor Steel share price analysis?
Vibhor Steel currently shows a neutral. The stock trades at a P/E of 24.9 with a market cap of ₹210 Cr. Investors should review the full earnings analysis for detailed insights.
Is Vibhor Steel planning capital expenditure?
Additional CAPEX of around Rs. 10 crore planned for FY27.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.