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VMS TMT

Q1 FY27

VMS TMT Q1 FY27 earnings call: Revenue & Margins

Q1 FY27 earnings call: what management guided on revenue, margins and order book.

Price₹46

Market cap₹230 Cr

P/E13.6

Updated16 Oct 2026

Read4 min read

What the Q1 FY27 call signalled

1 of 3 strong

RevenueModerate growth

MarginMargins steady

CapexCapex planned

The short version

Sales growth expected at 10% to 15% annually. Sales growth expected at 10% to 15% annually, driving improvements in EBITDA and PAT, with PAT expected to improve slightly more.

From VMS TMT's Q1 FY27 earnings-call transcript · updated 16 Oct 2026.

Revenue & Sales Performance

Moderate growth

Sales growth expected at 10% to 15% annually.
Both quantity and value of sales anticipated to improve by 10% to 15%.
After the proposed amalgamation with Aditya Ultra Steel, combined capacity will increase to 3 lakh tons, strengthening market presence.
Top line revenue target set above INR 2000 crores over the next 2 to 3 years.
Focus on leveraging integrated manufacturing setup and expanding dealer network, especially in Gujarat.
Improvement in capacity utilization and operational efficiencies expected to support volume growth.

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Profitability & Margins

Sales growth expected at 10% to 15% annually, driving improvements in EBITDA and PAT, with PAT expected to improve slightly more.
Post amalgamation with Aditya Ultra Steel, company capacity will double to 3 lakh tons, enhancing turnover and market strength.
Target top line to exceed INR 2000 crores in the next 2 to 3 years with corresponding bottom line and EBITDA improvements.
Improved production volume and operating leverage expected to enhance margins as capacity utilization increases from current ~80%.
Solar power project (15 MW) to reduce power cost, adding approximately INR 10 crores to EBITDA annually, boosting profitability.

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Capital Expenditure Plans

Capex planned

The company has commissioned a 15-megawatt captive solar power plant, with 12 MW operational as of August 7, 2026, and the remaining capacity expected to become operational within 1.5 months.
Plans are underway to expand the solar power capacity further next year with a long-term target of 40 megawatts.
The solar project aims to cover approximately 30% of current power requirements and is expected to save around INR 10 crores annually after loan repayments.
The company is focusing on maximizing the utilization of its existing manufacturing capacities, including trolleying billet capacity and integrated manufacturing for TMT bars.

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Fundraising & Capital Structure

No explicit mention of any current or future fundraising through debt or equity in the transcript.
Management mentioned that most debts have been prepaid by IPO proceeds, implying a stronger financial position with reduced debt.
The company is focusing on operational efficiencies, capacity utilization, and organic growth rather than raising fresh capital at this stage.

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Order Book & Pipeline

The transcript does not explicitly mention the current or expected order book or pending orders for VMS TMT Limited. However, relevant points related to demand and business outlook include: - Steady demand focus on Tier 2, Tier 3, and taluka-level rural markets rather than large institutional or infrastructure buyers. - Some infrastructure and builder demand is project-specific and irregular. - The company is expanding its dealer network, which is expected to increase market reach and sales. - Positive demand outlook with ongoing infrastructure, construction, and real estate activities. - Expected sales growth of 10-15% annually, with a target top line of INR 2000 crores plus over the next 2-3 years.

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VMS TMT — Quarterly revenue & net profit

Revenue Net profit

Jun 2025

Sep 2025

Dec 2025

Reported quarterly figures (₹ Cr). Latest: revenue ₹202 Cr, net profit ₹8 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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What VMS TMT Ltd's management said in earlier quarters

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Frequently Asked Questions

What were VMS TMT Q1 FY27 results?

Sales growth expected at 10% to 15% annually. Sales growth expected at 10% to 15% annually, driving improvements in EBITDA and PAT, with PAT expected to improve slightly more.

What is VMS TMT share price analysis?

VMS TMT currently shows a below-average growth signal. The stock trades at a P/E of 13.6 with a market cap of ₹230 Cr. Investors should review the full earnings analysis for detailed insights.

Is VMS TMT planning capital expenditure?

The company has commissioned a 15-megawatt captive solar power plant, with 12 MW operational as of August 7, 2026, and the remaining capacity expected to become operational within 1.5 months.

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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.