Vibhor Steel Tubes Posts Higher Profit and Revenue in Q2

Haryana-based high-quality steel tubes and pipes maker, Vibhor Steel Tubes Ltd (VSTL), registered 60 per cent growth in standalone net profit at Rs 1.42 crore for the quarter ended September 30, 2025, as compared with Rs 0.89 crore same period last year. 

Operating income on a standalone basis increased by 19 per cent at Rs 281.76 crore during the quarter under review, as compared with Rs 236.09 crore last year.

EBITDA stood at Rs 9.41 crore and Earnings per share was Rs 0.75 during the quarter.

The company manufactures steel products such as electric resistance welded pipes, hot-dipped galvanized pipes, hollow section pipes, primer painted pipes and SS pipes among others. VSTL, which has a contract manufacturing agreement with Jindal Pipes to manufacture and supply finished goods under the brand name Jindal Star, currently sees over 80 per cent of its total turnover coming from this one segment.

VSTL recently commenced supply of the crash barriers, Power Transmission Line Towers, Electric Resistance Welded (ERW) and Galvanized (GI) Pipes produced from its greenfield plant located at Sundargarh in Odisha.

Commercial production at the 156,000 MTPA facility in Odisha had started in June 2025. The plant, which entailed a total investment of Rs 119.83 crore, offers several value-added steel products such as crash barriers, Power Transmission Line Towers, high mast lighting poles, octagonal poles and monopoles.

Commenting on the company’s performance, Vijay Kaushik, Chairman and Executive Director, Vibhor Steel Tubes, said, “There has been a robust demand for value-added steel and with our 1.56 lakh MT capacity coming on stream we have been able to capture a fair share of this demand. With the new capacity commissioned, our total capacity has increased to 377,000 MTPA, located across three plants in Maharashtra, Telangana and Odisha. The Sundargarh plant will manufacture the high-end value-added steel products which will not only help us cater to the demand emerging from newer markets domestically, but also help us tap international markets in a big way. We expect a healthy growth in topline and bottomline moving forward.” 

VSTL had, in February 2024, made a stellar debut on BSE and NSE, raising Rs. 72.17 crore from the IPO. The company operates two manufacturing units at Raigad in Maharashtra, through which 100% of export sales occur, and the second is in the Mahbubnagar district of Telangana. With a total capacity of 2,21,000 MTPA, the company supplies its products to western and southern markets in Maharashtra, Gujarat, Madhya Pradesh, Telangana, Karnataka and Tamil Nadu.