Sambhv Steel Tubes rose 3% on 15 July at INR 121 per share after the company’s Q4 and FY25 results. Sambhv Steel Q4 FY25 results is the first earnings announcement since the stock listed on 2 July, when it debuted at INR 110—a 34% premium over the IPO price of INR 82. The stock is now up 48% from the IPO price and 7% in the last 5 days.
Sambhv Steel Q4 FY25 Performance: Profitability Soars, Revenues Jump
For the quarter ended 31 March 2025, Sambhv Steel Tubes reported consolidated net profit of INR 16.58 crore, a 57.1% sequential increase over INR 10.55 crore in Q3 FY25. This is a big jump in profit due to operational efficiency and demand for products.
Revenue from operations was INR 495.26 crore, up 34.2% year-on-year and higher than INR 369 crore in the previous quarter. This top-line growth is due to the company’s strategy to move towards higher margin value-added products.
Earnings per share (EPS) also improved to INR 0.69 in Q4 FY25 from INR 0.44 in Q3 FY25.
Sambhv Steel FY25 Summary
On a full year basis, Sambhv Steel Tubes reported consolidated net profit of ₹57.26 crore for FY25. The company has been growing since its IPO and has focused on expanding into high value products like Pre-Galvanised (GP) Coils and Pipes and Stainless Steel Coils to capitalize on the emerging market demand.
Sambhv Steel Q1 FY26 Sales Volume Update
In a filing dated 14 July, the company also announced provisional sales volume for Q1 FY26. Total sales volume was 92,706 tons, a 49.8% year-on-year growth from 61,908 tons in Q1 FY25.
Breakdown of Sambhv Steel Q1 FY26 Sales Volume:
| Product Category | Q1 FY26 (Tons) | Q1 FY25 (Tons) | FY25 (Tons) | FY24 (Tons) |
|---|---|---|---|---|
| Structural Pipes & Tubes | 50,294 | 54,267 | 212,623 | 185,063 |
| Pre-Galvanised Coils & Pipes | 19,984 | – | 12,648 | – |
| Stainless Steel Coils | 9,439 | – | 9,745 | – |
| Intermediate Products | 12,989 | 7,641 | 55,565 | 38,199 |
| Total Sales Volume | 92,706 | 61,908 | 290,581 | 223,262 |
Structural Pipes and Tubes sales were down 7% YoY to 50,294 tons, but this was more than offset by good volume growth in newer, higher margin segments. Pre-Galvanised Coils and Pipes and Stainless Steel Coils, which are new product,s accounted for 29,423 tons.
Strategic Highlights and Footprint
Sambhv Steel Tubes is one of the largest ERW steel pipes and structural tubes players in India with a significant backwards integration model. It has two plants in Chhattisgarh with a combined capacity of:
- 3,50,000 MTPA for ERW pipes and tubes
- 1,00,000 MTPA for Pre-Galvanised pipes
- 58,000 MTPA for Stainless Steel coils
The company has a vertically integrated manufacturing process where it produces intermediate materials like sponge iron, blooms/slabs and hot rolled coils in-house and then converts them into finished steel products.
The company has also built a strong distribution network with 43 distributors in 15 states and one union territory, and over 700 dealers across the country.
Outlook
Sambhv Steel Q4 FY25 earnings and Q1 FY26 sales data suggest the company is on a growth path, benefiting from its focus on high-margin products and backwards integration. The strategy to increase production and sales of value-added products like GP Coils and Stainless Steel Coils is paying off in terms of volume growth and profitability.
With efficient operations, growing presence and expansion into premium products, Sambhv Steel Tubes is emerging as a player to watch in Indian steel pipe and coil industry.
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