Sambhv Steel Tubes earnings calls.

Sambhv Steel Tubes delivered its strongest-ever Q3 with ₹589 croreCurrent reported value: ₹589 crore. No comparable prior figure is available in the source record. revenue (+60Current reported value: 60. No comparable prior figure is available in the source record.% YoY) and ₹51 croreCurrent reported value: ₹51 crore. No comparable prior figure is available in the source record. EBITDA (+34% YoY), though margins compressed sequentially due to HR coil price cuts and a 15-day galvanizing maintenance shutdown. The 9-month revenue of ₹728 croreCurrent reported value: 9-month revenue of ₹728 crore. No comparable prior figure is available in the source record. (+70% YoY) and EBITDA of ₹84 croreCurrent reported value: ₹84 crore. No comparable prior figure is available in the source record. (+73% YoY) reflect robust operational execution. EBITDA per ton declined from ₹6,100 in Q2 to ₹5,200 in Q3Current reported value: ₹5,200 in Q3. No comparable prior figure is available in the source record. due to raw material price lag, but management projects recovery to ₹7,500/ton in Q4Current reported value: ₹7,500/ton in Q4. No comparable prior figure is available in the source record. from low-cost inventory utilization, HR coil price hikes (~10% in Q4), and improved stainless steel pricing (+₹2,000-3,000/ton post China export duty). Capacity expansion is on track: galvanizing capacity increased to 166,000 TPACurrent 166,000 TPA. Reported change: +66,000 TPA added., stainless steel CR capacity doubling to 166,000 TPA by March 2026, and a 350,000 TPA greenfield project targeted for Q4 FY27. The PLI scheme approval for stainless steel products adds policy support. Key risks include margin pressure from commodity price volatility, import competition during the government window, ~40-45% power grid dependence, and a ₹2.5 crore outstanding refund from a disputed land transaction at a subsidiary.