VMS TMT earnings calls.

VMS TMT delivered a strong Q4 FY26 with revenue of 241 croreCurrent reported value: 241 crore. No comparable prior figure is available in the source record. and PAT of 2.29 croreCurrent reported value: 2.29 crore. No comparable prior figure is available in the source record., capping a year of consistent growth driven by its integrated CCM plant and cost optimization initiatives. The company's strategic shift to scrap-based billet manufacturing (procuring scrap at ~35,000/ton versus billets at ~42,000/ton) has eliminated reheating costs and generated ~1,500/ton margin improvement. A 15 MW captive solar plant (45-50 crore investment) will begin commissioning in the current month, targeting ~5 crore annual power cost savings. With 70-75%Current 70-75%. Reported change: +Upside available. capacity utilization and only ~15,000 tonsCurrent 15,000 tons. Reported change: Steady volume base. monthly sales against Gujarat's ~4.5-5 lakh ton market, significant volume growth headroom exists. Management remains focused on dealer network expansion and volume growth while maintaining conversion margins. Key risks include commodity price volatility and geopolitical supply disruptions for scrap. No specific FY27 financial guidance was provided, though management expressed confidence in improved performance.