Sambhv Steel Tubes LimitedQ1 FY27 Results & Financial Update
Sambhv Steel Tubes Limited: Q1 FY27 consolidated results and company financials – revenue ₹732.17 Cr, PAT ₹56.52 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
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Chart · Market context
Sambhv Steel Tubes price & chart
Quarter overview
Quarterly earnings analysis
Sambhv Steel Tubes Limited reported consolidated revenue from operations of INR 732.17 crore for the quarter ended June 30, 2026, alongside other income of INR 4.81 crore, bringing total consolidated income to INR 737.00 crore.
Profit before tax (PBT) before share of net profits of equity accounted investees stood at INR 76.86 crore, while consolidated profit after tax (PAT) reached INR 56.52 crore for the first quarter of fiscal 2027.
Total expenses for the quarter aggregated to INR 660.13 crore, driven by cost of materials consumed of INR 529.28 crore, employee benefits expense of INR 37.52 crore, and finance costs of INR 10.62 crore.
Depreciation and amortisation expenses for Q1 FY27 were reported at INR 12.48 crore, while total tax expense stood at INR 20.34 crore, comprising current tax of INR 18.16 crore and deferred tax of INR 2.17 crore.
Basic and diluted earnings per share (EPS) for the quarter were recorded at INR 1.92 on a face value of INR 10 each, with paid-up equity share capital standing at INR 294.67 crore.
During the quarter, the Board of Directors approved the establishment of an 8 MW captive behind-the-meter rooftop solar power plant at the Kuthrel manufacturing unit with an estimated investment of up to INR 25 crore.
Profit after tax was ₹56.52 Cr for the reported quarter. EPS was ₹1.92 for the reported quarter.
01 · Business model
What does Sambhv Steel Tubes do?
Sambhv Steel Tubes Limited (formerly known as Sambhv Steel Tubes Private Limited and Sambhv Sponge Power Private Limited) operates as a manufacturer of steel products, specialising in steel pipes and tubes with manufacturing facilities located in Raipur, Chhattisgarh.
The company's operational footprint includes plants at Sarora, Tilda, and Kuthrel in Raipur, where it processes steel materials and manages integrated manufacturing operations with economic characteristics centered on steel products.
The consolidated reporting structure covers the holding company, Sambhv Steel Tubes Limited, along with its subsidiary, Sambhv Tubes Limited (formerly Sambhv Tubes Private Limited).
02 · Historical context
What shaped the business before this quarter
Previously operating under the name Sambhv Steel Tubes Private Limited and Sambhv Sponge Power Private Limited, the company transitioned its corporate structure and identity to Sambhv Steel Tubes Limited.
The company raised fresh capital through an initial public offering (IPO) yielding INR 440.00 crore in gross proceeds, which were allocated toward debt repayment, general corporate purposes, and issue expenses.
03 · Financial snapshot
Current-quarter financial snapshot
| Metric | Q1 FY27 |
|---|---|
| Revenue from operations | ₹732.17 Cr |
| Total income | ₹736.99 Cr |
| Profit before tax | ₹76.86 Cr |
| Profit after tax | ₹56.52 Cr |
| EPS | ₹1.92 |
Financial interpretation
What the reported numbers mean
Profit after tax represented 7.7% of reported quarterly operating revenue. This is a calculated net-profit-to-sales ratio, not a company-reported operating margin. It measures the outcome after expenses and tax; it does not, by itself, establish how margins changed versus another period.
Profit before tax was equivalent to 10.5% of quarterly operating revenue. The distinction between pre-tax and post-tax profit matters when interpreting earnings; neither ratio identifies an underlying cost driver without a properly matched comparative period.
Total income exceeded operating revenue by ₹4.81 crore. This is the disclosed difference between the two lines, not incremental sales. The distinction matters when assessing how much of the quarter’s reported income came from the operating top line.
Ratios above are calculated from the reported quarterly figures. They are analytical descriptions, not company-reported margin guidance or an investment recommendation.
04 · Why it moved
Why the quarter looked the way it did
What drove revenue
Generated consolidated revenue from operations of INR 732.17 crore from the manufacturing and sale of steel pipes and tubes during Q1 FY27.
Contributed INR 4.81 crore to total consolidated income during the quarter.
What drove margins
Cost of materials consumed formed the largest expense component at INR 529.28 crore for the quarter.
Incurred finance costs of INR 10.62 crore and depreciation and amortisation charges of INR 12.48 crore during Q1 FY27.
05 · Segments, products & geography
Which parts of the business are doing the work
Segments and products
The group operates entirely in the business of manufacturing steel products having similar economic characteristics with primary operations in India, constituting a single reportable operating segment.
Geography and market mix
Manufacturing operations are concentrated in Raipur, Chhattisgarh, across units situated at Sarora, Tilda, and Kuthrel.
06 · Capacity, projects & execution
What is being built, commissioned or delivered
Capacity, production and utilisation
The board approved setting up an 8 MW captive behind-the-meter rooftop solar power plant at Kuthrel in two phases (Phase I up to 3.2 MW by FY2028 and Phase II up to 4.8 MW by FY2029).
Projects, capex and execution
Estimated capital expenditure of up to INR 25 crore allocated for the 8 MW solar installation, to be financed through internal accruals, debt, or lease arrangements.
07 · Strategy & new businesses
How the company is trying to change its growth mix
Initiated the captive solar power project to meet manufacturing facility energy requirements and optimise power expenses.
08 · Reported developments
What changed operationally
Reported a consolidated profit after tax of INR 56.52 crore for the quarter ended June 30, 2026.
09 · Cash flow & balance sheet
Profit is one thing. Cash and funding tell another part of the story.
Capital allocation & funding
Out of INR 440.00 crore raised from the IPO, INR 390.00 crore was utilised for prepayment or repayment of certain outstanding borrowings, INR 22.46 crore (including GST) for general corporate purposes, and INR 27.55 crore for offer issue expenses, leaving no unutilised balance as of June 30, 2026.
10 · Beyond the numbers
What changed beyond the numbers
Board and Management Changes
Mr. Bikash Agrawal was appointed as an Additional Director effective May 9, 2026, concurrently ceasing to be a Senior Management Personnel.
Annual General Meeting
The board approved convening the 9th Annual General Meeting of the company on Thursday, September 10, 2026, via video conferencing or other audio-visual means.
11 · Key Q&A
The quarter, answered directly
What does Sambhv Steel Tubes do?
Sambhv Steel Tubes Limited (formerly known as Sambhv Steel Tubes Private Limited and Sambhv Sponge Power Private Limited) operates as a manufacturer of steel products, specialising in steel pipes and tubes with manufacturing facilities located in Raipur, Chhattisgarh.
What is the clearest takeaway from Q1 FY27?
Sambhv Steel Tubes Limited reported consolidated revenue from operations of INR 732.17 crore for the quarter ended June 30, 2026, alongside other income of INR 4.81 crore, bringing total consolidated income to INR 737.00 crore.
What drove revenue or demand?
Generated consolidated revenue from operations of INR 732.17 crore from the manufacturing and sale of steel pipes and tubes during Q1 FY27.
What mattered most for margins or profitability?
Cost of materials consumed formed the largest expense component at INR 529.28 crore for the quarter.
What changed operationally beyond the headline numbers?
The board approved setting up an 8 MW captive behind-the-meter rooftop solar power plant at Kuthrel in two phases (Phase I up to 3.2 MW by FY2028 and Phase II up to 4.8 MW by FY2029).
What should the next disclosure help confirm?
9th Annual General Meeting scheduled for September 10, 2026.
12 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
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13 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
AGM Date: 9th Annual General Meeting scheduled for September 10, 2026.
- 02
Solar Project Milestones: Implementation schedule of the 8 MW captive solar power plant targeting Phase I by FY2028 and Phase II by FY2029.
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