ALFA Finder| Management target | Revenue 15.0% FY27 |
|---|
| Revenue growth | 16.16% YoY growth driven by higher TMT realization prices. |
|---|---|
| Margins | Contracting; EBITDA fell 41% due to high scrap and FX costs. |
| Demand visibility | Strong visibility from Gujarat's infrastructure and rural housing sectors. |
| Management confidence | Balanced; optimistic on integration but cautious regarding global raw material volatility. |
Growth
Revenue rose to ₹247.88 Cr from ₹213.39 Cr YoY, primarily price-led. However, EBITDA margins contracted significantly due to imported scrap price hikes.
Outlook
Targeting ₹2000 Cr+ top-line in the medium term. Expected ₹10 Cr annual savings from new 15MW solar plant.
Risks
High reliance on imported scrap (50-60%) exposes margins to FX volatility and global supply chain shocks. Inventory buildup to ₹228 Cr is a working capital drag.
Last quarter's promises, checked
Delivered
- Guided 12MW solar commissioning in June 2026 → delivered operational (= BEAT)
- Guided 70-75% capacity utilization → delivered 80% (= BEAT)
- Guided focus on TMT segment only → delivered single segment focus (= BEAT)
Partly delivered
- Guided 15MW total solar capacity → delivered 12MW with 3MW pending (= PARTIAL)
Missed
- Guided ₹1,500/ton margin benefit from integration → delivered 41% EBITDA decline (= MISS)
- Guided stable margins via scrap-TMT price correlation → delivered contraction due to FX/scrap spikes (= MISS)
Earnings Call Transcript filed with BSE, NSE: VMSTMT. Summary written with AI assistance from the document.
VMS TMT Ltd: key numbers
- Share price
- ₹41.45
- Market cap
- ₹205.7 Cr
- Revenue (annual)
- ₹838.6 Cr
- Net profit (annual)
- ₹21.03 Cr
- P/E (TTM)
- 12.4×Sector 17.1×
- Promoter holding
- 67.18%+0.00% QoQ
- FII holding
- 2.06%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from VMS TMT Ltd
All →VMS TMT Q2 FY27 Results: Net Profit ₹1.8 Cr, Down 14.3% YoY
VMS TMT Ltd reported revenue from operations of ₹167.7 Cr (-8.4% YoY) and net profit of ₹1.8 Cr (-14.3% YoY) for Q2 FY27.
- Key figure
- Net profit ₹1.8 Cr · -14.3% YoY
VMS TMT Adverse Business Impact
VMS TMT disclosed a breakdown of its 16 MW induction melting furnace on 30 October 2026, causing molten metal leakage and temporary suspension of operations. The loss is under investigation and the company says it is insured.
VMS TMT Board Meeting Date
VMS TMT Limited has intimated a board meeting on 05 November 2026 to consider unaudited standalone half-yearly financial results for the period ended September 2026. Trading window closes from 01 October 2026.
VMS TMT Other Announcement
VMS TMT Ltd submitted its quarterly shareholding pattern for the period ended September 30, 2026, in compliance with SEBI regulatory requirements.
VMS TMT Annual General Meeting
VMS TMT Limited held its 13th Annual General Meeting via video conferencing on September 29, 2026, to transact ordinary and special business items.
VMS TMT Other Announcement
VMS TMT Limited has issued a communication to shareholders regarding the weblink to access the Annual Report and Notice for the 13th Annual General Meeting.