Vibhor Steel Eyes Strong FY26 on High-Margin Product Focus

29 May 2025 CW Team

Vibhor Steel Tubes Limited reported a standalone net profit of Rs 44.4 million in Q4 FY25, compared to Rs 48.9 million in Q4 FY24. Sequentially, profit rose 29 per cent from Rs 34.3 million in Q3. Operating income for the quarter increased 16.6 per cent to Rs 2.88 billion, and EBITDA stood at Rs 121.6 million.

For FY25, profit was Rs 117.7 million, down from Rs 177.2 million in FY24, while operating income declined to Rs 9.96 billion from Rs 10.73 billion. Earnings per share was Rs 6.21, compared with Rs 9.34 in the previous year.

Over 80 per cent of turnover comes from manufacturing for Jindal Pipes under the Jindal Star brand. VSTL expects FY26 profitability to improve with rising demand from infrastructure, housing and automobiles, and a growing share of value-added products.

A new galvanising iron plant in Telangana has doubled capacity to 48,000 metric tonnes per annum, supporting expansion in crash barrier production. The company’s IPO in February 2024 raised Rs 721.7 million. VSTL currently operates facilities in Maharashtra and Telangana, serving key southern and western markets.

Source:Vibhor Steel Tubes Ltd Press Release

Real Estate

31 Oct 2025

Birla Estates Tops Global GRESB 2025 Rankings

Birla Estates (BEPL), a wholly owned subsidiary of Aditya Birla Real Estate (formerly Century Textiles and Industries Limited), has been recognised as a Sector Leader in the 2025 GRESB Real Estate Assessment, securing top honours across multiple global and regional categories.Birla Estates’ Achievements in GRESB 2025:Global Sector Leader – ResidentialGlobal Sector Leader – Non-Listed ResidentialRegional Sector Leader – Asia – ResidentialRegional Sector Leader – Non-Listed – Asia – ResidentialThese distinctions reaffirm Birla Estates’ exceptional performance in Environmental, ..

Progota India Secures RDSO Clearance for Kavach 4.0

Concord Control Systems, one of India’s leading manufacturers of embedded electronic and critical system solutions, announced that its associate company, Progota India, has received Technical Prototype Clearance from the Research Designs and Standards Organisation (RDSO) for Kavach 4.0, the latest version of Indian Railways’ indigenous Automatic Train Protection (ATP) system.With this clearance, Progota has been formally approved to execute its ongoing trial order from South Central Railway, marking a key milestone in India’s railway modernization journey. The approval also establishes P..

MPS Interactive Systems Completes Full Acquisition of Liberate Group

MPS Interactive Systems (MPSi), a material subsidiary of MPS, has completed the acquisition of the remaining shareholding in the Liberate Group of Companies—comprising Liberate Learning, App-eLearn, and Liberate eLearning.With this transaction, MPSi now holds 100 per cent ownership of all entities within the Liberate Group, making them its wholly owned subsidiaries. The acquisition was executed in line with the valuation methodology defined in the original transaction documents.Commenting on the development, Rahul Arora, Chairman and CEO of MPS, said, “The corporate learning sector continu..