India's Sambhv Steel hits 10-month high on upbeat quarterly results

Sambhv Steel Tubes

11/05/2026 06:55

** Welded steel pipes and tubes maker Sambhv Steel Tubes' shares SMBV.NS rise as much as 9.07% to a 10-month high of 141.32 rupees

** Uptick after SMBV's profit more than triples year-on-year in the March quarter to 533.12 million rupees

** Revenue from operations rises 38.4% to 6.85 billion rupees in Q4

** SMBV also says it proposes to add capacity by 150,000 MTPA at its manufacturing facility in Sarora, Chhattisgarh state

** Strong operational momentum, improved realisations and enhanced product mix have together led to upbeat quarterly performance, says Suresh Kumar Goyal, chairman and executive director of SMBV

** Trading volume at 8,727,573 shares as of 11:23 a.m. IST, nearly six times the 30-day average, data compiled by LSEG shows

** SMBV up 40% in 2026 so far, exchange data shows

 (Reporting by Bharath Rajeswaran in Bengaluru)

 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))