Venus Pipes and Tubes Ltd

Net profit of Venus Pipes & Tubes declined 5.31% to Rs 23.71 crore in the quarter ended March 2025 as against Rs 25.04 crore during the previous quarter ended March 2024. Sales rose 15.19% to Rs 258.14 crore in the quarter ended March 2025 as against Rs 224.10 crore during the previous quarter ended March 2024. For the full year,net profit rose 8.04% to Rs 92.89 crore in the year ended March 2025 as against Rs 85.98 crore during the previous year ended March 2024. Sales rose 19.49% to Rs 958.53 crore in the year ended March 2025 as against Rs 802.20 crore during the previous year ended March 2024. ParticularsQuarter EndedYear EndedMar. 2025Mar. 2024% Var.Mar. 2025Mar. 2024% Var. Sales258.14224.10 15 958.53802.20 19 OPM %16.1220.09 -17.4918.24 - PBDT37.2137.64 -1 143.90127.42 13 PBT32.4233.81 -4 125.37115.65 8 NP23.7125.04 -5 92.8985.98 8 Powered by Capital Market - Live

Venus Pipes & Tubes announced that the Board of Directors of the Company at its meeting held on 26 May 2025, inter alia, have recommended the final dividend of Rs 0.5 per equity Share (i.e. 5%) , subject to the approval of the shareholders.Powered by Capital Market - Live

However, revenue from operations rose 11.60% to Rs 258.14 crore in the March quarter, compared to Rs 231.30 crore posted in Q3 FY25. On a year-on-year basis, the company's consolidated net profit fell by 5.31% from Rs 25.04 crore in Q4 FY24, while total revenue from operations grew by 15.18% from Rs 258.14 crore in Q4 FY24. Profit before tax in Q4 FY25 stood at Rs 32.41 crore, down 4.14% from Rs 33.81 crore posted in Q4 FY24. EBITDA declined 7.55% YoY to Rs 41.6 crore in the fourth quarter of FY25. EBITDA margin reduced to 16.1% in Q4 FY25 as against 20.1% posted in Q4 FY24. On full year basis, the company's consolidated net profit rose 8.03% to Rs 92.89 crore on 19.48% increase in revenue to Rs 958.53 crore in FY25 over FY24. Arun Kothari, managing director for Venus Pipes & Tubes, said, We are pleased to report a strong overall performance for FY25, with revenues reaching Rs. 958.5 crores ' a growth of 19.5% compared to the same period last year. EBITDA grew by 14.6% to Rs. 167.6 crores, while PAT increased by 8.1%, standing at Rs. 92.9 crores. This year marked a significant phase of capacity ramp-up and the introduction off new value-added product lines. We also focused on strengthening our leadership team by onboarding experienced talent at senior levels to reinforce our brand and support our expansion efforts. Despite global uncertainties in the latter part of the fiscal year, our exports grew more than threefold. We continue to deepen our presence in key international markets such as Europe, the United States, and the Middle East, and remain optimistic about sustaining this momentum into FY26. Our robust domestic presence continues to provide a natural hedge against global volatility. We enter FY26 with a strong order book, including a significant new contract from one of India's leading integrated power plant equipment manufacturers. We have also operationalized our new capacity for value-added welded pipes. With the introduction of fittings products in the second half of the year, we will be among the few players offering a comprehensive range of piping solutions to our customers. Looking ahead, we remain focused on executing our growth strategy with agility and resilience. With a strong foundation in place, we are confident in delivering sustained value to all our stakeholders.' Meanwhile, the company's board has recommended a final dividend of Rs 0.50 per equity share for the financial year 2024-25, subject to approval of the shareholders at the upcoming 11th Annual General Meeting of the company. The dividend will be paid within 30 days from the date of declaration of the final dividend by the shareholders at the 11th Annual General Meeting. Venus Pipes & Tubes manufactures and exports stainless-steel pipes and tubes, offering seamless and welded products in five categories. Their market extends to over 30 countries, including Brazil, the UK, Israel, and various European Union nations. Powered by Capital Market - Live

Venus Pipes & Tubes will hold a meeting of the Board of Directors of the Company on 26 May 2025.Powered by Capital Market - Live

These stainless steel seamless boiler tubes find application in a series of supercritical and subcritical thermal power projects. The company stated that the formal order will be released shortly. The project is expected to be executed progressively during next 12-15 months. Arun Kothari, managing director, Venus Pipes & Tubes, said: 'This order is a testament to our strong manufacturing capabilities and the long-standing relationships we have built with our customers over the years. It further reinforces our position as a key player in India's stainless-steel manufacturing landscape and showcases the trust and confidence our customers have in us. Venus Pipes & Tubes manufactures and exports stainless-steel pipes and tubes, offering seamless and welded products in five categories. Their market extends to over 25 countries, including Brazil, the UK, Israel, and various European Union nations. The company had reported a 22.81% drop in net profit to Rs 17.97 crore in Q3 FY25, compared to Rs 23.28 crore recorded in Q3 FY24. However, revenue from operations advanced 11.67% to Rs 231.30 crore in the December quarter, compared with Rs 207.13 crore posted in Q3 FY24. The scrip fell 1.23% to currently trade at Rs 1167.90 on the BSE. Powered by Capital Market - Live

Venus Pipes & Tubes has allotted 64,000 equity shares at an issue price of Rs 1700 each of face value of Rs 10 each on conversion of warrants. Consequently, the paid up equity share capital has increased to Rs. 20,43,11,100. Powered by Capital Market - Live

Net profit of Venus Pipes & Tubes declined 22.81% to Rs 17.97 crore in the quarter ended December 2024 as against Rs 23.28 crore during the previous quarter ended December 2023. Sales rose 11.67% to Rs 231.30 crore in the quarter ended December 2024 as against Rs 207.13 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales231.30207.13 12 OPM %16.0418.85 - PBDT28.9634.85 -17 PBT24.2031.17 -22 NP17.9723.28 -23 Powered by Capital Market - Live

However, revenue from operations advanced 11.67% to Rs 231.30 crore in the December quarter, compared with Rs 207.13 crore posted in Q3 FY24. Profit before tax in Q3 FY25 stood at Rs 24.20 crore, down 22.34% from Rs 31.16 crore posted in Q3 FY24. EBITDA declined 4.86% YoY to Rs 37.2 crore in the third quarter of FY25. EBITDA margin was 16.1% in Q3 FY25 as against 18.9% in Q3 FY24. On a 9-month basis, the company's net profit jumped 13.52% to Rs 69.18 crore on a 21.16% rise in revenue from operations to Rs 700.39 crore in 9M FY25 over 9M FY24. Arun Kothari, managing director for Venus Pipes & Tubes, said, We are pleased to report steady performance for the quarter, with revenues growing by 11.7% to Rs. 231.3 crore, compared to Rs 207.1 crore in the same period last year. On the geographical front, we continued our strong export momentum, achieving 153% year-on-year growth for the quarter'our highest-ever quarterly export revenue. Our share of export revenue stood at 38.5% for the quarter. Additionally, our focus on expanding in the U.S. market is yielding results, with strong sales driven by a well-established team and a growing network of dealers. We are seeing strong demand for welded pipes in US, Middle East, and African markets. European markets continue to remain strong for us with increasing penetration owing to competitive pricing and superior quality of our products. Domestically, sales remain impacted by sluggish private and government sector capex. While we anticipate this trend to persist in the near term, we remain optimistic about growth on the back of market share gains from unorganized players, and with the introduction of fittings and other value-added products, we are positioned as a one-stop piping solutions provider for our customers We continue to secure approvals from leading industry players, reinforcing trust in our product quality. Our focus remains on expanding our SKU offerings, enhancing our manufacturing capabilities with higher-grade pipes and tubes, and penetrating new geographies. Looking ahead, we remain committed to driving growth through market expansion, innovation, and operational excellence. With a strong export trajectory, increasing acceptance of our value-added products, and strategic investments in capacity expansion, we are wellpositioned to capitalize on future opportunities. Venus Pipes & Tubes manufactures and exports stainless-steel pipes and tubes, offering seamless and welded products in five categories. Their market extends to over 20 countries, including Brazil, the UK, Israel, and various European Union nations. Shares of Venus Pipes & Tubes added 1.08% to currently trade at Rs 1,351.05 on the BSE.Powered by Capital Market - Live

Venus Pipes & Tubes will hold a meeting of the Board of Directors of the Company on 13 February 2025.Powered by Capital Market - Live

Profit before tax in Q2 FY25 stood at Rs 31.78 crore, up by 16.66% from Rs 27.24 crore posted in Q2 FY24. EBITDA improved by 18% YoY to Rs 40.9 crore in the second quarter of FY25. EBITDA margin was 17.9% in Q2 FY25 as against 18.2% in Q2 FY24. On half year basis, the company's net profit jumped 35.97% to Rs 51.21 crore on 26.44% rise in revenue from operations to Rs 469.09 crore in H1 FY25 over H1 FY24. Arun Kothari, managing director for Venus Pipes & Tubes, said, Our performance in H1FY25 has been robust, marked by strong revenue growth of 26.4% year-on-year to Rs 469.1 crore. EBITDA reached Rs 88.9 crore, reflecting an impressive 42.5% increase from the same period last year, with margins at 19.0%. Profit after tax (PAT) also demonstrated solid growth, rising 35.8% to Rs. 51.2 crore. This robust performance has been primarily driven by exceptional export market demand, with export revenues increasing more than 2.5 times over the previous year, fueled by high demand for our products in Europe, US and Middle Eastern markets. Exports now contribute 33% of our topline, and we expect this growth momentum to continue as conditions in the Red Sea region improve. Domestically, while heavy rainfall in certain regions led to a spillover of orders, however demand outlook and our order pipeline remain as robust as ever. Our order book continues to reflect strong demand across key sectors including, oil & gas, engineering chemicals & power. We remain optimistic about maintaining this momentum as we meet the growing needs of our clients. We look forward to delivering exceptional quality products that meet the evolving needs of our customers and exceed industry standards. Our commitment extends to delivering sustained value to all our stakeholders and shareholders, employees, and communities alike, as we continue to innovate and drive growth across all our markets. Meanwhile, the company's board declared an interim dividend of Rs 0.50 per share for FY25. The company has fixed Tuesday, 26th November, 2024 as the record date for the purpose of payment of interim dividend. Venus Pipes & Tubes manufactures and exports stainless-steel pipes and tubes, offering seamless and welded products in five categories. Their market extends to over 20 countries, including Brazil, the UK, Israel, and various European Union nations. Shares of Venus Pipes & Tubes tumbled 5.15% to currently trade at Rs 1,759.10 on the BSE. Powered by Capital Market - Live