Venus Pipes & Tubes Limited — Updates, 13-02-2025: Press Release

Venus Pipes & Tubes Ltd reported strong financial results for the third quarter and nine months of FY25, with revenue increasing to ₹231.3 crore, reflecting a 12% year-on-year growth, while total revenue for the first nine months reached ₹700 crore, growing 21% year-on-year. EBITDA for Q3 stood at ₹37 crore, with a margin of 16%, and ₹126 crore for the nine-month period, showing a 24% growth and margin of 18%. Profit After Tax (PAT) was ₹18 crore for Q3, yielding an 8% margin, and ₹69 crore for the nine-months, with a 10% margin, marking a 14% year-on-year growth.

Operationally, strong export demand drove a remarkable 153% increase in exports YoY, particularly from the U.S. and Middle East markets. Notable developments include ongoing capital expenditure projects aimed at enhancing production capacity, including a high-grade stainless and titanium welded tubes project expected to complete by March 2025. The company is poised for future growth through strategic initiatives, product expansions, and increasing market penetration in both domestic and international markets. With a strong performance and commitment to operational excellence, Venus Pipes & Tubes Ltd appears well-positioned for continued growth.