Venus Pipes & Tubes Limited — PPTs, 13-02-2025: Investor Presentation

**Financial Highlights:** Venus Pipes & Tubes reported Q3 FY25 revenue of ₹231.3 Cr, up 11.7% YoY, while 9M FY25 revenue grew 21.2% YoY to ₹700.4 Cr. EBITDA for the quarter reached ₹37.2 Cr with a margin of 16.1%. PAT was ₹18.0 Cr, reflecting a margin of 7.8%, and PAT for 9M FY25 totaled ₹69.2 Cr, with a 9.9% margin.

**Strategic Initiatives and Growth Drivers:** The company is expanding its product line to include value-added fittings, with a launch expected in H1 FY26. This is alongside ongoing capacity expansions in both value-added welded tubes and seamless pipes, anticipating increased market penetration and higher margins.

**Business Developments:** Notable growth in exports continues, surging 153% YoY in Q3, driven primarily by demand from the U.S. and markets in the Middle East and Africa. Key approvals from industries such as Oil & Gas and Power are reinforcing product acceptance.

**Market Position and Competitive Advantage:** Venus has increased its market share in seamless pipes from 1.6% in FY20 to 8.0% in FY24, bolstered by backward integration initiatives and a diversified product portfolio that enhances competitive positioning.

**Investor Implications:** The strong performance in exports and domestic market share gains present a positive outlook. The strategic expansion into fittings and welded products positions the company for potential growth, appealing to investors focusing on long-term value creation amidst fluctuating domestic capex conditions.