Venus Pipes & Tubes Limited — Updates, 13-11-2024: Press Release

Venus Pipes & Tubes Ltd reports strong Q2 and H1 performance with a revenue of Rs. 229.0 crore for Q2FY25, reflecting a 20% year-on-year (YoY) increase, and Rs. 469.1 crore for H1FY25, up by 26%. EBITDA for Q2 reached Rs. 40.9 crore, with margins at 18%, and for H1, EBITDA was Rs. 88.9 crore, growing 42% YoY with margins at 19%. Profit after tax (PAT) was Rs. 23.7 crore for Q2, a 17% growth, while H1 PAT stood at Rs. 51.2 crore, increasing 36%.

Exports surged 2.5 times YoY, driven by strong demand from Europe, the US, and the Middle East, though domestic sales faced challenges due to weather-related order delays. The order book remains robust at approximately Rs. 340 crore. The board has declared an interim dividend of Rs. 0.5 per equity share. The company is poised for ongoing growth as it strengthens its market share through new appointments and expanded export reach. The outlook appears positive, with sustained demand across key sectors.