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

Net profit of Venus Pipes & Tubes rose 16.78% to Rs 23.66 crore in the quarter ended September 2024 as against Rs 20.26 crore during the previous quarter ended September 2023. Sales rose 19.64% to Rs 228.95 crore in the quarter ended September 2024 as against Rs 191.36 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales228.95191.36 20 OPM %17.8918.13 - PBDT36.4330.12 21 PBT31.7927.25 17 NP23.6620.26 17 Powered by Capital Market - Live

The Board of Venus Pipes & Tubes at its meeting held on 13 November 2024 has approved the appointment of Neelanjan Dev Bharadwaj as Chief Strategy Officer (CSO) of the Company with effect from 14 November 2024. Powered by Capital Market - Live

Venus Pipes & Tubes announced that the Board of Directors of the Company at its meeting held on 13 November 2024, inter alia, have recommended the interim dividend of Rs 0.5 per equity Share (i.e. 5%) , subject to the approval of the shareholders.Powered by Capital Market - Live

Venus Pipes & Tubes will hold a meeting of the Board of Directors of the Company on 13 November 2024Powered by Capital Market - Live

Venus Pipes & Tubes announced that the Annual General Meeting (AGM) of the company will be held on 25 September 2024.Powered by Capital Market - Live

EBITDA improved by 73.6% YoY to Rs 47.9 crore in the first quarter. EBITDA margin was 20% in Q1 FY24 as against 15.4% in Q1 FY23. Profit before tax in Q1 FY25 stood at Rs 27.5 crore, up by 58% from Rs 17.4 crore posted in Q1 FY24. Arun Kothari, managing director for Venus Pipes & Tubes, said: 'We are proud to have started FY25 with a strong quarter, showcasing exceptional performance. During this quarter, our export performance has been exceptionally strong, with revenues increasing by an impressive 691% year-on-year, reaching Rs 60.9 crores and contributing 25% of our total revenues, up from 4% in Q1FY24. Sequentially, we have achieved significant growth of 123%. We are experiencing strong momentum not only in our key market of Europe but also seeing substantial traction in the US and Middle East markets. Moving forward, we have a robust order book from these regions and expect this export momentum to continue. Furthermore, our high-margin seamless pipes segment continues its steady growth trajectory with a 22% increase in revenue. The welded pipes segment also experienced a substantial growth of 55%, fueled by strong order inflows from the oil & gas sector, where we see vast potential for further expansion. Our order book stands strong, with orders pouring in from a diverse set of industries, predominantly from oil & gas, pharma, engineering, power and other sectors. 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. Powered by Capital Market - Live

Net profit of Venus Pipes & Tubes rose 58.30% to Rs 27.56 crore in the quarter ended June 2024 as against Rs 17.41 crore during the previous quarter ended June 2023. Sales rose 33.70% to Rs 240.14 crore in the quarter ended June 2024 as against Rs 179.61 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales240.14179.61 34 OPM %19.9715.35 - PBDT41.3224.82 66 PBT36.9823.43 58 NP27.5617.41 58 Powered by Capital Market - Live

Venus Pipes & Tubes will hold a meeting of the Board of Directors of the Company on 25 July 2024.Powered by Capital Market - Live