Iron & Steel Products company Venus Pipes & Tubes announced H1FY25 & Q2FY25 results Financial Highlights: Revenue of Rs 229.0 crore, a growth of 20% YoY for Q2FY25; H1FY25 revenue stood at Rs 469.1 crore, a growth stood of 26%. EBITDA of Rs 40.9 crore, a growth of 18% YoY with EBITDA margins at 18% for Q2FY25 and Rs 88.9 crore for H1FY25, growing by 42% YoY with margins at 19%. PAT of Rs 23.7 crore, a growth of 17% YoY with PAT margins at 10.4%; H1FY25 PAT stood at Rs 51.2 crore, growing by 36%. Business Highlights: Your company reported robust revenue growth of 19.6%, standing at Rs 228.9 crores with EBITDA margins of 17.9%. For H1FY25, the revenues stood at Rs 469.1 crores (volume growth of 30%+ for Seamless and Welded) witnessing a growth of 26.4% YoY with robust margins of 19.0%. The above growth was achieved despite domestic sales being impacted due to the spill over of orders to next quarters, primarily due to heavy rainfall in certain regions of the country. However, the overall demand outlook remains strong. Exports witnessed strong growth of 2.5x for the quarter on a YoY basis on the back of strong export demand, despite elevated freight rates which impacted margins during the quarter. Order book was all time high of Rs ~340 crores. Company continues to invest in best talent which has led to increase in market share across geographies (5x jump in domestic seamless pipe market share). We have appointed Mr. Neelanjan Bharadwaj as CSO & Mr. Mark Light as VP of Business Development (Energy), to further strengthen brand Venus & gain market share. Board of directors have declared an interim dividend of Rs 0.5 / - per equity share (FV Rs 10/- Per Share). Arun Kothari, Managing Director, 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, shareholders, employees, and communities alike as we continue to innovate and drive growth across all our markets." Result PDF