Iron & Steel Products company Venus Pipes & Tubes announced Q4FY25 & FY25 results Q4FY25 Financial Highlights: Revenue of Rs 258 crore, a growth of 15.2% YoY for Q4FY25 EBITDA of Rs 42 crore with EBITDA margins at 16.1% for Q4FY25 PAT of Rs 24 crore with PAT margins at 9% FY25 Financial Highlights: FY25 revenue stood at Rs 959 crore, a growth stood of 19.5% EBITDA stood at Rs 168 crore for FY25, growing by 14.6% YoY with margins at 18% FY25 PAT stood at Rs 93 crore, growing by 8.1% YoY with margins at 10%. Commenting on the financial performance, Arun Kothari, Managing Director, Venus Pipes & Tubes, said, “We are pleased to report a strong overall performance for FY25, with revenues reaching Rs 958.5 crores — a growth of 19.5% compared to the same period last year. EBITDA grew by 14.6% to Rs 167.6 crores, while PAT increased by 8.1%, standing at Rs 92.9 crores. This year marked a significant phase of capacity ramp-up and the introduction of new value added product lines. We also focused on strengthening our leadership team by onboarding experienced talent at senior levels to reinforce our brand and support our expansion efforts. Despite global uncertainties in the latter part of the fiscal year, our exports grew more than threefold. We continue to deepen our presence in key international markets such as Europe, the United States, and the Middle East, and remain optimistic about sustaining this momentum into FY26. Our robust domestic presence continues to provide a natural hedge against global volatility. We enter FY26 with a strong order book, including a significant new contract from one of India’s leading integrated power plant equipment manufacturers. We have also operationalized our new capacity for value-added welded pipes. With the introduction of fittings products in the second half of the year, we will be among the few players offering a comprehensive range of piping solutions to our customers. Looking ahead, we remain focused on executing our growth strategy with agility and resilience. With a strong foundation in place, we are confident in delivering sustained value to all our stakeholders” Result PDF
Iron & Steel Products company Venus Pipes & Tubes announced Q3FY25 results Revenue of Rs 231.3 crore, a growth of 12% YoY for Q3FY25. EBITDA of Rs 37 crore with EBITDA margins at 16% for Q3FY25. PAT of Rs 18 crore with PAT margins at 8%. Arun Kothari, Managing Director, Venus Pipes & Tubes, said: We are pleased to report steady performance for the quarter, with revenues growing by 11.7% to Rs 231.3 crore, compared to Rs 207.1 crore in the same period last year. Growth remained strong over the nine-month period, with revenues rising 21.2% year-on-year to Rs 700.4 crore. EBITDA stood at Rs 37.2 crore for Q3FY25, while for 9MFY25, it reached Rs 126.0 crore, reflecting a 24.4% growth. Profit for the quarter stood at Rs 18.0 crore, with 9MFY25 profit at Rs 69.2 crore. On the geographical front, we continued our strong export momentum, achieving a 153% YoY growth for the quarter our highest-ever quarterly export revenue. Our share of exports revenue stood at 38.5% for the quarter. Additionally, our focus on expanding in the U.S. market is yielding results, with strong sales driven by a well-established team and a growing network of dealers. We are seeing strong demand for welded pipes in US, Middle East and African markets. European markets continue to remain strong for us with increasing penetration owing to competitive pricing and superior quality of our products. Domestically, sales remain impacted by sluggish private and government sector capex. While we anticipate this trend to persist in the near term, we remain optimistic about growth on the back of market share gains from unorganized players and with the introduction of fittings and other value-added products, we are positioned as a one-stop piping solutions provider for our customers. We continue to secure approvals from leading industry players, reinforcing the trust in our product quality. Our focus remains on expanding our SKU offerings, enhancing our manufacturing capabilities with higher-grade pipes and tubes, and penetrating new geographies. Looking ahead, we remain committed to driving growth through market expansion, innovation, and operational excellence. With a strong export trajectory, increasing acceptance of our value-added products, and strategic investments in capacity expansion, we are wellpositioned to capitalize on future opportunities. Result PDF
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