Latest news with #VenusPipes&TubesLtd
Economic Times
27-05-2025
- Business
- Economic Times
Venus Pipes & Tubes Q4 Results: Profit at Rs 23.7 cr, revenue rises 15% to Rs 258 cr
Stainless steel pipes and tubes manufacturer and exporter Venus Pipes & Tubes Ltd reported a profit after tax of Rs 23.7 crore for the March quarter against Rs 25 crore in the year-ago period, according to a statement. Revenue of the company surged by 15 per cent to Rs 258.1 crore in the last quarter of FY25 compared to Rs 224.1 crore in the year-ago period, Venus Pipes & Tubes Ltd said in a statement on Tuesday. ADVERTISEMENT For the full fiscal, profit after tax stood at Rs 93 crore in FY25 against Rs 86 crore in FY24, a growth of 8.1 per cent with margins at 10 per cent, it said. Total revenue in FY25 rose by 19 per cent to Rs 958.5 crore compared to Rs 802.2 crore in the year-ago period, driven by product expansion. The company made a foray into value-added products with applications across critical industries last fiscal. As a part of this, it recently commenced operations of 3,600 MTPA capacity of value-added welded tubes while addition of fittings capacity and value-added seamless tubes will be operational in the coming months, the statement said. "This year marked a significant phase of capacity ramp-up and the introduction of new value-added product lines," Arun Kothari, Managing Director, Venus Pipes & Tubes Ltd, said. "We enter FY26 with a strong order book, including a significant new contract from one of India's leading integrated power plant equipment manufacturers," Kothari added. (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
27-05-2025
- Business
- Time of India
Venus Pipes & Tubes Q4 Results: Profit at Rs 23.7 cr, revenue rises 15% to Rs 258 cr
Stainless steel pipes and tubes manufacturer and exporter Venus Pipes & Tubes Ltd reported a profit after tax of Rs 23.7 crore for the March quarter against Rs 25 crore in the year-ago period, according to a statement. Revenue of the company surged by 15 per cent to Rs 258.1 crore in the last quarter of FY25 compared to Rs 224.1 crore in the year-ago period, Venus Pipes & Tubes Ltd said in a statement on Tuesday. For the full fiscal, profit after tax stood at Rs 93 crore in FY25 against Rs 86 crore in FY24, a growth of 8.1 per cent with margins at 10 per cent, it said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 21st Century Skills Start with Confident Communication Planet Spark Learn More Undo Total revenue in FY25 rose by 19 per cent to Rs 958.5 crore compared to Rs 802.2 crore in the year-ago period, driven by product expansion. The company made a foray into value-added products with applications across critical industries last fiscal. As a part of this, it recently commenced operations of 3,600 MTPA capacity of value-added welded tubes while addition of fittings capacity and value-added seamless tubes will be operational in the coming months, the statement said. "This year marked a significant phase of capacity ramp-up and the introduction of new value-added product lines," Arun Kothari, Managing Director, Venus Pipes & Tubes Ltd, said. Live Events "We enter FY26 with a strong order book , including a significant new contract from one of India's leading integrated power plant equipment manufacturers," Kothari added.
Business Standard
23-05-2025
- Business
- Business Standard
Venus Pipes & Tubes Limited, Commencement of Operations of 3,600 MTPA of value-added Welded Tubes
VMPL Dhaneti (Gujarat) [India], May 23: Venus Pipes & Tubes Ltd, one of the leading stainless-steel pipes and tubes manufacturers and exporters in India has commenced operations for value added Welded Tubes; with a capacity of 3,600 MTPA. With this expansion the total capacity of Welded Pipes & Tubes for the company stands at 27,600 MTPA. Commenting on the same, Arun Kothari, Managing Director, Venus Pipes & Tubes Ltd, said, "We are happy to announce that the company has operationalized capacity for production of 3,600 MTPA of value-added Welded Tubes. This marks our entry into a high-margin product segment and represents a significant milestone in our journey towards becoming one stop piping solution provider. We are confident that this expansion will not only enhance our market presence but will also open doors for us to cater to companies which require critical applications. Furthermore, with the planned addition of fittings manufacturing capacity in coming months, we are set to become one of the few companies in the country offering a comprehensive and integrated range of piping solutions. This will significantly strengthen our value proposition and reinforce our commitment to delivering quality, innovation, and end-to-end service to our customers." About Venus Pipes & Tubes Ltd ( BSE: 543528; NSE: VENUSPIPES) Venus Pipes & Tubes Limited is a manufacturer and exporter of stainless-steel pipes and tubes. The company is manufacturing stainless steel tube products in two broad categories -seamless tubes/pipes and welded tubes/pipes under which five categories of products are manufactured namely, stainless steel high precision & heat exchanger tubes, stainless steel hydraulic & instrumentation tubes, stainless steel seamless pipes, stainless steel welded pipes and stainless-steel LSAW pipes. The company sells products in both domestic and international markets. Venus Pipes & Tubes exports its products to more than 30 countries including UK, US, Middle East and countries in the European Union, etc.
