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Venus Pipes & Tubes Ltd - 543528 - Board Meeting Intimation for Intimation Of Board Meeting To Be Held On 01ST September, 2023 Under Regulation 29 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015

Venus Pipes & Tubes Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 01/09/2023 ,inter alia, to consider and approve Pursuant to Regulation 29 (1) (a) and other relevant clauses of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, notice is hereby given that a meeting of the Board of Directors of the Company has been scheduled to be held on Friday, 01ST day of September, 2023, inter alia, to consider and approve Employee Stock Option Scheme 2023 subject to approval of the shareholders in the ensuing Annual General Meeting.
25-08-2023
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Venus Pipes & Tubes Ltd - 543528 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

Intimation of Schedule of Analyst / Institutional Investor meetings under the SEBI (Listing Obligations and Disclosure Requirements), Regulations 2015
09-08-2023
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Venus Pipes & Tubes Ltd - 543528 - Announcement under Regulation 30 (LODR)-Monitoring Agency Report

Monitoring Agency report with respect to utilization of IPO Proceeds.
04-08-2023
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Venus Pipes & Tubes Ltd - 543528 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

This is with reference to our intimation regarding Earnings Call with the investors on the Unaudited Financial Results for the quarter ended on June 30, 2023.
04-08-2023

Venus Pipes & Tubes Results Earnings Call for Q1FY24

Conference Call with Venus Pipes & Tubes Management and Analysts on Q1FY24 Performance and Outlook. Listen to the full earnings transcript.
04-08-2023
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Venus Pipes & Tubes Ltd - 543528 - Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication of Financial Results for Q124
04-08-2023
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Q1FY24 Quarterly Result Announced for Venus Pipes & Tubes Ltd.

Iron & steel products company Venus Pipes & Tubes announced Q1FY24 results: Highest-ever revenue of Rs 179.6 crore, a growth of 58.1% on a YoY basis Highest-ever EBITDA of Rs 27.6 crore, a growth of 91.7% on a YoY basis Highest-ever PAT of Rs 17.4 crore, a growth of 91.2% on a YoY basis Total capex will be in the range of Rs 40-45 crore which will be funded from internal accruals Commenting on the company’s financial performance, Arun Kothari, Managing Director, Venus Pipes & Tubes, said, “We are happy to report robust financial performance with Revenues growing at 58% YoY and EBITDA growing at 92% YoY, whilst EBIDTA margins increasing by ~269 bps YoY. We started FY24 by commencing operations at our new facilities and now have tripled our capacity along with backward integration of manufacturing of mother hollow pipes. This has not only enhanced our competitiveness but also enabled us to enter new markets and customer segments. The industry is witnessing a notable shift towards organized players due to the compulsory BIS certification and the implementation of Anti-Dumping Duty (ADD). This provides us with a great opportunity to seize the industry's structural changes. Moreover, the Indian capex cycle is underway, driven by government support and favorable policies, resulting in substantial investments across industries and increased demand for our products. With a wide range of product SKUs and enhanced capacities, robust domestic demand, and increased opportunities in the export markets, we are optimistic about sustaining the growth momentum going forward. We are well-positioned to capture new markets, forge stronger partnerships, and continue to raise the bar in terms of product excellence and customer satisfaction. At Venus, the company strives to increase its market share by adding to the product portfolio, expanding the client base and serving the existing clients better.” Result PDF
04-08-2023
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