Venus Pipes & Tubes Ltd - 543528 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
Earnings Call with the investors on the Audited Financial Results for the quarter & year ended on March 31, 202325-05-2023
25-05-2023
Venus Pipes & Tubes Results Earnings Call for Q4FY23
Conference Call with Venus Pipes & Tubes Management and Analysts on Q4FY23 Performance and Outlook. Listen to the full earnings transcript.25-05-2023
Venus Pipes & Tubes Ltd - 543528 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Submission of Newspaper Advertisement regarding the Financial Results of the Company for the quarter and year ended March 31, 202325-05-2023
Q4FY23 Quarterly & FY23 Annual Result Announced for Venus Pipes & Tubes Ltd.
Iron & Steel Products company Venus Pipes & Tubes announced Q4FY23 & FY23 results: Q4FY23: Total Revenue stood at Rs 176.3 crore in Q4FY23 as compared to Rs 110.2 crore in Q4FY22, growth of 60% YoY Revenue for seamless pipes stood at Rs 96.9 crore in Q4FY23 as compared to Rs 34.3 crore in Q4FY22, a growth of 182% on a YoY basis Sales to direct domestic customers increased by 90% for Q4FY23 & 102% for FY23 on a YoY basis EBIDTA for the quarter stood at Rs 21.6 crore, a growth of 57% on a YoY basis PAT for the quarter stood at Rs 13.4 crore, a growth of 66% on a YoY basis FY23: Revenue of Rs 552.4 crore for FY23, a growth of 43% on YoY basis EBITDA of Rs 69.1 crore for FY23, a growth of 40% on a YoY basis PAT of Rs 44.2 crore for FY23, a growth of 40% on a YoY basis The Board of directors has recommended final dividend of Rs 0.5 per equity share, i.e., 5% on face value of Rs 10/- per equity share respectively for FY23 subject to approval of shareholders in the ensuing Annual General Meeting. With this, the total dividend declared for FY23 stands at Re 1 per equity share of Rs 10/- each. Commenting on the company’s financial performance, Arun Kothari, Managing Director, Venus Pipes & Tubes, said, “We are proud to announce that the company achieved its highest ever Revenue for Q4FY23 & FY23 registering a growth of 60% & 43% respectively. Our EBIDTA & PAT grew by 40% YoY for FY23. We are also delighted to inform that we have started our commercial production for our new capacity of Seamless pipes & higher dia welded pipes on 24th May 2023. Alongside, we have also commenced our production for Mother Hollow pipes as our capacity expansion for backward integration. We have doubled the sales of Seamless Pipes in FY23 on account of our product quality, deep customer connects, addition of new customers & brand created for Venus over the years. Exports sales were impacted during the quarter on account of geo-political tensions and inflationary environment, especially in the European market. We believe that this is temporary in nature and exports sales should start picking up since we have commenced backward integration. We enter FY24, with positive outlook and continue to grow on the back of our new capacities commencing and backward integration coming into place. We continue to work on our goal of reaching out to as many sectors as we can and maintaining diversity across our products, clients and geographies with high spirits.” Result PDF25-05-2023
Venus Pipes & Tubes Ltd - 543528 - Announcement under Regulation 30 (LODR)-Investor Presentation
Q4 FY23 Investor Presentation24-05-2023
Venus Pipes & Tubes Ltd - 543528 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Media Release of Venus Pipes &Tubes on Q4FY23 Results24-05-2023
Venus Pipes & Tubes Ltd - 543528 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Commencement of commercial production of new capacity of Seamless & Welded Pipes with backward integration on 24th May 202324-05-2023
Venus Pipes & Tubes Ltd - 543528 - Intimation Of Commencement Of Commercial Production
This is to inform you that, the commercial production of new capacity of mother hollow pipes (i.e. backward integration plant), seamless pipes & higher dia. welded pipes has become operational on 24th May 2023.24-05-2023
Venus Pipes & Tubes Ltd - 543528 - Corporate Action-Board approves Dividend
Recommended Final Dividend of Rs. 0.50/- per Equity Share (representing 5%)24-05-2023
Venus Pipes & Tubes Ltd - 543528 - Outcome Of Board Meeting
1. Audited Financial Results of the Company for the quarter and year ended March 31, 2023. Pursuant to Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we enclose herewith a copy of the Audited Financial Results of the Company for the quarter and year ended March 31, 2023, accompanied by Audit Report thereon by the Statutory Auditors of the Company. 2. Recommended Final Dividend of Rs. 0.50/- per Equity Share (representing 5%) Pursuant to Regulation 30, 42 and 43 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, recommended a final dividend of Rs. 0.50/- per equity share (representing 5 %) of Rs.10/- each fully paid up for the financial year 2022-23, subject to approval of the shareholders at the upcoming 09th Annual General Meeting of the Company. The dividend will be paid within 30 days from the date of declaration of final dividend by the shareholders at the 09th Annual General Meeting.24-05-2023