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 and nine months ended on December 31, 2023. The audio of the "Earnings Call" has been uploaded on the website of the Company under the following link: https://www.venuspipes.com/investors/financials/. Venus Pipes & Tubes Ltd - 543528 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Newspaper Publication Q3FY24
Venus Pipes & Tubes Results Earnings Call for Q3FY24
Conference Call with Venus Pipes & Tubes Management and Analysts on Q3FY24 Performance and Outlook. Listen to the full earnings transcript. Q3FY24 Quarterly & 9MFY24 Result Announced for Venus Pipes & Tubes Ltd.
Iron & Steel Products company Venus Pipes & Tubes announced Q3FY24 & 9MFY24 results: Q3FY24: Revenue of Rs 207.1 crore, a growth of 52.2% as compared to Rs 136.1 crore in Q3FY23 EBITDA of Rs 39.1 crore, a growth of 123.1% YoY as against Rs 17.5 crore in Q3FY23 PAT of Rs 23.3 crore, a growth of 106.6% YoY as against Rs 11.3 crore in Q3FY23 9MFY24: Revenue of Rs 578.1 crore, a growth of 53.7% as compared to Rs 376.1 crore in 9MFY23 EBITDA of Rs 101.2 crore, a growth of 113.0% YoY as against Rs 47.5 crore in 9MFY23 PAT of Rs 60.9 crore, a growth of 97.9% YoY as against Rs 30.8 crore in 9MFY23 Commenting on the financial performance, Arun Kothari, Managing Director, Venus Pipes & Tubes, said, “We are delighted to announce robust financial results, achieving our highest-ever revenues of Rs 207.1 crore, reflecting a remarkable 52.2% YoY growth. Our EBITDA has also surged by an impressive 123.1% YoY, with EBITDA margins reaching 18.9% for Q3FY24. Revenues for 9MFY24 stood at Rs 578.1 crore witnessing a growth of 53.7% YoY with EBITDA margins standing at 17.5%. During the quarter, we have operationalised 200 MTPM out of the 400 MTPM of additional capacity expansion of Seamless Pipes and the rest of the capacity expansion will be completed in Q4FY24. Additionally, we are proud to say that we are among a handful of companies in the country to receive approvals from leading oil and gas companies from India & Middle East. These approvals are a testament to the quality of our offerings and strengthen our goal of leading the stainless-steel pipes & tubes industry. Our efforts in Europe are bearing fruit with exports now contributing 17% to our total revenues. Our commitment to delivering products that meet European standards has solidified our brand as a trusted player. With the goal of expanding our global footprint, we are focusing on increasing our presence across the Middle East, Africa & US and we have already appointed Senior Marketing representatives for these regions. Our goal is to replicate the success we've achieved in Europe and extend our brand presence in America, Africa & Middle East. We remain proactive in identifying and capitalizing on new opportunities across diverse geographies to further enhance our brand presence. Leveraging our strong partnerships and quality offerings with increased SKUs, we are confident of deeper market penetration, and continue to focus and increase our efforts to take brand Venus to newer geographies across India and the world.” Result PDF Venus Pipes & Tubes Ltd - 543528 - Announcement under Regulation 30 (LODR)-Investor Presentation
Investor Presentation Q3FY24 Venus Pipes & Tubes Ltd - 543528 - Unaudited Financial Results Of The Company For The Quarter And Nine Months Ended December 31, 2023
Unaudited Financial Results of the company for the quarter and none months ended December 31, 2023 Venus Pipes & Tubes Ltd - 543528 - Board Meeting Outcome for Unaudited Financial Results Of The Company For The Quarter And Nine Months Ended December 31, 2023
Pursuant to Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we enclose herewith a copy of the Unaudited Financial Results of the Company for the quarter and nine months ended December 31, 2023, accompanied by Limited Review Report thereon by the Statutory Auditors of the Company. Venus Pipes & Tubes Ltd - 543528 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Intimation on analyst/ investor meet scheduled on January 30, 2024
