Venus Pipes & Tubes Ltd - 543528 - Submission Of Statement Of Deviation Or Variation In The Use Of Proceeds Of Initial Public Offering Of Venus Pipes & Tubes Limited
Statement of Deviation & Variation29-10-2023
29-10-2023
Venus Pipes & Tubes Ltd - 543528 - Submission Of Statement Of Deviation Or Variation In The Use Of Proceeds Of Initial Public Offering Of Venus Pipes & Tubes Limited
Statement of Deviation & Variation29-10-2023
Venus Pipes & Tubes Ltd - 543528 - Announcement under Regulation 30 (LODR)-Monitoring Agency Report
Monitoring Agency Report27-10-2023
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 half year ended on September 30, 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/.27-10-2023
Venus Pipes & Tubes Ltd - 543528 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Newspaper Publication27-10-2023
Venus Pipes & Tubes Results Earnings Call for Q2FY24
Conference Call with Venus Pipes & Tubes Management and Analysts on Q2FY24 Performance and Outlook. Listen to the full earnings transcript.27-10-2023
Venus Pipes & Tubes shares surge on Q2 results
Venus Pipes reports 96 per cent increase in Q2 profit at Rs 20.2 crore27-10-2023
Q2FY24 Quarterly & H1FY24 Bi-Annual Result Announced for Venus Pipes & Tubes Ltd.
Iron & Steel Products company Venus Pipes & Tubes announced Q2FY24 & H1FY24 results: During the quarter, the company witnessed highest-ever quarterly revenue of Rs 191.4 crore with EBITDA margins surpassing 18%. For H1FY24, the revenues stood at Rs 371 crore witnessing a growth of 54.6% YoY with margins of 16.8%. EBITDA of Rs 34.8 crore, a growth of 124.5% YoY. PAT of Rs 20.3 crore, a growth of 97.1% YoY. Revenues for Q2FY24 from Stainless steel seamless and Welded pipes witnessed a growth of 153% and 1% YoY respectively. Volume for Seamless Pipes witnessed a growth of more than 100% and Welded Pipes witnessed a growth in high teens for Q2FY24 compared to same period last year. Venus has experienced remarkable export growth, thanks to our strong on-ground team and consistent dedication to quality. Exports made up ~15% of the total revenues for Q2FY24 standing at Rs 28.5 crore vs Rs 1.6 crore for Q2FY23 We reported a positive net cashflow from operations of Rs 6.5 crore for H1FY24 The planned capex to add an additional 400 MTPM of seamless pipes is on schedule and is poised for completion by Q4FY24 Commenting on the company’s financial performance, Arun Kothari, Managing Director, Venus Pipes & Tubes, said, “We are happy to report robust financial performance with highest ever Revenues of Rs 191.4 crore growing at 51% YoY and EBITDA growing at a staggering 124.5% YoY, whilst EBIDTA margins stood at 18.2% for Q2FY24. Revenues for H1FY24 stood at Rs 371 crore witnessing a growth of 54.6% YoY with EBITDA margins standing at 16.8%. During the quarter, we witnessed solid growth on the exports front, forming 15% of our revenues largely due to our backward integration of seamless pipes resulting in increased acceptance for our products primarily in European markets. We are optimistic that this momentum to persist going forward and continue to focus on expanding our share of exports. Additionally, the imposition of ADD on seamless pipes and mother hollow pipes has benefited us immensely. As Venus being among very few players with backward integration in stainless steel seamless pipes. Welded pipes also witnessed a strong volume growth with increased demand. Historically, H2 has been a stronger half of the year, and we are optimistic about the same for this year as well. Our growth trajectory remains strong as we actively pursue expansion into new sectors and geographies. Our commitment to delivering best-in-class products remains unwavering, and we are dedicated to elevating the Venus brand to new heights.” Result PDF27-10-2023
Venus Pipes & Tubes Ltd - 543528 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Press Release on Unaudited Financial results for the Quarter and half year ended September 30, 202326-10-2023
Venus Pipes & Tubes Ltd - 543528 - Announcement under Regulation 30 (LODR)-Investor Presentation
Q2 FY 24 Investor Presentation26-10-2023