Venus Pipes Q2 FY27 Revenue Up 23.9% to ₹361.1 Cr

Venus Pipes & Tubes Ltd announced its unaudited financial results for Q2 FY27, reporting an all-time high quarterly revenue of INR 361.1 Crores, a 23.9% increase year-on-year. EBITDA grew by 9.1% to INR 51.7 Crores, though EBITDA margins saw a slight decrease to 14.3% from 16.3% YoY, attributed to increased selling prices, export freight, and fuel costs. Excluding price impacts, margins would have been around 15.5%. Revenue from Welded and Seamless Pipes & Tubes grew by 20% each. Domestic growth was robust at 22%, while exports reached an all-time high of INR 147 Crores, up 27% YoY. The company also commenced operations at its spooling solutions facility and began converting a significant data center LOI into orders, securing an initial order worth INR 29 Crores.