Quarterly Updates26 May 2026, 03:12 pm
Venus Pipes & Tubes FY26 Revenue Up 21.7% to ₹1,166.8 Cr
AI Summary
Venus Pipes & Tubes Ltd reported its best-ever annual performance for FY26, with revenue increasing by 21.7% to ₹1,166.8 Cr and PAT rising by 9.7% to ₹101.9 Cr. The company is expanding into spooling solutions with a ₹70 crore capex, supported by a ₹185 crore LOI from a data center customer. It has also installed a JCO machine and is investing in a 6.1 MW solar power plant to reduce energy costs.
Key Highlights
- Venus Pipes & Tubes' FY26 revenue grew 21.7% YoY to ₹1,166.8 Cr.
- EBITDA for FY26 increased by 13.7% YoY to ₹190.6 Cr.
- The company is investing ₹70 Cr in spooling solutions, backed by a ₹185 Cr LOI.
- A 6.1 MW solar power plant installation is in progress with a ₹22 Cr investment.
- The company purchased an additional 15 acres of land for future expansion.
Price Impact
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