In reference to our letter dated May 18, 2026, we wish to inform you that the Board of Directors at their meeting held today i.e. May 26, 2026, have inter-alia, approved the following: 1. ....
VENUSPIPES · price
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Venus Pipes & Tubes reported audited financial results for FY2025-26 with revenue from operations at Rs. 11,668.48 million, up 21.7% from Rs. 9,585.26 million in the previous year. Net profit after tax stood at Rs. 1,019.62 million compared to Rs. 928.89 million last year, representing approximately 9.8% growth. The Board approved a final dividend of Rs. 0.50 per equity share (5% on face value), making total dividend for FY2025-26 to Rs. 1 per share. Statutory auditors Maheshwari & Co. issued an unmodified (clean) audit opinion. An exceptional item of Rs. 4.58 million was recognized due to Labour Code changes, with Rs. 1.87 million excess provision reversed in Q4. The company re-appointed BRM & Co. as Internal Auditors and K V M & Co. as Cost Auditors for FY2026-27.
Strong revenue growth of 21.7% exceeding 20% threshold is positive, though PAT growth of ~10% missed higher growth expectations. Clean audit opinion and dividend declaration are shareholder-friendly signals indicating financial health.