Venus Pipes Q1 FY27: Record revenue INR 320.5 cr, EBITDA up 15%, guides 20% growth
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Venus Pipes reported record Q1 FY27 revenue of INR 320.5 cr (up 16% YoY), EBITDA INR 51.5 cr (up 14.7% YoY) at 16.1% margin, and PAT INR 26.4 cr (up 6.5% YoY). Domestic revenue grew 31% to INR 227 cr. Exports at INR 94 cr were about 30% of revenue. Order book is strong at INR 600 cr plus INR 185 cr LOI for spooling. Management targets 20% revenue growth in FY27, with margins moving toward 18% in two years driven by fittings and spooling (starts Q3 FY27).
Record quarterly performance, strong INR 600 cr order book plus INR 185 cr spooling LOI. Margins guided to 18 percent over two years via fittings and spooling ramp-up.