Venus Pipes & Tubes Limited has informed the Exchange about Transcript
VENUSPIPES · price
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Venus Pipes & Tubes reported a strong Q3 FY26 with revenue of INR 296.7 crores, up 28.3% year-on-year, and 9M FY26 revenue of INR 864.7 crores (up 23.5%), already 90% of full-year FY25. Q3 EBITDA grew 31% YoY to INR 48.8 crores with margin of 16.4%, while PAT jumped 42% YoY to INR 25.6 crores. Domestic sales surged 43% YoY to INR 203 crores, while exports contributed INR 93.5 crores (31.5% of revenue), slightly affected by US tariff uncertainty. The order book stood at INR 470 crores (up from under INR 350 crores a year ago), with over 30% from exports. Management guided for more than 20% revenue growth in FY27 and EBITDA margin expansion from 16.4% to around 18% by FY28, driven by value-added products, fittings business and seamless capacity coming online by end of FY26.
Positive: record quarterly revenue and earnings, robust order book growth, and clear margin expansion roadmap supported by new capacity and value-added product mix shift. US tariff clarity and easing geopolitical concerns are near-term tailwinds, though net debt of INR 260 crores remains manageable with limited further rise expected.