Venus Pipes & Tubes Ltd, one of the leading stainless-steel pipes and tubes manufacturers and exporters in India announced its unaudited financial results for the second quarter and half year FY25 ending September 30th 2024.
Revenue of Rs. 229.0 crore, a growth of 20% y-o-y for Q2FY25; H1FY25 revenue stood at Rs. 469.1 crore, a growth stood of 26%. EBITDA of Rs 40.9 crore, a growth of 18% y-o-y with EBITDA margins at 18% for Q2FY25 and Rs. 88.9 crore for H1FY25, growing by 42% y-o-y with margins at 19%. PAT of Rs 23.7 crore, a growth of 17% y-o-y with PAT margins at 10.4%; H1FY25 PAT stood at Rs. 51.2 crore, growing by 36%.
Commenting on the financial performance, Arun Kothari, Managing Director, Venus Pipes & Tubes Ltd, said,"Our performance in H1FY25 has been robust, marked by strong revenue growth of 26.4% year-on-year to Rs. 469.1 crore. EBITDA reached Rs. 88.9 crore, reflecting an impressive 42.5% increase from the same period last year, with margins at 19.0%. Profit after tax (PAT) also demonstrated solid growth, rising 35.8% to Rs. 51.2 crore.”
