Venus Pipes Q1 FY26 Earnings Results

Venus Pipes & Tubes Limited is a manufacturer and exporter of stainless steel pipes and tubes. The company is manufacturing stainless steel tube products in two broad categories – seamless tubes/pipes and welded tubes/pipes under which five categories of products are manufactured namely, stainless steel high precision & heat exchanger tubes, stainless steel hydraulic & instrumentation tubes, stainless steel seamless pipes, stainless steel welded pipes and stainless steel box pipes. The company serves over 70 Fortune 500 companies and exports to more than 25 countries, with applications spanning multiple industries, including oil & gas, power, pharmaceuticals, etc. It also has 8% market share in the Seamless Pipes & 5.3% market share in welded pipes as of FY24. Presenting below are its Q1 FY26 earnings results.

 

Q1 FY26 Earnings Results

• Revenue from Operations: ₹276.4 crore, up 15.1% year-over-year (YoY) from ₹240.1 crore in Q1 FY25.

• EBITDA: ₹44.9 crore, down 6.3% YoY; EBITDA margin at 16.2% (down 370 bps YoY).

• Net Profit (PAT): ₹24.8 crore, down 10.7% YoY from ₹27.5 crore in Q1 FY25.

• PAT Margin: 9.0%, compared to 11.5% last year.

• Exports: ₹103.1 crore, up 69% YoY, making up 37.3% of total revenue.

• Domestic Revenue: ₹173.3 crore, down 3% YoY.

• Product Mix: Seamless pipes contributed 55% of revenue; welded pipes 37%; others 7%.

• Order Flow: Strong demand from the power sector with a healthy order book providing clear growth visibility.

• Capex: Ongoing capacity expansion for fittings and seamless pipes, with new project operations expected from H2 FY26.

 

Management Commentary & Strategic Highlights

• Managing Director Arun Kothari expressed optimism despite global uncertainties around trade tariffs and supply chain challenges.

• Export resilience reflects confidence in product quality and strong international market presence.

• Power sector demand and order book strength underline positive business outlook.

• Investments in operational excellence and capacity expansions align with sustained growth ambitions.

 

 

Q4 FY25 Earnings Results

• Revenue: ₹258.1 crore, a growth of 15 percent over the same quarter last year.

• EBITDA: ₹41.6 crore.

• Performance: Sequential revenue growth of 7.1% QoQ; EBITDA margins steady.

 

To view the company’s previous earnings and latest concall transcripts, click here  to visit the Alphastreet India news channel.