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Venus Pipes & Tubes Ltd Q4FY23 results out, revenue grows by 60%

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.

  • Venus Pipes & Tubes Ltd reported Total revenue for Q4 FY23 of ₹176 Crore, up from ₹110 Crore year on year depicting a growth of 60%.
  • Total Expenses for Q4 FY23 of ₹158 Crore up, from ₹100 Crore year on year, a growth of 58%.
  • Consolidated Net Profit of ₹13.4 Crore, up 66% from ₹8.07 Crore in the same quarter of the previous year.
  • The Earnings per Share is ₹6.87, up 19% from ₹5.75 in the same quarter of the previous year.
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