| Revenue growth | Q2 +23.9% YoY; H1 +20.0% YoY |
|---|---|
| Margins | EBITDA margin 14.3% vs 16.3%; ~15.5% ex-price hikes |
| Order book | Data-centre LOI INR 185 Cr; first order INR 29 Cr received |
| Demand visibility | Domestic healthy; enquiries across power, oil & gas, semiconductors, solar |
| Management confidence | Strong quarter; momentum sustained despite geopolitical challenges |
Growth
H1 FY27 revenue INR 681.6 Cr (+20% YoY). Exports record INR 147.2 Cr (+27% YoY). H1 PAT INR 52.4 Cr (+3.1%).
Outlook
Data-centre LOI of INR 185 Cr converting; first order INR 29 Cr received. Spooling facility commissioned October. No numeric guidance given.
Risks
EBITDA margin down from 16.3% to 14.3% on export freight and fuel costs. PAT flat despite 24% revenue growth.
Last quarter's promises, checked
Delivered
- Spooling start end-Q3 → commissioned Oct-26 (= BEAT)
- Export pickup in Q2 → exports INR 147.2 Cr, +27% YoY (= BEAT)
Partly delivered
- FY27 revenue growth ~20% → H1 +20.0% YoY (= PARTIAL)
- Spooling ~5% of FY27 top line → INR 29 Cr first order, no revenue disclosed (= PARTIAL)
Missed
- Margin inch-up post-Q2 (Q1 16.1%) → 14.3% (= MISS)
- FY27 capex ~INR100-110 Cr → H1 investing outflow INR 122.7 Cr (= MISS)
- Less working-capital borrowing → borrowings INR 382 Cr vs 286 Cr (= MISS)
Investor Presentation filed with BSE, NSE: VENUSPIPES. Summary written with AI assistance from the document.
Venus Pipes & Tubes Ltd: key numbers
- Share price
- ₹1,803.10
- Market cap
- ₹4,137 Cr
- Revenue (annual)
- ₹1,167 Cr
- Net profit (annual)
- ₹102.0 Cr
- P/E (TTM)
- 39.9×Sector 17.1×
- Promoter holding
- 43.71%-4.70% QoQ
- FII holding
- 5.96%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Venus Pipes & Tubes Ltd
All →Venus Pipes & Tubes Dividend
Venus Pipes & Tubes declared an interim dividend of Rs. 5 per equity share for FY 2026-27. Record date is 20 November 2026, with payment by 4 December 2026.
Venus Pipes & Tubes Results Update
Venus Pipes' results press release showed Q2 FY27 revenue up 23.9% to Rs.361.1 Crore. EBITDA margin eased to 14.3% amid freight and fuel costs.
Venus Pipes & Tubes Q2 FY27 Results: Net Profit ₹26 Cr, Down 0.4% YoY
Venus Pipes & Tubes Ltd reported revenue from operations of ₹361.1 Cr (+23.9% YoY) and net profit of ₹26 Cr (-0.4% YoY) for Q2 FY27.
- Key figure
- Net profit ₹26 Cr · -0.4% YoY
Venus Pipes & Tubes Other Announcement
Venus Pipes & Tubes filed its quarterly shareholding pattern for the period ended October 27, 2026. This is routine periodic disclosure under Regulation 31, with no transaction or corporate event.
Venus Pipes & Tubes Board Meeting Date
Venus Pipes & Tubes will hold a board meeting on 5 November 2026 to approve Q2 unaudited results and consider an interim dividend. The trading window stays closed until 7 November 2026.
Venus Pipes & Tubes Bags ₹29 Cr Order
Venus Pipes won a Rs. 29 Crore data centre pipe spooling order. It forms part of a Rs. 185 crore letter of intent.
- Value
- ₹29.00 Cr