Venus Pipes Reports Record Revenue, Flat Profit; Shares Fall 0.76%

Mumbai, November 13: Venus Pipes & Tubes Limited shares traded lower on Friday as investors assessed the company’s September-quarter financial performance.

Venus Pipes Reports Record Q2 Revenue, but Margins Remain Under Pressure

Venus Pipes reported revenue from operations of ₹361.1 crore for the quarter ended September 30, 2026, compared with ₹291.5 crore in the corresponding quarter last year. EBITDA increased 9.1% year-on-year to ₹51.7 crore from ₹47.4 crore. However, EBITDA margins declined to 14.3% from 16.3%, reflecting pressure on profitability despite higher sales. Profit after tax stood at ₹26 crore, compared with ₹26.1 crore in Q2 FY26, representing a marginal decline of approximately 0.3%. During the earnings conference call, management explained that selling prices increased by more than 10% year-on-year and over 5% sequentially. According to the company, these price increases affected the reported EBITDA margin percentage. Management indicated that EBITDA margins would have been approximately 15.5% after adjusting for the impact of higher selling prices. Higher export freight and fuel costs accounted for much of the remaining pressure. Domestic business revenue increased 22% year-on-year, supported by demand from end-user industries. Exports reached a quarterly high of ₹147 crore, increasing more than 55% sequentially and approximately 27% year-on-year. For the first half of FY27, revenue stood at ₹681.6 crore, up 20% from ₹568 crore in the corresponding period last year. EBITDA increased 11.8% to ₹103.2 crore, while profit after tax rose 3.1% to ₹52.4 crore.

Stock Market Snapshot

Venus Pipes & Tubes share price were trading around ₹1,866 during the morning session on Friday, November 13, 2026, down approximately ₹14.20 or 0.76% from the previous closing price of ₹1,880.20. The stock initially moved above ₹1,900 during early trading before losing momentum. By approximately 11:18 AM IST, the share price had slipped below ₹1,870, according to the supplied intraday chart. The stock’s weakness followed its recent recovery over the previous two trading sessions. Although margin pressure remains an important earnings concern, the available information does not establish a single confirmed reason for Friday’s decline.

About Venus Pipes & Tubes

Venus Pipes & Tubes Limited is an Indian manufacturer and exporter of stainless-steel seamless and welded pipes and tubes, along with fittings and related products. Based in Gujarat, the company supplies products to industries including oil and gas, chemicals, engineering, power and infrastructure. The company is expanding its manufacturing capabilities and value-added product portfolio to strengthen its presence in domestic and international markets.

Conclusion

Venus Pipes delivered record quarterly revenue in Q2 FY27, supported by healthy domestic demand and stronger exports. However, higher freight and fuel expenses, along with changes in selling prices, weighed on reported margins and limited profit growth.

Source: 

• https://www.nseindia.com/get-quote/equity/VENUSPIPES/Venus-Pipes-&-Tubes-Limited