Venus Pipes & Tubes standalone net profit rises 86.45% in the March 2024 quarter

Sales rise 27.13% to Rs 224.10 crore

Net profit of Venus Pipes & Tubes rose 86.45% to Rs 25.04 crore in the quarter ended March 2024 as against Rs 13.43 crore during the previous quarter ended March 2023. Sales rose 27.13% to Rs 224.10 crore in the quarter ended March 2024 as against Rs 176.28 crore during the previous quarter ended March 2023.

For the full year,net profit rose 94.48% to Rs 85.98 crore in the year ended March 2024 as against Rs 44.21 crore during the previous year ended March 2023. Sales rose 45.22% to Rs 802.20 crore in the year ended March 2024 as against Rs 552.40 crore during the previous year ended March 2023.

ParticularsQuarter EndedYear EndedMar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var.Sales224.10176.28 27 802.20552.40 45 OPM %20.0912.25 -18.2412.51 - PBDT37.6419.11 97 127.4261.66 107 PBT33.8118.51 83 115.6559.69 94 NP25.0413.43 86 85.9844.21 94

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