Stainless steel pipes and tubes manufacturers and exporters Venus Pipes & Tubes on Friday reported a 22 per cent fall in net profit to Rs 18 crore for the December quarter of 2024-25 compared to Rs 23.27 crore in the year-ago period. However, the company increased total income by 11.7 per cent in the third quarter to Rs 231.3 crore from Rs 207.1 crore in the same period last year. "Strong export demand continued during the quarter, with exports rising by 153 per cent YoY. Growth was driven by robust demand from the US and Middle East & Africa market for welded pipes and tubes, while European demand continued to remain strong," the company said in a statement. Exports accounted for 38.5 per cent of revenue during the quarter. "Domestically, sales remain impacted by sluggish private and government sector capex," Arun Kothari, Managing Director, Venus Pipes & Tubes Ltd said. For the first nine months of FY25, net profit rose by 14 per cent to Rs 69 crore while revenue was up .