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The company’s revenue, however, rose 11.7% YoY to ₹231.3 crore, compared to ₹207 crore in Q3FY24, driven by steady demand across key industry segments.
Operating performance saw a dip, with EBITDA falling 4.1% to ₹37 crore from ₹38.7 crore a year ago. Margins contracted to 16% from 18.7% in Q3 FY24, indicating cost pressures.
Despite the earnings decline, Venus Pipes’ stock remained in positive territory post-results. Shares, which touched an intraday high of ₹1,408.70, were trading at ₹1,368.70 on the BSE at around 1:45 PM, up 2.40% for the day.Also read: Bharat Forge Q3 Results | Net profit, revenue, margin down; declares dividend
Venus Pipes and Tubes is a key player in the stainless steel pipes and tubes segment, catering to industries like chemicals, engineering, and power, with a strong presence in both domestic and export markets.
