VENUS PIPES & TUBES LTD

The earnings call for Venus Pipes and Tubes Limited, held on August 10, 2026, provided insights into the company's performance for Q1 FY27. Management reported a revenue of INR 320.5 crores, marking a 16% year-on-year growth, driven by both volume increases and higher steel prices. The domestic revenue reached INR 227 crores, reflecting a robust 31% growth, while export sales were INR 94 crores, contributing nearly 30% to total revenue. Management highlighted the commencement of new fittings and value-added seamless and welded pipes capacities, with positive customer responses. The company is also advancing into the spooling business with a planned capex of INR 70 crores. EBITDA for the quarter stood at INR 51.5 crores, with a margin of 16.1%. Management set a goal of 20% revenue growth for FY27 and indicated a strong order book of over INR 600 crores, alongside a letter of intent worth INR 185 crores for the spooling project.

Management emphasized strong growth and positive developments in capacity and product offerings.