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Venus Pipes & Tubes Ltd

Q3 FY25

Venus Pipes & Tubes Q3 FY25 earnings call: Revenue & Margins

Q3 FY25 earnings call: what management guided on revenue, margins and order book.

Price₹1,557

Market cap₹3.4K Cr

P/E33.0

Updated23 Aug 2026

Read4 min read

The short version

For Q4FY25, Venus Pipes and Tubes expects revenue growth of approximately 10% quarter-on-quarter. Venus Pipes and Tubes Limited expects a revenue growth of around 10% for the coming quarter and more than 20% CAGR for the full year FY '26 and beyond.

From Venus Pipes & Tubes Ltd's Q3 FY25 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

For Q4FY25, Venus Pipes and Tubes expects revenue growth of approximately 10% quarter-on-quarter.
For FY26, the company aims for revenue growth exceeding 20%.
Over the next 3 years (till FY27), the company targets a CAGR of more than 20% in revenue.
Volume growth is strong with 15% growth in seamless pipes and 5% growth in welded pipes in recent quarters; this trend is expected to continue.
Export markets, especially Europe, U.S., Middle East, and Africa, are key growth drivers with increasing penetration planned.

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Profitability & Margins

Venus Pipes and Tubes Limited expects a revenue growth of around 10% for the coming quarter and more than 20% CAGR for the full year FY '26 and beyond.
EBITDA growth is projected at more than 20% CAGR between FY '24 to FY '27, with margins expected to improve gradually from the current level of around 16%.
The company aims to increase EBITDA margins from approximately 16% to around 20%+ by FY '27 through capacity expansions, backward integration, and a focus on value-added products like fittings and high-grade pipes.
Operating cash flow has shown a slight increase recently, indicating improving cash generation.

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Capital Expenditure Plans

Phase 1 Capex: Stainless steel and titanium welded tubes capacity of 3,600 MT per annum and fittings segment; stainless steel and titanium project on track for March 2025 start; fittings expected in 1H FY26.
Phase 2 Expansion: Adding 4,800 MT per annum of seamless pipe/tubes; scheduled to start operations December 2025.
Additional Capacity: Enhancing existing piercing line capacity by 4,800 MT per annum to support seamless pipe capacity increase.
Backward Integration: Addition of piercing line for hollow bar manufacturing for seamless pipes.
Focus: Diversification into value-added products, high-grade tubes, and fittings to position as a one-stop piping solutions provider.

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Fundraising & Capital Structure

The provided transcript and document pages do not mention any current or planned fundraising activities through debt or equity by Venus Pipes and Tubes Limited. Key points related to financial plans and expansion include: - The company is actively investing in capacity expansion and backward integration (e.g., addition of piercing line for seamless pipes). - Phase 1 and Phase 2 expansions are underway with timelines mentioned (partial commissioning by March 2025 and December 2025).

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Order Book & Pipeline

Venus Pipes and Tubes Limited has an order book of approximately INR 350 crores as of February 2025.
This order book corresponds to nearly 4 months of orders on hand.
The management highlighted good traction expected in the power sector with several tenders recently floated.

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Venus Pipes & Tubes Ltd — Quarterly revenue & net profit

Revenue Net profit

Dec 2024Q3 FY25

Mar 2025Q4 FY25

Jun 2025Q1 FY26

Sep 2025Q2 FY26

Dec 2025Q3 FY26

Mar 2026Q4 FY26

Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹302 Cr, net profit ₹26 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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What Venus Pipes & Tubes Ltd's management said in earlier quarters

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Frequently Asked Questions

What were Venus Pipes & Tubes Ltd Q3 FY25 results?

For Q4FY25, Venus Pipes and Tubes expects revenue growth of approximately 10% quarter-on-quarter. Venus Pipes and Tubes Limited expects a revenue growth of around 10% for the coming quarter and more than 20% CAGR for the full year FY '26 and beyond.

What is Venus Pipes & Tubes Ltd share price analysis?

Venus Pipes & Tubes Ltd currently shows a neutral. The stock trades at a P/E of 33.0 with a market cap of ₹3,375 Cr. Investors should review the full earnings analysis for detailed insights.

Is Venus Pipes & Tubes Ltd planning capital expenditure?

Phase 1 Capex: Stainless steel and titanium welded tubes capacity of 3,600 MT per annum and fittings segment; stainless steel and titanium project on track for March 2025 start; fittings expected in 1H FY26.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.