Venus Pipes FY26 net profit rises 9.8% to ₹1,019.62 crore
Venus Pipes & Tubes Limited reported a 9.8% rise in FY26 net profit to ₹1,019.62 crore, with revenue increasing 21.7% to ₹11,668.48 crore. The board recommended a final dividend of ₹0.50 per share and re-appointed internal and cost auditors for FY27.
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Venus Pipes & Tubes Limited reported a 9.8% rise in net profit for the financial year ended March 31, 2026, reaching ₹1,019.62 crore, driven by a 21.7% increase in revenue from operations to ₹11,668.48 crore. The board of directors approved the audited financial results for the quarter and year ended March 31, 2026, and recommended a final dividend of ₹0.50 per equity share, representing 5% of the face value of ₹10 each. This dividend is subject to shareholder approval at the upcoming 12th Annual General Meeting.
For the quarter ended March 31, 2026, the company recorded a net profit of ₹254.96 crore, compared to ₹237.05 crore in the corresponding period of the previous year. Revenue from operations for the quarter stood at ₹3,021.95 crore, up from ₹2,581.36 crore in the same quarter last year. The statutory auditors, M/s. Maheshwari & Co., issued an unmodified opinion on the audited financial results.
The board also approved the re-appointment of M/s BRM & Co., Chartered Accountants, as internal auditors for the financial year 2026-27. Additionally, M/s K V M & Co., Cost Accountants, were re-appointed as cost auditors for the same period. These appointments were made in compliance with relevant SEBI regulations.
The company noted an exceptional item during the quarter related to the impact of new Labour Codes. An excess provision of ₹1.87 million was reversed in the financial results for the quarter ended March 31, 2026, following a refinement of assumptions. The total dividend declared for FY 2025-26 stands at ₹1 per equity share.
Financial Performance Summary
| Particulars | Year Ended March 31, 2026 (₹ in Million) | Year Ended March 31, 2025 (₹ in Million) | Change |
|---|---|---|---|
| Revenue from operations | 11,668.48 | 9,585.26 | 21.7% |
| Total Income | 11,784.80 | 9,691.79 | 21.6% |
| Total Expenses | 10,406.92 | 8,438.13 | 23.3% |
| Net Profit | 1,019.62 | 928.89 | 9.8% |
| Basic EPS (₹) | 49.51 | 45.65 | 8.5% |
The financial results are available on the company's website and the exchanges where the shares are listed.
Historical Stock Returns for Venus Pipes & Tubes
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.59% | +15.01% | +18.47% | +39.05% | +23.61% | +368.29% |
How will the implementation of the new Labour Codes impact the company's cost structure and operational efficiency in the coming fiscal year?
What strategic initiatives is Venus Pipes pursuing to sustain the 21.7% revenue growth amidst potential market volatility?
Will the company maintain the current dividend payout ratio, or are there plans to increase shareholder returns in FY 2026-27?
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