Venus Pipes & Tubes reported its best-ever annual performance with a net profit of ₹101.9 crore for the financial year ended March 31, 2026, an increase of 9.7% from ₹92.9 crore in the previous year. Revenue from operations for FY26 stood at ₹1,166.8 crore, compared to ₹958.5 crore in FY25, registering a growth of 21.7%. The company's EBITDA for the year was ₹190.6 crore, with margins at 16.3%. The Board of Directors recommended a final dividend of ₹0.50 per equity share, representing 5%, subject to shareholder approval at the upcoming Annual General Meeting.

FY26 Financial Performance

The audited financial results for the year ended March 31, 2026, reflect growth across key metrics. M/s. Maheshwari & Co., Chartered Accountants, the Statutory Auditors, issued an unmodified opinion on the results.

Q4 Performance

For the quarter ended March 31, 2026, the company reported a standalone net profit of ₹25.4 crore, up from ₹23.7 crore in the corresponding period of the previous year. Revenue from operations for Q4FY26 was ₹302.2 crore, compared to ₹258.1 crore in Q4FY25. EBITDA for the quarter stood at ₹49.4 crore, with margins expanding to 16.3%.

Operational Highlights

Venus Pipes commenced operations for the remaining capacity expansion of Seamless Pipes and Tubes and the addition of Fittings. The company forayed into Spooling Solutions with a capex of ₹70 crore towards a dedicated facility, backed by a Letter of Intent (LOI) worth ₹185 crore from a leading customer in the Data Center segment. Additionally, the company installed a JCO machine worth ₹12 crore to manufacture higher lengths of welded pipes. Installation is in progress for a 6.1 MW Solar Power project with an investment of ₹22 crore, expected to result in annual power savings of ₹6 crore. The company also purchased an additional 15 acres of land for future expansion.

Board Decisions

The Board of Directors, at its meeting held on May 26, 2026, approved the audited financial results and the re-appointment of M/s BRM & Co., Chartered Accountants, as Internal Auditors and M/s K V M & Co., Cost Accountants, as Cost Auditors for FY27. The board also approved the conversion of remaining convertible warrants into equity shares during the quarter ended December 31, 2025.

Venus Pipes & Tubes Limited commenced commercial operations of its fittings facility, an additional 4,200 MTPA seamless pipes and tubes capacity, and 6,000 MTPA Mother Hollow Pipes capacity on May 26, 2026. This expansion is part of a broader program to enhance value-added product offerings and strengthen the company's position as a comprehensive stainless steel piping solutions provider. The commissioning of Mother Hollow Pipes capacity supports backward integration, while the fittings facility marks a significant step in the company's forward integration strategy.

The newly commissioned seamless pipes and tubes capacity of 4,200 MTPA adds to the 1,800 MTPA commissioned in November 2025, bringing the total seamless capacity added under the program to 6,000 MTPA — surpassing the initially planned 4,800 MTPA. Together, these developments reflect a meaningful acceleration in the company's capacity build-out across the value chain.

Production Capacities

The following table outlines the specific capacities that have commenced commercial operations:

These expansions are focused on improving the company's product mix and deepening customer engagement across sectors such as Power, Oil & Gas, Chemicals, Engineering, and emerging industries like Data Centers and Semiconductor manufacturing. Arun Kothari, Managing Director, stated that these capabilities position the company to enhance its offerings and strengthen its presence in domestic and international markets.

The disclosure was submitted to the National Stock Exchange of India Limited and BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing was made by CS Pavan Kumar Jain, Company Secretary and Compliance Officer.