Venus Pipes & Tubes Limited , a leading manufacturer of stainless steel pipes and tubes in India, has announced an upward revision of its revenue growth forecast for FY26 and reported robust financial results for the first quarter of the fiscal year.

Revised Growth Forecast

The company has raised its revenue growth projection for FY26 from 20% to 25%, signaling increased confidence in its market position and growth strategies. Despite the upward revision in revenue expectations, Venus Pipes has maintained its EBITDA margin guidance at 16-18% for the same period, indicating a focus on sustaining profitability alongside growth.

Q1 FY26 Financial Highlights

Venus Pipes showcased a strong start to the fiscal year with its Q1 FY26 results:

• EBITDA margin stood at 16.2%
• Net profit margin was 9.0%

Segment Performance

The company's growth was driven by solid performance across its product segments:

• Seamless Pipes/Tubes revenue grew by 13% year-on-year
• Welded Pipes/Tubes revenue increased by 10% compared to the same quarter last year

Export Growth

Venus Pipes demonstrated significant traction in international markets:

• Export revenue surged by 69% to ₹103.1 crore compared to the same period last year
• Exports now constitute 37.3% of the company's total revenue, underlining its growing global presence

Management Commentary

Arun Kothari, Managing Director of Venus Pipes & Tubes Limited, commented on the results: "We are pleased to report a robust performance for the quarter, achieving an all-time high quarterly revenue of ₹276.4 crore, reflecting a growth of 15.1%. This achievement comes despite the prevailing global uncertainties surrounding trade tariffs and supply chain challenges."

Kothari added, "Notably, our export business remained resilient, contributing 37.3% of total revenues, underscoring the strength of our presence in international markets and the trust in our product quality."

Future Outlook

The company remains optimistic about its growth trajectory, supported by:

• A diversified market reach and strong customer relationships
• Encouraging momentum in demand from the power sector
• A healthy order book providing clear visibility for sustained growth
• Ongoing capacity expansion projects for fittings and seamless pipes, expected to commence operations from H2 FY26

Conclusion

Venus Pipes & Tubes Limited's upward revision of its revenue growth forecast, coupled with its strong Q1 FY26 performance, reflects the company's resilience and growth potential in the stainless steel pipes and tubes industry. The company's focus on export markets and capacity expansion initiatives positions it well to capitalize on emerging opportunities and navigate global economic challenges.

Investors and industry observers will be keenly watching Venus Pipes' performance in the coming quarters to see if the company can maintain its growth momentum and achieve its revised targets for FY26.

Venus Pipes & Tubes Limited , a leading manufacturer of stainless steel pipes and tubes, has announced its financial results for the first quarter, revealing a mixed performance marked by revenue growth and profit decline.

Revenue Growth

The company reported a robust increase in revenue for Q1, with total income rising to ₹2,803.30 crore, up 15.1% from ₹2,411.56 crore in the same quarter last year. This growth was primarily driven by strong performance in both domestic and export markets.

Profit Decline

Despite the revenue growth, Venus Pipes experienced a decrease in profitability. Net profit for the quarter stood at ₹247.64 crore, down 9.8% from ₹275.56 crore in the corresponding quarter of the previous year. This decline in profit can be attributed to increased costs and market pressures.

Key Financial Metrics

Operational Highlights

• Seamless Pipes/Tubes segment witnessed a growth of 13% year-on-year
• Welded Pipes/Tubes segment grew by 10% compared to the same period last year
• Export revenue surged by 69%, reaching ₹103.1 crore and contributing 37.3% to total revenue

Management Commentary

Arun Kothari, Managing Director of Venus Pipes & Tubes Limited, commented on the results: "We are pleased to report a robust performance for the quarter, achieving an all-time high quarterly revenue of ₹276.4 crore, reflecting a growth of 15.1%. EBITDA stood at ₹44.9 crore, translating to healthy margins of 16.2%. This achievement comes despite the prevailing global uncertainties surrounding trade tariffs and supply chain challenges."

Kothari added, "Notably, our export business remained resilient, contributing 37.3% of total revenues, underscoring the strength of our presence in international markets and the trust in our product quality. We remain optimistic about our growth trajectory, supported by our diversified market reach, strong customer relationships, and proven execution capabilities."

Future Outlook

The company remains positive about its growth prospects, citing a strong order pipeline and encouraging momentum in demand from the power sector. Venus Pipes is also on track with its capacity expansion plans for fittings projects and seamless pipes, which are expected to commence operations in the second half of the fiscal year.

Venus Pipes & Tubes Limited continues to focus on innovation and operational excellence to navigate the evolving global economic environment and capitalize on emerging opportunities in the stainless steel pipes and tubes market.