Venus Pipes & Tubes announced that the Board of Directors of the Company at its meeting held on 9 May 2024, inter alia, have recommended the final dividend of Rs 0.5 per equity Share (i.e. 5%) , subject to the approval of the shareholders.Powered by Capital Market - Live News

Net profit of Venus Pipes & Tubes rose 86.45% to Rs 25.04 crore in the quarter ended March 2024 as against Rs 13.43 crore during the previous quarter ended March 2023. Sales rose 27.13% to Rs 224.10 crore in the quarter ended March 2024 as against Rs 176.28 crore during the previous quarter ended March 2023.For the full year,net profit rose 94.48% to Rs 85.98 crore in the year ended March 2024 as against Rs 44.21 crore during the previous year ended March 2023. Sales rose 45.22% to Rs 802.20 crore in the year ended March 2024 as against Rs 552.40 crore during the previous year ended March 2023. ParticularsQuarter EndedYear Ended�Mar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var. Sales224.10176.28 27 802.20552.40 45 OPM %20.0912.25 -18.2412.51 - PBDT37.6419.11 97 127.4261.66 107 PBT33.8118.51 83 115.6559.69 94 NP25.0413.43 86 85.9844.21 94 Powered by Capital Market - Live News

Venus Pipes & Tubes will hold a meeting of the Board of Directors of the Company on 9 May 2024.Powered by Capital Market - Live News

Venus Pipes & Tubes announced its foray into fittings business and announced capacity expansion for seamless and welded pipes and tubes. In phase 1, the company will invest Rs 115 crore to set up capacity for fittings and welded tubes by March 2025. In phase 2, the company will invest Rs 60 crore to set up capacity for fittings, seamless and welded pipes and tubes by December 2025. Powered by Capital Market - Live News

Venus Pipes & Tubes will hold a meeting of the Board of Directors of the Company on 28 February 2024.Powered by Capital Market - Live News