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VEVENUSPIPES

Venus Pipes Q2 FY26 results (Jul–Sep 2025) and concall

Capital Goods · Concall AI · Call held 10 Nov 2025

Venus Pipes reported a strong Q2 FY26 with record revenue of INR 291.5 crores, driven by robust export growth of 53% and domestic expansion. The company expanded its seamless capacity by 1,800 MTPA and maintains a healthy order book of INR 490 crores, providing good visibility. While geopolitical uncertainties and US tariffs pose some challenges to export mix, management expects margins to stabilize at 16-18% in FY27 with new capacities ramping up.

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What they filed

Q2 FY26: revenue up 27.5%, net profit up 8.3% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue229 231 258 276 292 +28%
EBITDA41 37 42 45 48 +17%
Net profit24 18 24 25 26 +8%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.