Venus Pipes & Tubes Limited reported a steady financial performance for the third quarter of FY25, with growth in revenue but a decline in net profit due to higher raw material costs.
The company’s revenue from operations stood at ₹231.30 crore, marking an 11.7% year-on-year (YoY) increase from ₹207.12 crore in Q3 FY24. Total income for the quarter was ₹232.27 crore, up from ₹209.12 crore in the same period last year.
At the profitability level, net profit after tax stood at ₹17.97 crore, registering a 22.7% YoY decline from ₹23.27 crore in Q3 FY24. The company’s profit before tax (PBT) was ₹24.19 crore, down 22.3% YoY from ₹31.16 crore in the previous year’s quarter.
Key Financial Highlights (YoY Comparison):
- Revenue from operations: ₹231.30 crore (▲11.7%) vs ₹207.12 crore
- Total expenses: ₹208.07 crore (▲16.9%) vs ₹177.96 crore
- Net profit after tax: ₹17.97 crore (▼22.7%) vs ₹23.27 crore
- Profit before tax: ₹24.19 crore (▼22.3%) vs ₹31.16 crore
- Tax expense: ₹6.23 crore (▼21.1%) vs ₹7.88 crore
For the nine-month period ending December 31, 2024, Venus Pipes reported total revenue of ₹706.02 crore, compared to ₹581.13 crore in the corresponding period last year, reflecting a 21.5% YoY growth. Net profit for the period stood at ₹69.18 crore, up 13.5% YoY from ₹60.94 crore in the prior year.
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