Venus Pipes & Tubes Ltd, a prominent stainless-steel pipes and tubes manufacturer in India, has announced its audited financial results for the fourth quarter and full year ending March 31, 2026. The company reported a 22% increase in revenue, reaching ₹1,166.8 crore for FY26, marking its highest annual performance to date.
In the fourth quarter of FY26, Venus Pipes recorded a revenue of ₹302.2 crore, a 17.1% increase compared to ₹258.1 crore in the same quarter last year. The company’s EBITDA for Q4FY26 stood at ₹49.4 crore, reflecting an 18.7% year-on-year growth. However, the EBITDA margin slightly increased to 16.3% from 16.1% in Q4FY25. The profit after tax (PAT) for the fourth quarter was ₹25.4 crore, a 7.2% rise from the previous year’s ₹23.7 crore.
The company also highlighted its operational achievements, including the commencement of operations for its expanded seamless pipes and tubes capacity, along with new fittings. Venus Pipes has ventured into spooling solutions with a capital expenditure of approximately ₹70 crore for a dedicated spooling and fabrication facility. This strategic move is backed by a letter of intent worth ₹185 crore from a leading customer in the data centre segment.
Additionally, the company installed a JCO machine valued at ₹12 crore to produce longer welded pipes, a capability possessed by only a few manufacturers in India. Venus Pipes is also progressing with the installation of a 6.1 MW solar power facility, which involves an investment of ₹22 crore and is expected to yield annual power savings of ₹6 crore. Furthermore, the company acquired an additional 15 acres of land for future expansion.
Arun Kothari, Managing Director of Venus Pipes & Tubes, expressed pride in the company’s best-ever annual performance despite a challenging global environment. He emphasised the company’s focus on ramping up operations, securing larger orders, and expanding its presence in sectors with historically minimal contribution.
As Venus Pipes enters FY27, the company remains committed to enhancing its manufacturing capabilities, expanding its product portfolio, and offering integrated solutions. The company aims to navigate raw material price volatility and energy-related uncertainties through operational efficiency and disciplined execution.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).