Venus Pipes Tubes Q3 results: PAT drops 22% to Rs 18 cr, revenue up 11%

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Venus Pipes Tubes Q3 results: PAT drops 22% to Rs 18 cr, revenue up 11% - Business Standard

Quick Summary:

Stainless steel pipes and tubes manufacturers and exporters Venus Pipes & Tubes on Friday reported a 22 per cent fall in net profit to Rs 18 crore for the December quarter of 2024-25 compared to Rs 23.27 crore in the year-ago period.

Growth was driven by robust demand from the US and Middle East & Africa market for welded pipes and tubes, while European demand continued to remain strong," the company said in a statement.

However, the company increased total income by 11.7 per cent in the third quarter to Rs 231.3 crore from Rs 207.1 crore in the same period last year.