VENUSPIPESVenus Pipes & Tubes Ltd.
Venus Pipes & Tubes Q2 FY27 Results: Standalone Net Profit ₹26.02 Crore on Total Income of ₹367 Crore
- Earnings
- Steel pipes and tubes
Reviewed byRachit TripathiBlacklitt Research
Venus Pipes & Tubes (NSE: VENUSPIPES) reported standalone total income of ₹366.52 crore and net profit of ₹26.02 crore for the quarter ended 30 Sep 2026, it said in a filing on 05 Nov 2026. Net profit was 0.3% lower than a year earlier while total income rose 24.5%.
Key highlights
Standalone
The company on its own, without its subsidiaries
- Total income: ₹366.52 crore, up 24.5% YoY and 12.0% QoQ
- Net profit and EPS: ₹26.02 crore, down 0.3% YoY; basic EPS ₹12.56
- Finance costs: ₹13.79 crore, up 36.6% YoY and 22.3% QoQ
- Interim dividend: ₹0.50 per share, record date 20 Nov 2026
Summary
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 366.52 | 294.51 | +24.5% | 327.13 | +12.0% | |
| Revenue from operations | 361.05 | 291.54 | +23.8% | 320.54 | +12.6% |
| Other income | 5.47 | 2.97 | +84.1% | 2.69 | +103.2% |
| 26.02 | 26.09 | -0.3% | 26.41 | -1.5% | |
| Profit before tax | 34.59 | 34.42 | +0.5% | 35.71 | -3.1% |
| Finance costs | 13.79 | 10.10 | +36.6% | 11.28 | +22.3% |
| Depreciation | 8.76 | 5.96 | +46.9% | 7.22 | +21.3% |
| Tax expense | 8.56 | 8.33 | +2.8% | 9.30 | -7.9% |
| Net profit margin | 7.10% | 8.86% | -1.76 pp | 8.07% | -0.97 pp |
| EPS, basic (₹) | 12.56 | 12.74 | -1.4% | 12.75 | -1.5% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Income grew faster than profit. Total income rose 24.5% YoY to ₹366.52 crore, while net profit eased 0.3% to ₹26.02 crore and profit before tax rose only 0.5% to ₹34.59 crore. Revenue from operations rose 23.8% YoY, slower than other income, which rose 84.1% to ₹5.47 crore. Other income is 15.8% of profit before tax and 1.5% of total income this quarter.
Finance costs and depreciation grew faster than income. Finance costs rose 36.6% to ₹13.79 crore, or 3.8% of total income, and depreciation rose 46.9% to ₹8.76 crore. Tax expense of ₹8.56 crore is 24.8% of profit before tax, against ₹8.33 crore on a profit before tax of ₹34.42 crore a year earlier.
Against the previous quarter, total income rose 12.0% while net profit fell 1.5% from ₹26.41 crore and profit before tax fell 3.1%. Basic EPS was ₹12.56, against ₹12.75 in Q1 FY27 and ₹12.74 a year earlier. The statutory auditors, Maheshwari & Co., issued an unmodified limited review report dated 05 Nov 2026, and the company operates in a single operating segment.
Inference
The Board declared an interim dividend of ₹0.50 per share, 5% of the ₹10 face value, for FY 2026-27, payable on or before 04 Dec 2026 to members on the record date of 20 Nov 2026. The filing puts the total payout at ₹11.47 million, about ₹1.15 crore.
The company allotted 22,27,544 equity shares at ₹1,670 each on 27 Oct 2026 on a preferential basis, aggregating ₹371.99 crore, after shareholder approval at an EGM on 08 Oct 2026. The filing says the allotment is subsequent to the quarter and has no impact on its results. It does not name the non-promoter investors or say how the proceeds will be used, and those are the points a reader would most want, so they remain open.
Filed with BSE on . Reference: Original filing (PDF)
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