Venus Pipes & Tubes Q1 FY26 Net Profit Rises to ₹24.76 Crore

Revenue from operations for the quarter ended June 30, 2025, was reported at ₹276.41 crore. The company's total income for Q1 FY26 was ₹280.33 crore, up 6.53% year-on-year from ₹241.15 crore. Total expenses for the quarter reached ₹246.62 crore, compared to ₹204.18 crore in the corresponding quarter of the previous year.

The current tax expenses for the quarter were ₹7.74 crore, with deferred tax expenses at ₹1.21 crore.

Other Comprehensive Income

Items not reclassified to profit or loss include remeasurements of defined benefit plans at -0.043 crore and income tax impact on above at 0.011 crore.

Items reclassified to profit or loss include foreign exchange fluctuation in respect of cash flow hedge at 3.26 crore and Income Tax impact on above at -0.82 crore.

The total comprehensive income for the period is ₹24.98 crore as against ₹27.54 crore during the previous year.

Equity Share Capital

The paid-up equity share capital for the quarter ended June 30, 2025, stood at ₹20.49 crore. Basic EPS was reported at ₹12.12 and Diluted EPS at ₹12.08.

During the quarter, two warrant holders converted warrants into equity shares. The shareholder resolution passed on March 30, 2025, approved the allotment of 61,000 Equity Shares at an issue price of ₹1,700 each to these warrant holders.

To date, the Company has allotted 1,96,000 Equity Shares to Warrant holders who exercised their conversion rights. The remaining 2,24,000 Warrants remain outstanding and available for conversion.

The above Unaudited Financial Results are available on the company's website www.venuspipes.com and also on the websites of BSE (www.bseindia.com) and NSE (www.nseindia.com).