India · Delayed Price · Currency is INR Venus Pipes and Tubes Earnings Call Transcripts
Fiscal Year 2027
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Record Q1 FY 2027 revenue and EBITDA were driven by robust domestic and export demand, capacity expansion, and a growing order book. Margins are expected to improve with the ramp-up of fittings and spooling, and revenue growth guidance remains at 20% for FY 2027.
Fiscal Year 2026
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Q3 FY 2026 saw record revenue and strong profit growth, driven by robust domestic and export demand, especially in seamless pipes. Capacity expansions in value-added products and fittings are on track, with guidance for over 20% revenue growth and margin improvement by FY 2028.
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Revenue grew 19.5% to INR 958.5 crore in FY25, driven by strong export growth and a major INR 190 crore order win. EBITDA margin stood at 17.5%, with guidance for 20%+ annual revenue growth and 16%-18% margins in FY26 and FY27.
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Q1 FY 2026 revenue hit a record INR 276.4 crore, up 15% year-over-year, with export revenue surging 69%. EBITDA margin was 16.2%, and PAT margin 9%. FY 2026 volume growth guidance is raised to 25%, with new capacities and value-added products expected to drive future growth.
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Q2 FY26 saw record revenue of INR 291.5 crores, up 27% YoY, with exports rising 53% and EBITDA margin stable at 16.3%. Guidance for 25% revenue growth is maintained, with new capacities and value-added products expected to boost margins and exports in FY27.
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Record FY 2026 revenue and profit growth achieved despite global headwinds, with strong domestic and export performance. Major CapEx expansions, entry into spooling solutions, and a robust order book position the company for over 20% growth and higher margins in FY 2027.
Fiscal Year 2025
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Revenue grew 11.7% YoY in Q3 and 21.2% for nine months, driven by record export growth, while domestic demand remained subdued. EBITDA margin was 16.1% for Q3, with guidance for stable near-term margins and long-term revenue CAGR above 20%.
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Revenue and profit grew strongly in Q2 and H1 FY25, driven by robust export growth and higher volumes. Seamless and welded segments both saw over 30% volume growth, with exports now a third of revenue. CapEx and leadership hires support global expansion and future margin improvement.
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Q1 FY25 saw record revenue and profit growth, driven by a surge in exports and strong performance in both seamless and welded pipe segments. Margins improved significantly, with exports now contributing 25% of revenue and further growth expected as new markets are targeted.