Venus Pipes FY26 Revenue Surges 21.7% to ₹1,167 Cr; Forays into Pipe Spooling
Venus Pipes & Tubes Ltd. reported its best-ever annual performance for FY26, with revenue growing 21.7% to ₹1,167 crore and PAT increasing 9.7% to ₹101.9 crore. The company is foraying into Spooling Solutions with ₹70 crore capex, backed by a ₹185 crore LOI. Investments also include a ₹12 crore JCO machine and ₹22 crore solar power plant.
The announcement includes strong financial results, strategic diversification into spooling solutions backed by a substantial LOI, and significant capital expenditure, all of which are material to the company's future growth and profitability.
The company reported its best-ever annual performance with significant growth in revenue and PAT, along with strategic investments and expansion plans, indicating a positive outlook.
Venus Pipes & Tubes Ltd. has announced its audited financial results for the fourth quarter and full year ending March 31st, 2026, reporting its best-ever annual performance. The company's revenue for FY26 grew by 21.7% to ₹1,166.8 crore, up from ₹958.5 crore in FY25. EBITDA increased by 13.7% to ₹190.6 crore, while Profit After Tax (PAT) rose by 9.7% to ₹101.9 crore.
In the fourth quarter of FY26, revenue stood at ₹302.2 crore, a 17.1% increase year-on-year. EBITDA for the quarter was ₹49.4 crore, up 18.7%, and PAT was ₹25.4 crore, a 7.2% increase.
Operationally, the company has commenced operations for its expanded capacity in Seamless Pipes/Tubes and Fittings. A significant development is the foray into Spooling Solutions with an investment of approximately ₹70 crore towards a dedicated Spooling & Fabrication facility. This move is supported by a Letter of Intent (LOI) worth ₹185 crore from a leading customer in the Data Center segment.
Further investments include a JCO machine worth ₹12 crore to manufacture longer welded pipes and the ongoing installation of a 6.1 MW Solar Power plant with an investment of ₹22 crore, expected to save ₹6 crore annually in power costs. The company has also purchased an additional 15 acres of land for future expansion.
Commenting on the performance, Arun Kothari, Managing Director, stated that the company's focus remained on ramping up operations, commissioning capacities, and securing larger orders. He highlighted the strengthening domestic business and resilient export performance despite geopolitical uncertainties. The entry into spooling business is a strategic move towards becoming a one-stop piping solutions provider. The company remains committed to operational efficiency, disciplined execution, and customer-centric growth, with a pivot towards integrated solutions in FY27.
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