Venus Pipes Q2 FY27: Revenue Hits ₹361 Crore, Exports Reach Record ₹147 Crore
Venus Pipes & Tubes reported record Q2 FY27 revenue of ₹361 crores, up 24% YoY. Exports hit a record ₹147 crores. The company secured a ₹29 crore order for its spooling facility and has an additional ₹156 crore LOI from a data center customer. EBITDA was ₹51.7 crores. Profitability expected to improve in H2 FY27 due to debt reduction.
The announcement includes record financial results, new order wins, strategic expansion into high-margin segments like data centers, and significant debt reduction, all of which are material events for investors.
The company reported record revenues and exports, secured new orders, and is strengthening its balance sheet through debt reduction, all indicating positive financial performance and future outlook.
Venus Pipes & Tubes Limited announced its financial results for the quarter and half-year ended September 30, 2026. The company reported its highest ever quarterly revenue of ₹361 crores, a growth of 24% year-on-year. Exports also reached an all-time high of ₹147 crores, constituting 41% of the revenue and growing over 50% sequentially. The company secured a firm order of approximately ₹29 crores from a data center customer for its new spooling facility.
For the second quarter of FY27, revenues stood at ₹361.1 crores, a 23.9% increase from ₹291.5 crores in Q2 FY26. For the first half of FY27, revenues were ₹681.6 crores, a 20% growth compared to ₹568 crores in the same period last year. The revenue mix for Q2 FY27 comprised 54.7% from seamless pipes, 37.6% from welded pipes, 2.5% from fittings, and 5.2% from other products.
EBITDA for Q2 FY27 was ₹51.7 crores, a 9.1% increase year-on-year, with a margin of 14.3%. For H1 FY27, EBITDA was ₹103.2 crores, an 11.8% growth with a margin of 15.1%. Profit after tax for Q2 FY27 was ₹26 crores. The company expects profitability to improve in H2 FY27 onwards due to reduced finance costs following a ₹372 crore preferential allotment aimed at debt repayment.
The order book remains strong at over ₹670 crores, including the ₹30 crores data center order. An additional ₹156 crores from a data center Letter of Intent (LOI) is expected to convert in phases over the next 12 months, with full conversion anticipated by Q2 FY28. The company plans to expand spooling capabilities into the power and oil & gas sectors, with nuclear sector planned for a later phase, expecting high EBITDA margins for these new segments.
Management highlighted that the decrease in EBITDA margin was primarily due to increased freight and fuel costs, impacting export performance. However, freight costs have shown a downward trend recently. The company anticipates volume growth of around 15% for the full year, driven by both domestic and export demand, and increased utilization of its seamless pipe manufacturing facility. Capex for the year is projected to be between ₹130-₹140 crores.
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Venus Pipes & Tubes Limited filed this with the NSE as a statutory disclosure, categorised under concall scheduled. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Venus Pipes & Tubes Limited. Read the original for the full detail.