Venus Pipes Q3 FY26 Revenue Surges 28.3% to ₹296.7 Cr; PAT Up 42%
Venus Pipes & Tubes reported a 28.3% year-on-year revenue growth to ₹296.7 crore in Q3 FY26. PAT increased by 42% to ₹25.6 crore. The company expects at least 20% revenue growth in FY27, driven by new capacities and value-added products. EBITDA margins are targeted to reach 18% by FY28.
The announcement includes significant financial performance metrics (revenue and profit growth), strategic capacity expansions, and future growth guidance, which are material for investors.
The company has reported strong double-digit growth in revenue and profit, along with positive commentary on future outlook and capacity expansion, indicating a favorable performance.
Venus Pipes & Tubes Limited announced its financial results for the third quarter and nine months ended December 31, 2025 (Q3 FY26). The company reported an all-time high revenue of ₹296.7 crore for Q3 FY26, marking a significant year-on-year growth of 28.3%. For the nine-month period (9M FY26), revenue reached ₹864.7 crore, which is 90% of the FY25 revenues.
Domestic revenue saw a substantial increase of 43% year-on-year to ₹203 crore in Q3 FY26, with a sequential growth of over 15%. Exports contributed ₹93.5 crore, representing 31.5% of the total revenue. Both seamless and welded pipe segments performed strongly, with growth of over 27% and 22% respectively for 9M FY26.
EBITDA for the quarter grew by 31% to ₹48.8 crore, with EBITDA margins at 16.4%. Profit After Tax (PAT) for Q3 FY26 stood at ₹25.6 crore, a 42% increase year-on-year, with PAT margins at 8.6%. The company incurred a one-time impact of approximately ₹65 lakh due to changes in the Labour Code affecting gratuity and leave liability.
Management highlighted the government's focus on capital expenditure and infrastructure development as positive indicators for the industry. The company is expanding its product range, particularly into value-added products like fittings and seamless pipes, with new capacities expected to come online in the coming months. The order book stands at approximately ₹470 crore. Looking ahead, the company anticipates at least 20% revenue growth in FY27, driven by new capacities and a higher share of value-added offerings. The company aims to improve EBITDA margins to around 18% by FY28.
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Venus Pipes & Tubes Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. 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.