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Venus Pipes & Tubes - Quaterly Results

09 Aug 2022 Evaluate
A decent increase of about 40.14% in the sales to Rs. 1136.01 millions was observed for the quarter ended June 2022. The sales figure stood at Rs. 810.62 millions during the year-ago period.Good  Net Profit growth of 33.85% reported above the corresponding previous quarter figure of Rs. 68.06 millions to Rs. 91.10 millioins.Operating profit for the quarter ended June 2022 rose to 150.57 millions as compared to 106.25 millions of corresponding quarter ended June 2021.


(Rs. in Million)


  Quarter ended Year to Date Year ended
  202206 202106 % Var 202206 202106 % Var 202203 202103 % Var
Sales 1136.01 810.62 40.14 1136.01 810.62 40.14 3869.52 3093.31 25.09
Other Income 5.77 12.76 -54.78 5.77 12.76 -54.78 21.23 27.00 -21.37
PBIDT 150.57 106.25 41.71 150.57 106.25 41.71 513.59 374.77 37.04
Interest 25.14 11.87 111.79 25.14 11.87 111.79 70.57 55.61 26.90
PBDT 125.43 94.38 32.90 125.43 94.38 32.90 443.02 319.16 38.81
Depreciation 3.85 3.38 13.91 3.85 3.38 13.91 14.25 9.65 47.67
PBT 121.58 91.00 33.60 121.58 91.00 33.60 428.77 309.51 38.53
TAX 30.48 22.94 32.87 30.48 22.94 32.87 112.10 73.18 53.18
Deferred Tax 0.54 0.69 -21.74 0.54 0.69 -21.74 3.09 -6.46 -147.83
PAT 91.10 68.06 33.85 91.10 68.06 33.85 316.67 236.33 33.99
Equity 202.96 87.33 132.41 202.96 87.33 132.41 152.22 87.33 74.30
PBIDTM(%) 13.25 13.11 1.12 13.25 13.11 1.12 13.27 12.12 9.55
Peers
Company Name CMP
JSW Steel 1266.00
Tata Steel 184.70
Steel Authority 174.00
Jindal Stainless 743.45
APL Apollo Tubes 2180.20
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