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Venus Pipes & Tubes - Quaterly Results

09 Nov 2022 Evaluate
A decent increase of about 41.29% in the sales to Rs. 1264.08 millions was observed for the quarter ended September 2022. The sales figure stood at Rs. 894.64 millions during the year-ago period.Net profit stood at Rs. 103.91  millions  compared to Rs. 88.27 millions in the corresponding previous quarter,high by 17.72%.Operating Profit saw a handsome growth to 164.79 millions from 134.10 millions in the quarter ended September 2022.


(Rs. in Million)


  Quarter ended Year to Date Year ended
  202209 202109 % Var 202209 202109 % Var 202203 202103 % Var
Sales 1264.08 894.64 41.29 2400.09 1705.26 40.75 3869.52 3093.31 25.09
Other Income 9.65 0.65 1384.62 15.42 13.41 14.99 21.23 27.00 -21.37
PBIDT 164.79 134.10 22.89 315.36 240.35 31.21 513.59 374.77 37.04
Interest 20.53 13.69 49.96 45.67 25.56 78.68 70.57 55.61 26.90
PBDT 144.26 120.41 19.81 269.69 214.79 25.56 443.02 319.16 38.81
Depreciation 4.62 3.56 29.78 8.47 6.94 22.05 14.25 9.65 47.67
PBT 139.64 116.85 19.50 261.22 207.85 25.68 428.77 309.51 38.53
TAX 35.73 28.58 25.02 66.21 51.52 28.51 112.10 73.18 53.18
Deferred Tax 1.88 0.22 754.55 2.42 0.91 165.93 3.09 -6.46 -147.83
PAT 103.91 88.27 17.72 195.01 156.33 24.74 316.67 236.33 33.99
Equity 202.96 130.99 54.94 202.96 130.99 54.94 152.22 87.33 74.30
PBIDTM(%) 13.04 14.99 -13.03 13.14 14.09 -6.78 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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