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Venus Pipes & Tubes - Quaterly Results

24 May 2023 Evaluate
The Turnover for the quarter ended March 2023 of Rs. 1762.80 millions increase by 59.99% from Rs. 1101.83 millions.Net profit surges 66.37% to Rs. 134.29  millions  from Rs. 80.72 millions in the quarter ended March 2023.Operating profit for the quarter ended March 2023 rose to 221.23 millions as compared to 143.36 millions of corresponding quarter ended March 2022.


(Rs. in Million)


  Quarter ended Year to Date Year ended
  202303 202203 % Var 202303 202203 % Var 202303 202203 % Var
Sales 1762.80 1101.83 59.99 5523.96 3869.52 42.76 5523.96 3869.52 42.76
Other Income 5.40 6.12 -11.76 23.95 21.23 12.81 23.95 21.23 12.81
PBIDT 221.23 143.36 54.32 714.99 513.59 39.21 714.99 513.59 39.21
Interest 30.18 27.96 7.94 98.43 70.57 39.48 98.43 70.57 39.48
PBDT 191.05 115.40 65.55 616.56 443.02 39.17 616.56 443.02 39.17
Depreciation 6.01 3.67 63.76 19.71 14.25 38.32 19.71 14.25 38.32
PBT 185.04 111.73 65.61 596.85 428.77 39.20 596.85 428.77 39.20
TAX 50.75 31.01 63.66 154.78 112.10 38.07 154.78 112.10 38.07
Deferred Tax 3.80 0.81 369.14 7.30 3.09 136.25 7.30 3.09 136.25
PAT 134.29 80.72 66.37 442.07 316.67 39.60 442.07 316.67 39.60
Equity 202.96 152.22 33.33 202.96 152.22 33.33 202.96 152.22 33.33
PBIDTM(%) 12.55 13.01 -3.54 12.94 13.27 -2.48 12.94 13.27 -2.48
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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