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Venus Pipes & Tubes - Quaterly Results

29 Jan 2024 Evaluate
The Turnover for the quarter ended December 2023 of Rs. 2071.27 millions increase by 52.18% from Rs. 1361.07 millions.The company almost doubled its revenue to Rs. 232.75 millions  from Rs. 112.77 millions in the quarter ended December 2023.Operating profit surged to 410.37 millions from the corresponding previous quarter of 178.40 millions.


(Rs. in Million)


  Quarter ended Year to Date Year ended
  202312 202212 % Var 202312 202212 % Var 202303 202203 % Var
Sales 2071.27 1361.07 52.18 5780.94 3761.16 53.70 5523.96 3869.52 42.76
Other Income 19.98 3.13 538.34 30.36 18.55 63.67 23.95 21.23 12.81
PBIDT 410.37 178.40 130.03 1043.32 493.76 111.30 714.99 513.59 39.21
Interest 61.95 22.58 174.36 145.54 68.25 113.25 98.43 70.57 39.48
PBDT 348.42 155.82 123.60 897.78 425.51 110.99 616.56 443.02 39.17
Depreciation 36.82 5.23 604.02 79.44 13.70 479.85 19.71 14.25 38.32
PBT 311.60 150.59 106.92 818.34 411.81 98.72 596.85 428.77 39.20
TAX 78.85 37.82 108.49 208.94 104.03 100.85 154.78 112.10 38.07
Deferred Tax 15.09 1.08 1297.22 45.39 3.50 1196.86 7.30 3.09 136.25
PAT 232.75 112.77 106.39 609.40 307.78 98.00 442.07 316.67 39.60
Equity 202.96 202.96 0.00 202.96 202.96 0.00 202.96 152.22 33.33
PBIDTM(%) 19.81 13.11 51.16 18.05 13.13 37.48 12.94 13.27 -2.48
Peers
Company Name CMP
JSW Steel 1310.00
Tata Steel 177.15
Steel Authority 165.10
Jindal Stainless 679.10
APL Apollo Tubes 2148.10
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