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Venus Pipes & Tubes - Quaterly Results

29 Jan 2024 Evaluate
The turnover is pegged at Rs. 2071.27 millions for the December 2023 quarter. The mentioned figure indicates a rise of about 52.18% as against Rs. 1361.07 millions during the year-ago period.Net Profit for the quarter ended December 2023 zoomed to 106.39% from Rs. 112.77 millions to Rs. 232.75  millions.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 1182.00
Tata Steel 174.70
Steel Authority 172.80
Jindal Stainless 722.15
APL Apollo Tubes 2177.60
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