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Venus Pipes & Tubes - Quaterly Results

09 May 2024 Evaluate
The sales surged to Rs. 2241.04 millions, up 27.13% for the March 2024 quarter as against Rs. 1762.80 millions during the corresponding quarter previous year.The Profit  for the quarter ended March 2024 of  Rs. 250.39  millions  grew by 86.45% from Rs. 134.29 millions.OP of the company witnessed a marginal growth to 451.62 millions from 221.23 millions in the same quarter last year.


(Rs. in Million)


  Quarter ended Year to Date Year ended
  202403 202303 % Var 202403 202303 % Var 202403 202303 % Var
Sales 2241.04 1762.80 27.13 8021.98 5523.96 45.22 8021.98 5523.96 45.22
Other Income 1.42 5.40 -73.70 31.78 23.95 32.69 31.78 23.95 32.69
PBIDT 451.62 221.23 104.14 1494.94 714.99 109.09 1494.94 714.99 109.09
Interest 75.28 30.18 149.44 220.82 98.43 124.34 220.82 98.43 124.34
PBDT 376.34 191.05 96.99 1274.12 616.56 106.65 1274.12 616.56 106.65
Depreciation 38.25 6.01 536.44 117.69 19.71 497.11 117.69 19.71 497.11
PBT 338.09 185.04 82.71 1156.43 596.85 93.76 1156.43 596.85 93.76
TAX 87.70 50.75 72.81 296.64 154.78 91.65 296.64 154.78 91.65
Deferred Tax 14.70 3.80 286.84 60.09 7.30 723.15 60.09 7.30 723.15
PAT 250.39 134.29 86.45 859.79 442.07 94.49 859.79 442.07 94.49
Equity 202.96 202.96 0.00 202.96 202.96 0.00 202.96 202.96 0.00
PBIDTM(%) 20.15 12.55 60.58 18.64 12.94 43.98 18.64 12.94 43.98
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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