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Venus Pipes & Tubes - Quaterly Results

09 May 2024 Evaluate
The sales moved up 27.13% to Rs. 2241.04 millions for the March 2024 quarter as compared to Rs. 1762.80 millions during the year-ago period.Net profit surges 86.45% to Rs. 250.39  millions  from Rs. 134.29 millions in the quarter ended March 2024.Operating profit surged to 451.62 millions from the corresponding previous quarter of 221.23 millions.


(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 1266.00
Tata Steel 184.70
Steel Authority 174.00
Jindal Stainless 743.45
APL Apollo Tubes 2180.20
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