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Venus Pipes & Tubes - Quaterly Results

25 Jul 2024 Evaluate
The sales surged to Rs. 2401.38 millions, up 33.70% for the June 2024 quarter as against Rs. 1796.12 millions during the corresponding quarter previous year.Net profit for the quarter ended June 2024 increased significantly by 58.31% to Rs. 275.56 millions from Rs. 174.06 millions.Operating profit surged to 489.54 millions from the corresponding previous quarter of 281.33 millions.


(Rs. in Million)


  Quarter ended Year to Date Year ended
  202406 202306 % Var 202406 202306 % Var 202403 202303 % Var
Sales 2401.38 1796.12 33.70 2401.38 1796.12 33.70 8021.98 5523.96 45.22
Other Income 10.18 5.55 83.42 10.18 5.55 83.42 31.78 23.95 32.69
PBIDT 489.54 281.33 74.01 489.54 281.33 74.01 1494.94 714.99 109.09
Interest 76.50 33.10 131.12 76.50 33.10 131.12 220.82 98.43 124.34
PBDT 413.04 248.23 66.39 413.04 248.23 66.39 1274.12 616.56 106.65
Depreciation 43.35 13.94 210.98 43.35 13.94 210.98 117.69 19.71 497.11
PBT 369.69 234.29 57.79 369.69 234.29 57.79 1156.43 596.85 93.76
TAX 94.13 60.23 56.28 94.13 60.23 56.28 296.64 154.78 91.65
Deferred Tax 12.38 8.74 41.65 12.38 8.74 41.65 60.09 7.30 723.15
PAT 275.56 174.06 58.31 275.56 174.06 58.31 859.79 442.07 94.49
Equity 202.96 202.96 0.00 202.96 202.96 0.00 202.96 202.96 0.00
PBIDTM(%) 20.39 15.66 30.15 20.39 15.66 30.15 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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