Venus Pipes Share Price Rises Over 4% After Q1FY26 Results

Market Performance

Venus Pipes & Tubes Ltd. shares gained over 4% in intraday trade on Wednesday, August 13, after the company announced its Q1FY26 earnings.

• Day’s High: ₹1,342.45
• 52-Week High: ₹2,448.00 (August last year)
• 52-Week Low: ₹968.80 (April this year)
  Over the past year, the stock has fallen 38%, and in 2025 YTD, it has declined 11%.

Main News

The Gujarat-based stainless steel pipes manufacturer reported strong revenue growth in the first quarter, backed by higher sales volumes across seamless and welded pipes. Domestic demand, especially from the power sector, drove a 10% sequential increase in revenue, while exports saw a 20% YoY dip due to global uncertainties.

The company also secured a ₹1.9 billion order for a thermal power project, to be completed over 15 months.

Company Financials – Q1FY26 Performance

Revenue:

• ₹276.4 crore, up 15.1% from ₹240.1 crore in Q1FY25.

EBITDA:

• ₹44.9 crore, down 6.5% from ₹48 crore in Q1FY25.
• EBITDA Margin: 16.2% vs 20% last year.

Net Profit:

• ₹24.8 crore, down 9.8% from ₹27.5 crore in Q1FY25.

Operational Highlights

• Product Mix: Seamless pipes contributed 55% of revenue, welded pipes 37%.
• Domestic Revenue: 63% of total, up from 56% in Q4FY25.
• Exports: 37.3% of revenue, down due to supply chain constraints.
• New Capacity: Commissioned 3,600 MT for value-added products; fittings capacity to be added in H2FY26.
• Order Book: Valued at ₹5.6 billion.
• Capex Plan: ₹1.75 billion, with ₹1.2 billion to be spent in FY26.

Summary

Venus Pipes share price surged after the company reported a 15% YoY jump in revenue for Q1FY26. However, profitability was under pressure due to higher costs and a dip in export sales. Domestic demand from the power sector remains strong, supported by new orders and capacity expansion plans.

With a robust order book and strategic capacity additions, the company appears focused on sustaining growth momentum despite near-term export headwinds.