Stock Report

Venus Pipes and Tubes Ltd Q4 FY2023 net profit higher at Rs. 13.42 crores

Posted On : 2023-05-24 20:44:48( TIMEZONE : IST )

Venus Pipes & Tubes Limited has reported Standalone financial results for the period ended March 31, 2023.

Financial Results (Q4 FY2023) - QoQ Comparison

The company has reported total income of Rs. 176.820 crores during the period ended March 31, 2023 as compared to Rs. 136.420 crores during the period ended December 31, 2022.

The company has posted net profit / (loss) of Rs. 13.429 crores for the period ended March 31, 2023 as against net profit / (loss) of Rs. 11.277 crores for the period ended December 31, 2022.

The company has reported EPS of Rs. 6.87 for the period ended March 31, 2023 as compared to Rs. 5.77 for the period ended December 31, 2022.

Financials	Q4 FY2023	Q3 FY2023	% Change
Total Income	₹176.820 crs	₹136.420 crs	29.61%
Net Profit	₹13.429 crs	₹11.277 crs	19.08%
EPS	₹6.87	₹5.77	19.06%

Financial Results (Q4 FY2023) - YoY Comparison

The company has reported total income of Rs.176.820 crores during the period ended March 31, 2023 as compared to Rs.110.795 crores during the period ended March 31, 2022.

The company has posted net profit / (loss) of Rs.13.429 crores for the period ended March 31, 2023 as against net profit / (loss) of Rs.8.073 crores for the period ended March 31, 2022.

The company has reported EPS of Rs.6.87 for the period ended March 31, 2023 as compared to Rs.5.75 for the period ended March 31, 2022.

Financials	Q4 FY2023	Q4 FY2022	% Change
Total Income	₹176.820 crs	₹110.795 crs	59.59%
Net Profit	₹13.429 crs	₹8.073 crs	66.34%
EPS	₹6.87	₹5.75	19.48%

Financial Results (Year Ended FY2023) - YoY Comparison

The company has reported total income of Rs.554.791 crores during the Financial Year ended March 31, 2023 as compared to Rs.389.075 crores during the Financial Year ended March 31, 2022.

The company has posted net profit / (loss) of Rs.44.207 crores for the Financial Year ended March 31, 2023 as against net profit / (loss) of Rs.31.668 crores for the Financial Year ended March 31, 2022.

The company has reported EPS of Rs.22.60 for the Financial Year ended March 31, 2023 as compared to Rs.22.55 for the Financial Year ended March 31, 2022.

Financials	Year Ended FY2023	Year Ended FY2022	% Change
Total Income	₹554.791 crs	₹389.075 crs	42.59%
Net Profit	₹44.207 crs	₹31.668 crs	39.60%
EPS	₹22.60	₹22.55	0.22%

Shares of Venus Pipes & Tubes Limited was last trading in BSE at Rs. 969.95 as compared to the previous close of Rs. 950.25. The total number of shares traded during the day was 18505 in over 1003 trades.

The stock hit an intraday high of Rs. 989.00 and intraday low of 940.00. The net turnover during the day was Rs. 17955982.00.