Venus Pipes and Tubes Ltd Q1 FY2024 PAT jumps to Rs. 17.40 crores

Venus Pipes & Tubes Limited has reported Standalone financial results for the period ended June 30, 2023.

Financial Results (Q1 FY2024) - QoQ Comparison

The company has reported total income of Rs. 180.167 crores during the period ended June 30, 2023 as compared to Rs. 176.820 crores during the period ended March 31, 2023.

The company has posted net profit / (loss) of Rs. 17.406 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs. 13.429 crores for the period ended March 31, 2023.

The company has reported EPS of Rs. 8.58 for the period ended June 30, 2023 as compared to Rs. 6.87 for the period ended March 31, 2023.

Financials	Q1 FY2024	Q4 FY2023	% Change
Total Income	₹180.167 crs	₹176.820 crs	1.89%
Net Profit	₹17.406 crs	₹13.429 crs	29.62%
EPS	₹8.58	₹6.87	24.89%

Financial Results (Q1 FY2024) - YoY Comparison

The company has reported total income of Rs.180.167 crores during the period ended June 30, 2023 as compared to Rs.114.178 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs.17.406 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs.9.110 crores for the period ended June 30, 2022.

The company has reported EPS of Rs.8.58 for the period ended June 30, 2023 as compared to Rs.4.66 for the period ended June 30, 2022.

Financials	Q1 FY2024	Q1 FY2023	% Change
Total Income	₹180.167 crs	₹114.178 crs	57.79%
Net Profit	₹17.406 crs	₹9.110 crs	91.06%
EPS	₹8.58	₹4.66	84.12%

Shares of Venus Pipes & Tubes Limited was last trading in BSE at Rs. 1245.10 as compared to the previous close of Rs. 1240.60. The total number of shares traded during the day was 912 in over 164 trades.

The stock hit an intraday high of Rs. 1250.05 and intraday low of 1240.00. The net turnover during the day was Rs. 1133894.00.

Source : Equity Bulls

Keywords

VenusPipesandTubes Q1FY24 ResultUpdate