Venus Pipes and Tubes Ltd posts rise in Q3FY24 net profit to Rs. 23.27 crores

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

Financial Results (Q3 FY2024) - QoQ Comparison

The company has reported total income of Rs. 209.125 crores during the period ended December 31, 2023 as compared to Rs. 191.838 crores during the period ended September 30, 2023.

The company has posted net profit / (loss) of Rs. 23.275 crores for the period ended December 31, 2023 as against net profit / (loss) of Rs. 20.259 crores for the period ended September 30, 2023.

The company has reported EPS of Rs. 11.47 for the period ended December 31, 2023 as compared to Rs. 9.98 for the period ended September 30, 2023.

Financials	Q3 FY2024	Q2 FY2024	% Change
Total Income	₹ 209.125 crs	₹191.838 crs	9.01%
Net Profit	₹23.275 crs	₹20.259 crs	14.89%
EPS	₹11.47	₹9.98	14.93%

Financial Results (Q3 FY2024) - YoY Comparison

The company has reported total income of Rs. 209.125 crores during the period ended December 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.23.275 crores for the period ended December 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.11.47 for the period ended December 31, 2023 as compared to Rs.5.77 for the period ended December 31, 2022.

Financials	Q3 FY2024	Q3 FY2023	% Change
Total Income	₹ 209.125 crs	₹136.420 crs	53.29%
Net Profit	₹23.275 crs	₹11.277 crs	106.39%
EPS	₹11.47	₹5.77	98.79%

Financial Results (9 Months Ended FY2024) - YoY Comparison

The company has reported total income of Rs.581.130 crores during the 9 Months period ended December 31, 2023 as compared to Rs.377.971 crores during the 9 Months period ended December 31, 2022.

The company has posted net profit / (loss) of Rs.60.940 crores for the 9 Months period ended December 31, 2023 as against net profit / (loss) of Rs.30.778 crores for the 9 Months period ended December 31, 2022.

The company has reported EPS of Rs.30.03 for the 9 Months period ended December 31, 2023 as compared to Rs.15.74 for the 9 Months period ended December 31, 2022.

Financials	9 Months Ended FY2024	9 Months Ended FY2023	% Change
Total Income	₹581.130 crs	₹377.971 crs	53.75%
Net Profit	₹60.940 crs	₹30.778 crs	98.00%
EPS	₹30.03	₹15.74	90.79%

Shares of Venus Pipes & Tubes Limited was last trading in BSE at Rs. 1453.00 as compared to the previous close of Rs. 1425.45. The total number of shares traded during the day was 7243 in over 977 trades.

The stock hit an intraday high of Rs. 1480.00 and intraday low of 1434.80. The net turnover during the day was Rs. 10512111.00.

Source : Equity Bulls

Keywords

VenusPipesandTubes Q3FY24 9MFY24 ResultUpdate