Venus Pipes and Tubes Q4 FY26: Growth holds as the company moves up the value chain

Q4 FY26 revenue from operations was INR 302.2 crore, EBITDA was INR 49.4 crore (16.3% margin) and PAT was INR 25.4 crore (8.4% margin).

FY26 revenue from operations was INR 1,166.8 crore, EBITDA was INR 190.6 crore (16.3% margin) and PAT was INR 101.9 crore (8.7% margin).

FY26 revenue contribution was 58% from seamless pipes, 36% from welded pipes and 6% from others; segment revenues were INR 675.4 crore (seamless), INR 420.8 crore (welded) and INR 70.6 crore (others).

FY26 domestic revenue was INR 766.7 crore and export revenue was INR 400.1 crore, translating to 66% domestic and 34% exports.

The company announced around INR 70 crore capex to add pipe spooling and fabrication capabilities, backed by an LOI for an INR 185 crore spooling order from a data center customer.

Management guided for at least more than 20% growth in FY27, EBITDA margin higher than FY26, and capex of INR 90 to 100 crore for FY27.