Venus Pipes & Tubes Ltd (VENUSPIPES)

Venus Pipes & Tubes Reports Strong Financial Results - 17 May, 2024

Venus Pipes & Tubes reports a 27.13% YoY increase in net sales, with quarterly net profit up 86.45%. The company's EPS has also increased significantly. Venus Pipes shares have given returns of 47.13% over the last 6 months and 133.14% over the last 12 months.

Venus Pipes & Tubes Reports Strong FY 2024 Earnings - 11 May, 2024

Venus Pipes & Tubes reported a significant increase in revenue and net income for FY 2024, with an EPS of ₹42.36. The company's profit margin also increased to 11%. Despite this positive news, the stock is down 1.2% from a week ago. However, Venus Pipes & Tubes is expected to see strong revenue growth over the next three years compared to the industry average.

Venus Pipes & Tubes Recommends Final Dividend of Rs. 0.50 per Share - 10 May, 2024

The board of directors of Venus Pipes and Tubes Ltd has recommended a final dividend of Rs. 0.50/- per equity share (representing 5 %) for the financial year 2023-24, subject to approval of shareholders at the upcoming AGM.

Venus Pipes & Tubes Reports Strong Revenue Growth and Plans for Expansion - 08 May, 2024

Venus Pipes & Tubes saw a 42.63% increase in revenue, with a CAGR of 46% over four years. The company plans to expand manufacturing capabilities and establish a piercing line. Stock surged almost 142% in one year.