What was Venus Pipes' full-year revenue and profit growth?

Full-year revenue grew 21.7% to ₹11,668.48 million. Profit after tax grew just 9.8% over the same period.

How did the fourth quarter perform?

Q4 revenue was ₹3,021.95 million, up 17.1% year-on-year. Profit after tax grew 7.5%.

Did the board declare a dividend?

The board recommended a final dividend of ₹0.50 per share for the year.

What does the gap between revenue and profit growth indicate?

It indicates margin pressure. Revenue is growing at more than double the rate of profit, meaning costs are rising faster than sales.

Earnings · Steel & Iron Products · Small cap

Venus Pipes grows revenue 22% but profit growth lags badly

Full-year PAT rose just 9.8% against 21.7% revenue growth, a clear margin squeeze. The filing is routine with no guidance changes.

— 7 earlier stories on Venus Pipes & Tubes Ltd. →

VENUSPIPES By Tipsheet Editorial 26 May 2026 · 3:23 PM IST Verify on BSE · NSE

Mkt cap₹2,940 cr

P/E28.84×

ROE17.48%

Debt / eq.0.36

Div yld0.04%

21.7% Full-year revenue growth, vs. 9.8% profit growth.

What's new

FY26 revenue hit ₹11,668.48 million, up 21.7% year-on-year.
PAT grew 9.8% for the full year, far below the revenue pace.
Q4 saw similar trends: revenue up 17.1%, profit up 7.5%.

Why this matters

The results reveal a widening gap between sales and profit growth. Costs are climbing faster than revenue as the company scales. It’s a routine filing, but the margin compression is the key takeaway.

What we're watching

Management commentary on input costs and pricing in the concall.
Whether the next quarter closes the revenue-profit growth gap.
Order-book and capacity-utilization trends for FY27.

The full read

Venus Pipes' audited FY26 results are in. Revenue grew 21.7% to ₹11,668.48 million. Profit after tax rose 9.8%. That gap is the story. The fourth quarter tells the same tale: revenue up 17.1% to ₹3,021.95 million, profit up 7.5%. The company also declared a final dividend of ₹0.50 per share. There are no profit warnings or guidance changes. The filing is administrative. Hardly. The distance between the two growth rates signals that scaling the business is currently more expensive than it was a year ago, compressing margins as it goes.

Questions answered

What was Venus Pipes' full-year revenue and profit growth?: Full-year revenue grew 21.7% to ₹11,668.48 million. Profit after tax grew just 9.8% over the same period.
How did the fourth quarter perform?: Q4 revenue was ₹3,021.95 million, up 17.1% year-on-year. Profit after tax grew 7.5%.
Did the board declare a dividend?: The board recommended a final dividend of ₹0.50 per share for the year.
What does the gap between revenue and profit growth indicate?: It indicates margin pressure. Revenue is growing at more than double the rate of profit, meaning costs are rising faster than sales.

Mentioned: Venus Pipes & Tubes Ltd. · ₹11,668.48 million FY26 revenue · ₹0.50 per share dividend

Primary source BSE · NSE

An independent reading of the company's own disclosure — the primary filing above is the final word.

Story so far

All notes on VENUSPIPES →

26 May 2026 · 3:23 PM IST Venus Pipes grows revenue 22% but profit growth lags badly
today Venus Pipes lands ₹185 cr data-center order, pushes capex to ₹200 cr
8d ago Venus Pipes targets 20% volume growth as data center order kicks in
8d ago Venus Pipes grew revenue 21.7% last year. Profit didn't keep up.
8d ago Venus Pipes wins ₹185-cr data-centre order, invests ₹70 cr in new plant