Integrated Filing — IndAS



General information about company

Scrip Code 543528
NSE Symbol VENUSPIPES
MSEI Symbol NOTLISTED
ISIN INE0JA001018
Name of company VENUS PIPES & TUBES LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-04-2026
Date of end of financial year 31-03-2027
Date of board meeting when results were approved 05-11-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 30-10-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Second quarter
Nature of report standalone or consolidated Standalone
Whether results are audited or unaudited for the quarter ended Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Single segment
Description of single segment Manufacturing
Start date and time of board meeting 05-11-2026   17:00:00
End date and time of board meeting 05-11-2026   18:05:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Whether the company has any related party? Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure? Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public NA
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure. NA
Whether the company is a high value debt listed entity according to regulation 15 (1A)? No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company? Yes
Latest Date on which RPT policy is updated 05-11-2026
Indicate Company website link for updated RPT policy of the Company wwwvenuspipescom
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? No
No. of times funds raised during the quarter
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? No
Not Applicable



Financial Results Ind-AS

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-07-2026 01-04-2026
B Date of end of reporting period 30-09-2026 30-09-2026
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Standalone Standalone
1 Income
Revenue from operations 36,105.40 68,159.10
Other income 546.70 815.70
Total income 36,652.10 68,974.80
2 Expenses
(a) Cost of materials consumed 27,843.20 51,049.00
(b) Purchases of stock-in-trade 0.00 0.00
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade (4,509.50) (6,949.70)
(d) Employee benefit expense 1,693.90 3,270.60
(e) Finance costs 1,379.50 2,507.80
(f) Depreciation, depletion and amortisation expense 875.50 1,597.10
(f) Other Expenses
1 Other Expenses 5,911.00 10,470.90
Total other expenses 5,911.00 10,470.90
Total expenses 33,193.60 61,945.70
3 Total profit before exceptional items and tax 3,458.50 7,029.10
4 Exceptional items 0.00 0.00
5 Total profit before tax 3,458.50 7,029.10
6 Tax expense
7 Current tax 631.30 1,348.30
8 Deferred tax 224.80 437.60
9 Total tax expenses 856.10 1,785.90
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0.00 0.00
11 Net Profit Loss for the period from continuing operations 2,602.40 5,243.20
12 Profit (loss) from discontinued operations before tax 0.00 0.00
13 Tax expense of discontinued operations 0.00 0.00
14 Net profit (loss) from discontinued operation after tax 0.00 0.00
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0.00 0.00
16 Total profit (loss) for period 2,602.40 5,243.20
17 Other comprehensive income net of taxes 48.50 56.50
18 Total Comprehensive Income for the period 2,650.90 5,299.70
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent
Total profit or loss, attributable to non-controlling interests
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent
Total comprehensive income for the period attributable to owners of parent non-controlling interests
21 Details of equity share capital
Paid-up equity share capital 2,071.60 2,071.60
Face value of equity share capital 10 10
27 Details of debt securities
22 Reserves excluding revaluation reserve
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 12.56 25.31
Diluted earnings (loss) per share from continuing operations 12.56 25.31
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 12.56 25.31
Diluted earnings (loss) per share from continuing and discontinued operations 12.56 25.31
24 Debt equity ratio 0 0
25 Debt service coverage ratio 0 0
26 Interest service coverage ratio 0 0
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results

Textual Information(1) Notes to Statement of Unaudited Standalone Financial Results for the quarter and half year ended September 30, 2026 1. In terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, this Statement of Unaudited Standalone Financial Results for the quarter and half year ended September 30, 2026 (“Unaudited Standalone Financial Results) of the Company has been reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on November 04, 2026 and have been subjected to limited review by the Statutory Auditors of the Company. 2. These financial results have been prepared in accordance with Indian Accounting Standard (Ind-AS) as prescribed under section 133 of Companies Act 2013 read with rule 3 of the Companies ( Indian Accounting Standards) Rules 2015 and relevant amendment thereafter. 3. Pursuant to the approval of the Board of Directors on September 16, 2026, and the shareholders at the Extraordinary General Meeting held on October 8, 2026, the Company has allotted 22,27,544 equity shares of face value Rs.10 each at an issue price of Rs.1,670 per share (including premium of Rs.1,660 per share), aggregating to Rs.371.99 Crores, on a preferential basis to identified non-promoter investors on October 27, 2026. The aforesaid allotment, being subsequent to the reporting period, has no impact on the financial results for the quarter and half year ended September 30, 2026. 4. The Board has approved first interim dividend for FY 2026-27 @ 5%, i.e. Rs. 0.5 per equity share of the face value of Rs. 10/- each amounting to Rs. 10.36 Million to its equity shareholders at its meeting held on November 05, 2026. 5. As the Company operates in a single operating segment, it did not give rise to different operating segments in accordance with Ind AS 108 - Operating Segments. 6. The previous period numbers have been regrouped/re-cast & rearranged wherever necessary to confirm the current period presentation. 7. The above Unaudited Financial Results of the Company are available on Company's website www.venuspipes.com and also on the website of BSE (www.bseindia.com) and NSE (www.nseindia.com), where the shares of the Company are listed. For and on behalf of the Board of Directors of Venus Pipes & Tubes Limited Mr. Arun Kothari Chairman & Managing Director (DIN: 00926613) Dhaneti, Bhuj November 05, 2026



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2026
Date of end of reporting period 30-09-2026
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Standalone
Assets
1 Non-current assets
Property, plant and equipment 56,256.00
Capital work-in-progress 4,133.80
Investment property 0.00
Goodwill 0.00
Other intangible assets 267.20
Intangible assets under development 0.00
Biological assets other than bearer plants 0.00
Investments accounted for using equity method 0.00
Non-current financial assets
Non-current investments 0.00
Trade receivables, non-current 0.00
Loans, non-current 0.00
Other non-current financial assets
1 Other non current financial assets 416.80
Total of other non-current financial assets 416.80
Total non-current financial assets 416.80
Deferred tax assets (net) 0.00
Other non-current assets
1 Other non-current assets 4,004.10
Total of other non-current assets 4,004.10
Total non-current assets 65,077.90
2 Current assets
Inventories 44,625.90
Current financial asset
Current investments 138.80
Trade receivables, current 29,569.30
Cash and cash equivalents 76.80
Bank balance other than cash and cash equivalents 3,904.90
Loans, current 0.00
Other current financial assets
Total of other current financial assets 1,163.60
Total current financial assets 34,853.40
Current tax assets (net) 0.00
Other current assets
1 Other current assets 4,694.40
Total of other current assets 4,694.40
Total current assets 84,173.70
3 Non-current assets classified as held for sale
4 Regulatory deferral account debit balances and related deferred tax Assets
Total assets 1,49,251.60
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 2,071.60
Other equity 69,972.20
Total equity attributable to owners of parent 72,043.80
Non controlling interest
Total equity 72,043.80
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 14,683.10
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises 0.00
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 0.00
Total Trade payable 0.00
Other non-current financial liabilities
1 Lease Liability 145.20
Total of other non-current financial liabilities 145.20
Total non-current financial liabilities 14,828.30
Provisions, non-current 199.90
Deferred tax liabilities (net) 2,272.00
Deferred government grants, Non-current 0.00
Other non-current liabilities
Total of other non-current liabilities
Total non-current liabilities 17,300.20
Current liabilities
Current financial liabilities
Borrowings, current 23,532.80
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 927.70
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 33,089.50
Total Trade payable 34,017.20
Other current financial liabilities
1 Other current financial liabilities 684.10
2 Lease Liability 11.70
Total of other current financial liabilities 695.80
Total current financial liabilities 58,245.80
Other current liabilities 783.80
1 Other current liabilities 783.80
Total of other current liabilities 783.80
Provisions, current 28.00
Current tax liabilities (Net) 850.00
Deferred government grants, Current 0.00
Total current liabilities 59,907.60
3 Liabilities directly associated with assets in disposal group classified as held for sale
4 Regulatory deferral account credit balances and related deferred tax liability
Total liabilities 77,207.80
Total equity and liabilites 1,49,251.60
Disclosure of notes on assets and liabilities Textual Information(1)



Text Block

Textual Information(1) As attached in financial results.



Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-07-2026 01-04-2026
Date of end of reporting period 30-09-2026 30-09-2026
Whether results are audited or unaudited Audited Audited
Nature of report standalone or consolidated Standalone Standalone
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets null null
Net Segment Asset null null
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities null null
Net Segment Liabilities null null
Disclosure of notes on segments



Other Comprehensive Income

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-07-2026 01-04-2026
B Date of end of reporting period 30-09-2026 30-09-2026
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Standalone Standalone
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Remeasurements of the defined benefit plans 1.30 2.60
Total Amount of items that will not be reclassified to profit and loss 1.30 2.60
2 Income tax relating to items that will not be reclassified to profit or loss 0.40 0.70
3 Amount of items that will be reclassified to profit and loss
1 Foreign exchange fluctuation in respect of cash flow hedge 63.50 72.90
Total Amount of items that will be reclassified to profit and loss 63.50 72.90
4 Income tax relating to items that will be reclassified to profit or loss 15.90 18.30
5 Total Other comprehensive income 48.50 56.50



Cash flow statement, indirect

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2026
B Date of end of reporting period 30-09-2026
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Standalone
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 7,029.10
Adjustments for reconcile profit (loss)
Adjustments for finance costs 2,251.80
Adjustments for decrease (increase) in inventories (5,937.00)
Adjustments for decrease (increase) in trade receivables, current (3,678.20)
Adjustments for decrease (increase) in trade receivables, non-current 0.00
Adjustments for decrease (increase) in other current assets 736.50
Adjustments for decrease (increase) in other non-current assets 0.00
Adjustments for other financial assets, non-current (33.80)
Adjustments for other financial assets, current (9.30)
Adjustments for other bank balances 0.00
Adjustments for increase (decrease) in trade payables, current 4,332.60
Adjustments for increase (decrease) in trade payables, non-current 0.00
Adjustments for increase (decrease) in other current liabilities 312.90
Adjustments for increase (decrease) in other non-current liabilities 21.10
Adjustments for depreciation and amortisation expense 1,597.10
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0.00
Adjustments for provisions, current 37.70
Adjustments for provisions, non-current 0.00
Adjustments for other financial liabilities, current (0.10)
Adjustments for other financial liabilities, non-current 0.00
Adjustments for unrealised foreign exchange losses gains (34.60)
Adjustments for dividend income 0.00
Adjustments for interest income 132.30
Adjustments for share-based payments 0.00
Adjustments for fair value losses (gains) 0.00
Adjustments for undistributed profits of associates 0.00
Other adjustments for which cash effects are investing or financing cash flow (6.70)
Other adjustments to reconcile profit (loss) 0.00
Other adjustments for non-cash items 0.00
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0.00
Total adjustments for reconcile profit (loss) (542.30)
Net cash flows from (used in) operations 6,486.80
Dividends received 0.00
Interest paid 0.00
Interest received 0.00
Income taxes paid (refund) 2,054.60
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) operating activities 4,432.20
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0.00
Cash flows used in obtaining control of subsidiaries or other businesses 0.00
Other cash receipts from sales of equity or debt instruments of other entities (50.80)
Other cash payments to acquire equity or debt instruments of other entities 0.00
Other cash receipts from sales of interests in joint ventures 0.00
Other cash payments to acquire interests in joint ventures 0.00
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0.00
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0.00
Proceeds from sales of property, plant and equipment 0.00
Purchase of property, plant and equipment 10,515.60
Proceeds from sales of investment property 0.00
Purchase of investment property 0.00
Proceeds from sales of intangible assets 0.00
Purchase of intangible assets 0.00
Proceeds from sales of intangible assets under development 0.00
Purchase of intangible assets under development 0.00
Proceeds from sales of goodwill 0.00
Purchase of goodwill 0.00
Proceeds from biological assets other than bearer plants 0.00
Purchase of biological assets other than bearer plants 0.00
Proceeds from government grants 0.00
Proceeds from sales of other long-term assets 0.00
Purchase of other long-term assets 0.00
Cash advances and loans made to other parties 0.00
Cash receipts from repayment of advances and loans made to other parties 0.00
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0.00
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0.00
Dividends received 0.00
Interest received 151.00
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash (1,850.20)
Net cash flows from (used in) investing activities (12,265.60)
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0.00
Payments from changes in ownership interests in subsidiaries 0.00
Proceeds from issuing shares 0.00
Proceeds from issuing other equity instruments 0.00
Payments to acquire or redeem entity's shares 0.00
Payments of other equity instruments 0.00
Proceeds from exercise of stock options 0.00
Proceeds from issuing debentures notes bonds etc 0.00
Proceeds from borrowings 9,663.10
Repayments of borrowings 0.00
Payments of lease liabilities 0.00
Dividends paid 95.50
Interest paid 2,275.70
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) financing activities 7,291.90
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes (541.50)
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0.00
Net increase (decrease) in cash and cash equivalents (541.50)
Cash and cash equivalents cash flow statement at beginning of period 618.30
Cash and cash equivalents cash flow statement at end of period 76.80





Details of Impact of Audit Qualification

Amount in (Lakhs)

Whether results are audited or unaudited Unaudited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 Maheshwari & Co. Yes 28-02-2029


Amount in (Lakhs)

Format for Disclosure of Related Party Transactions (applicable only for half-yearly filings i.e., 2nd and 4th quarter)
Sr No. Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken.
Details of the party (listed entity/subsidiary) entering into the transaction Details of the counterparty Type of related party transaction Details of other related party transaction Value of the related party transaction as approved by the audit committee Remarks on approval by audit committee Value of the related party transaction ratified by the audit committee Date of Audit Committee Meeting where the ratification was approved Value of transaction during the reporting period In case monies are due to either party as a result of the transaction In case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investments Details of the loans, inter-corporate deposits, advances or investments Notes
Name PAN Name PAN Relationship of the counterparty with the listed entity or its subsidiary Opening balance Closing balance Nature of indebtedness (loan/ issuance of debt/ any other etc.) Details of other indebtedness Cost Tenure Nature (loan/ advance/ intercorporate deposit/ investment ) Interest Rate (%) Tenure Secured/ unsecured Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage)
1 Venus Pipes & Tubes Limited Jayantiram Choudhary Promoter and Wholetime director Remuneration 60.00 Approved 60.00 4.50 6.90
2 Venus Pipes & Tubes Limited Arun Kothari Promoter Chairman and Managing Director Remuneration 60.00 Approved 60.00 4.80 6.90
3 Venus Pipes & Tubes Limited Megharam Choudhary Promoter and Wholetime director Remuneration 60.00 Approved 60.00 4.50 6.90
4 Venus Pipes & Tubes Limited Dhruv Patel Promoter and Wholetime director Remuneration 60.00 Approved 60.00 4.50 6.90
5 Venus Pipes & Tubes Limited Kailash Nath Bhandari Independent director Any other transaction Sitting Fees 1.30 Approved 1.30 0.60 0.80
6 Venus Pipes & Tubes Limited Pranay Ashok Surana Independent director Any other transaction Sitting Fees 2.20 Approved 2.20 0.70 1.40
7 Venus Pipes & Tubes Limited Komal Lokesh Khadaria Independent director Any other transaction Sitting Fees 2.20 Approved 2.20 0.90 1.40
8 Venus Pipes & Tubes Limited Shyam Agrawal Independent director Any other transaction Sitting Fees 0.00 Approved 0.00 0.20 0.00
9 Venus Pipes & Tubes Limited Pavan Kumar Jain Company Secretary and Compliance officer Remuneration 6.60 Approved 6.60 0.70 1.00
10 Venus Pipes & Tubes Limited Kunal Bubna Chief Financial Officer Remuneration 57.00 Approved 57.00 4.60 5.80
11 Venus Pipes & Tubes Limited Akshat Kothari Employee and Relative of Promoter Remuneration 14.40 Approved 14.40 1.80 2.00
Total value of transaction during the reporting period 323.70