VENUSPIPES2024-01-012024-03-31 VENUSPIPES2024-01-012024-03-31 VENUSPIPES2024-01-012024-03-31in-bse-fin:OneOperatingExpenses01Member VENUSPIPES2024-01-012024-03-31in-bse-fin:FourOperatingExpenses01Member VENUSPIPES2024-03-31 iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 543528 VENUSPIPES NOTLISTED Venus Pipes & Tubes Limited Equity 2023-04-01 2024-03-31 2024-05-09 2024-05-02 INR Millions Yearly 11:30:00 13:00:00 2024-05-09 2024-05-09 true Cash Flow Indirect Declaration of unmodified opinion Single segment Manufacturing 2024-01-01 2024-03-31 Audited Standalone 2241040000.00 1420000.00 2242460000.00 1795800000.00 0.00 -263750000.00 66060000.00 75280000.00 38250000.00 192730000.00 1904370000.00 338090000.00 0.00 338090000.00 73000000.00 14700000.00 87700000.00 0.00 250390000.00 0.00 0.00 0.00 0.00 250390000.00 -600000.00 249790000.00 0.00 0.00 202960000.00 10 12.34 12.34 0.00 0.00 12.34 12.34 Notes to Statement of Audited Financial Results for the quarter and year ended March 31, 2024 1. In terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, this Statement of Audited Financial Results for the quarter and year ended March 31, 2024 (“Audited Financial Results ) of the Company has been reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on May 09, 2024 and have been subjected to an Audit by the Statutory Auditors of the Company. The Statutory Auditors have expressed an unmodified audit opinion on these results. 2. The figure for the quarter ended March 31, 2024 and March 31, 2023 are balancing figures between the figures for the audited financial year and year to date un-audited figures up to the third quarter of the respective financial year. The figures up to the third quarter of the current financial year has been reviewed by the auditors. 3. 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. 4. The new Code on Social Security, 2020 has been enacted, which would impact the contributions by the Company towards Provident Fund and Gratuity, the effective date from which the changes are applicable is yet to be notified and the rules are yet to be framed, The Company will complete its evaluation and will give appropriate impact in its financial results in the period in which, the Code becomes effective and the related rules are published. 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 Board of directors of the company at their meeting held on May 09, 2024 has recommended the final dividend of Rs 0.5 per equity share, i.e., 5% on face value of Rs 10/- per equity share respectively for FY 2023-24 subject to approval of shareholders in the ensuing Annual General Meeting. With this, the total dividend declared for FY 2023-24 stands at Rs 1 per equity share of Rs 10/- each. 8. The above Audited 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 May 09, 2024 Single segment 2023-04-01 2024-03-31 Audited Standalone 8021980000.00 31780000.00 8053760000.00 6321900000.00 0.00 -568970000.00 223700000.00 220820000.00 117690000.00 582190000.00 6897330000.00 1156430000.00 0.00 1156430000.00 236550000.00 60090000.00 296640000.00 0.00 859790000.00 0.00 0.00 0.00 0.00 859790000.00 -580000.00 859210000.00 0.00 0.00 202960000.00 10 3857980000.00 42.36 42.36 0.00 0.00 42.36 42.36 OTHER EXPENSES 192730000.00 OTHER EXPENSES 582190000.00 2809860000.00 121220000.00 0.00 0.00 8380000.00 0.00 0.00 0.00 0.00 0.00 0.00 26290000.00 26290000.00 0.00 56380000.00 3022130000.00 2259350000.00 31160000.00 1771360000.00 10450000.00 65970000.00 0.00 22400000.00 1901340000.00 0.00 393030000.00 4553720000.00 7575850000.00 202960000.00 3857980000.00 4060940000.00 4060940000.00 339550000.00 339550000.00 10660000.00 74540000.00 424750000.00 1153650000.00 1738280000.00 54140000.00 2946070000.00 45830000.00 620000.00 97640000.00 0.00 3090160000.00 3514910000.00 7575850000.00 187290000.00 -589910000.00 -1067620000.00 0.00 -48060000.00 0.00 -7680000.00 -4110000.00 0.00 997190000.00 0.00 -14440000.00 4070000.00 117690000.00 0.00 1140000.00 0.00 0.00 0.00 0.00 0.00 6380000.00 0.00 -2240000.00 0.00 0.00 0.00 0.00 0.00 -433060000.00 723370000.00 0.00 0.00 0.00 201050000.00 0.00 522320000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1074450000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 3300000.00 0.00 73850000.00 0.00 -997300000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 588590000.00 0.00 0.00 0.00 20280000.00 190530000.00 0.00 0.00 377780000.00 -97200000.00 0.00 -97200000.00 107650000.00 10450000.00 -810000.00 -780000.00 -210000.00 -200000.00 0.00 0.00