Venus Pipes & Tubes Limited — Q2FY27 earnings call summary

Filed 13 November 2026 · Official transcript

Volume growth guidance FY27: ~15%, with H1 at 8% and stronger H2 expected
Capacity utilization: seamless >80%, welded >60%, expected to rise in H2
Freight cost impact on margins; expected to ease and margins to improve in H2
Capex guidance FY27: 130-140 Cr including spooling, fittings, and solar power plant
EBITDA per kg at 62 INR, down from 64 INR due to freight; expected to improve
Fittings business expected to reach 180-200 Cr revenue with 18-20% EBITDA margin
Spooling business order of ~29 Cr received; full LOI of 185 Cr expected to convert by Q2FY28
Order book at 670 Cr (pipes 640 Cr + data center 30 Cr), execution over 4-5 months