Venus Pipes and Tubes Limited Reports Earnings Results for the First Quarter Ended June 30, 2023

Venus Pipes and Tubes Limited reported earnings results for the first quarter ended June 30, 2023. For the first quarter, the company reported sales was INR 1,796.12 million compared to INR 1,136.01 million a year ago. Revenue was INR 1,801.67 million compared to INR 1,141.78 million a year ago.

Net income was INR 174.06 million compared to INR 91.1 million a year ago. Basic earnings per share from continuing operations was INR 8.58 compared to INR 4.66 a year ago. Diluted earnings per share from continuing operations was INR 8.58 compared to INR 4.66 a year ago.