VENUSPIPES: Record Q2 revenue and a strong order book set up H2 growth, despite freight-pressured margins

Q2 revenue hit a record INR 361.1 crore, while reported EBITDA margin fell to 14.3% amid freight and fuel costs. Debt repayment, higher H2 utilization and new spooling and fittings revenue are expected to support growth and profitability.

Based on Venus Pipes & Tubes Ltd. [VENUSPIPES] Q2 26/27 Audio Transcript — Nov. 5 2026