Venus Pipes initiates mass production of seamless pipes and tubes with a capacity of 4,200 MTPA, marking an important step forward for the company's growth. Additionally, they are now producing mother hollow pipes with fittings, increasing their output to 6,000 MTPA.

Venus Pipes saw a 3.8% increase in share price to Rs 1468, following the launch of a new seamless pipe production capacity of 4,200 MTPA. This expansion is expected to strengthen operations and cater to high-growth sectors, potentially enhancing their product offerings for long-term growth.

Venus Pipes & Tubes has commenced commercial production of seamless pipes with a capacity of 4,200 MTPA, marking an important milestone in their operations. In addition, they have started manufacturing mother hollow pipes and fittings, increasing their product range to 6,000 MTPA. This expansion demonstrates Venus Pipes' commitment to growth in the industry.

Venus Pipes reported a 7.2% increase in Q4 net profit to ₹25.4 crore and a 17% rise in revenue to ₹302 crore. The company's EBITDA grew by 18.8%, with an improved margin of 16.3%. Year-on-year, this represents a small increase from the previous 16% margin.

Venus Pipes saw a 19% increase in Q4 EBITDA, reaching ₹494 million, with profit margins also improving slightly to 16.35%. This positive trend indicates stronger financial performance for the company in the final quarter of 2021.

Venus Pipes & Tubes and Veranda Learning have been placed under additional scrutiny by the National Stock Exchange (NSE) due to undisclosed reasons. Investors are advised to closely monitor their holdings.