Prince Pipes and Fittings Ltd Q3 FY25 Results
PRINCEPIPEQ3 FY25 ResultsAnnounced 11 Feb 2025, 02:44 pm| Metric | Value (₹ Cr) | vs Q2 FY25 |
|---|---|---|
| Revenue | 577.72 | 7.1% |
| Total Income | 579.25 | 7.5% |
| Expenditure | 604.43 | 0.2% |
| PBT | -25.18 | 223.3% |
| Net Profit | -20.42 | 238.9% |
| OPM | -9.76% | 7.72pp |
| NPM | -3.53% | 5.88pp |
| EPS | -1.85 | 239.1% |
Prince Pipes and Fittings Limited Reports 9M FY25 Revenue at Rs.1,804 Crores and EBITDA at Rs. 107 Crores
11 Feb 2025 · 11 Feb 2025, 08:26 pm
Summary
Prince Pipes and Fittings Limited, a leading piping solutions provider, announced its unaudited financial results for the quarter and nine months ended 31 December 2024. The company's revenue was adversely impacted by a weak demand environment and low PVC prices. Profitability was dented by decline in volumes and carrying cost of inventory. The company is expanding its bathware segment's footprint and implementing multi-channel marketing strategies.
Key Highlights
- 1
9M FY25 Revenue at Rs.1,804 Crores
- 2
EBITDA at Rs. 107 Crores for 9M FY25
- 3
Revenue adversely impacted by weak demand environment and low PVC prices
- 4
Profitability dented by decline in volumes and carrying cost of inventory
- 5
Continuous expansion of bathware segment's footprint and strong engagements across exhibitions and retailer meets
- 6
Integrated manufacturing facility at Begusarai, Bihar to be commissioned in Q4FY25
Management Comments
Mr. Parag Chheda
Joint Managing Director, Prince Pipes and Fittings Limited
Our performance in Q3 was impacted by weak demand environment adversely which impacted Company and industry volumes. Low PVC prices in the open market led to low channel inventory by dealers. We expect medium term demand to remain healthy... Looking ahead, we are optimistic about the future and confident that our strategic initiatives will drive growth and further strengthen our market position.
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