Prince Pipes and Fittings Ltd

Revenue from operations jumped 24.57% to Rs 719.65 crore in Q4 FY25, compared with Rs 577.72 crore in Q3 FY25. On year on year (YoY) basis, the company's standalone revenue and net profit declined 2.8% and 55.8% in Q4 FY25. The company reported pre-tax profit of Rs 29.94 crore in Q4 FY25, compared with pre-tax loss of Rs 25.19 crore in Q3 FY25. EBITDA stood at Rs 55 crore in Q4 FY25, registering the growth of 1,748%, compared with Rs 3 crore posted in Q3 FY25. EBITDA margin improved to 7.6% in Q4 FY25 as against 0.5% in Q3 FY25. Finished goods volume jumped 22% to 50,454 MT in Q4 FY25 as against 41,267 MT in Q3 FY25. On full year basis, the company's standalone net profit declined 76.4% to Rs 43.14 crore on 1.7% fall in revenue from operations to Rs 2,523.92 crore in FY25 over FY24. Parag Chheda, joint managing director of Prince Pipes and Fittings, said, 'The PVC pipes industry faced a challenging macroeconomic environment during the year, with muted demand in key end-user segments. Persistent headwinds, including rising input costs, project delays, subdued government spending, and volatility in PVC resin prices, impacted margins across the sector. Despite these challenges, we remained focused on strengthening our operational capabilities and executing long-term strategic priorities. A key highlight was the successful commissioning of Phase 1 operations at our new facility in Bihar, adding 24,000 MTPA to our capacity and taking our total installed capacity to 397,559 MT. The remaining capacity is on track for commissioning in the next 6 months. We achieved notable growth in our Bathware segment by expanding our retail presence through the launch of new display centers in north and central regions of India. Notably, our CPVC range received GreenPro Certification from CII, reinforcing our commitment to sustainability. With innovations such as our new Bio Fit septic tanks and continued investments in capacity and infrastructure, we are well-positioned for long term growth. We remain cautiously optimistic about demand recovery, supported by improving trends in infrastructure and construction.' Meanwhile the company's board recommended a final dividend of Rs 0.50 per equity share with a face value of Rs 10 each for FY25, subject to approval of members in the ensuing annual general meeting (AGM) of the company. The dividend shall be paid to the shareholders within 30 days of its declaration by the shareholders at the ensuing AGM. Prince Pipes and Fittings is one of India's largest integrated piping solutions providers and multi polymer manufacturers, based in Mumbai, Maharashtra. It has been engaged in the manufacturing of polymer piping solutions in four types of polymers - CPVC, UPVC, HDPE, and PPR.Powered by Capital Market - Live

Fortis Healthcare Ltd, Va Tech Wabag Ltd, Tata Teleservices (Maharashtra) Ltd and Shipping Corporation of India Ltd are among the other gainers in the BSE's 'A' group today, 22 May 2025.Prince Pipes & Fittings Ltd surged 10.65% to Rs 327.2 at 11:46 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 1.55 lakh shares were traded on the counter so far as against the average daily volumes of 27200 shares in the past one month. Fortis Healthcare Ltd spiked 9.31% to Rs 735. The stock was the second biggest gainer in 'A' group. On the BSE, 2.47 lakh shares were traded on the counter so far as against the average daily volumes of 48160 shares in the past one month. Va Tech Wabag Ltd soared 9.26% to Rs 1540.1. The stock was the third biggest gainer in 'A' group. On the BSE, 1.9 lakh shares were traded on the counter so far as against the average daily volumes of 22327 shares in the past one month. Tata Teleservices (Maharashtra) Ltd rose 9.04% to Rs 75.29. The stock was the fourth biggest gainer in 'A' group. On the BSE, 116.65 lakh shares were traded on the counter so far as against the average daily volumes of 8.25 lakh shares in the past one month. Shipping Corporation of India Ltd gained 7.76% to Rs 195.9. The stock was the fifth biggest gainer in 'A' group. On the BSE, 15.06 lakh shares were traded on the counter so far as against the average daily volumes of 3.81 lakh shares in the past one month. Powered by Capital Market - Live

Prince Pipes & Fittings announced that the Board of Directors of the Company at its meeting held on 21 May 2025, inter alia, have recommended the final dividend of Rs 0.5 per equity Share (i.e. 5%) , subject to the approval of the shareholders.Powered by Capital Market - Live

Net profit of Prince Pipes & Fittings declined 55.75% to Rs 24.18 crore in the quarter ended March 2025 as against Rs 54.65 crore during the previous quarter ended March 2024. Sales declined 2.77% to Rs 719.65 crore in the quarter ended March 2025 as against Rs 740.13 crore during the previous quarter ended March 2024. For the full year,net profit declined 76.36% to Rs 43.14 crore in the year ended March 2025 as against Rs 182.50 crore during the previous year ended March 2024. Sales declined 1.75% to Rs 2523.92 crore in the year ended March 2025 as against Rs 2568.75 crore during the previous year ended March 2024. ParticularsQuarter EndedYear EndedMar. 2025Mar. 2024% Var.Mar. 2025Mar. 2024% Var. Sales719.65740.13 -3 2523.922568.75 -2 OPM %7.6212.47 -6.4111.97 - PBDT57.2296.24 -41 165.87317.02 -48 PBT29.9472.33 -59 58.85225.85 -74 NP24.1854.65 -56 43.14182.50 -76 Powered by Capital Market - Live

Prince Pipes & Fittings will hold a meeting of the Board of Directors of the Company on 21 May 2025.Powered by Capital Market - Live

Prince Pipes & Fittings (PPFL) today announced the launch of its eighth manufacturing facility in Begusarai, Bihar. Through this launch, PPFL expands its pan-India manufacturing presence, makes greater in-roads into the high growth east market and strengthens its position as a leading manufacturer of high quality plastic pipes and fittings. The state-of-the-art manufacturing unit is expected to have a total installed capacity of approximately 60,000 metric tons per annum to come up in phases over the next 6 to 9 months. The first phase has a production capacity of approx. 24,000 metric tons per annum, producing PVC and CPVC pipes and fittings. The facility will cater to eastern markets, as PPFL aggressively continues to expand its pan-India marketing, distribution, and manufacturing presence. The Company's other plants are located in Sangareddy (commissioned in 2021), Jaipur, Kolhapur, Chennai, Haridwar, Dadra and Athal.Powered by Capital Market - Live

The company's profitability was dented by decline in volumes and carrying cost of inventory. Revenue from operations fell 6.61% to Rs 577.72 crore during the quarter. The revenue was adversely impacted by weak demand environment adversely impacting company and industry volumes. The company reported pre-tax loss of Rs 4.76 crore as against pre-tax profit of Rs 37.63 crore in Q3 FY24. EBITDA plunged 96% to Rs 3 crore in Q3 FY25 from Rs 76 crore in Q3 FY24. Finished goods volumes stood at 14,267 million tonnes (MT), registering de-growth of 3% from 42,665 million tonnes. Parag Chheda, joint managing director, Prince Pipes and Fittings, said, '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. We are implementing a wide range of multi-channel marketing strategies, brand reinforcement, and customer loyalty initiatives on pan-India basis to enhance customer engagement and actively support the company's sales and marketing efforts. Aquel by Prince, our Bathware vertical continues to expand presence across markets and ramping up well across North and West India. Several manufacturing and capex-led growth-oriented efforts including Bihar plant, which will be commissioned in Q4 are underway. Looking ahead, we are optimistic about the future and confident that our strategic initiatives will drive growth and further strengthen our market position.' Prince Pipes and Fittings is one of India's largest integrated piping solutions providers and multi polymer manufacturers, based in Mumbai, Maharashtra. It has been engaged in the manufacturing of polymer piping solutions in four types of polymers - CPVC, UPVC, HDPE, and PPR.Powered by Capital Market - Live

Net loss of Prince Pipes & Fittings reported to Rs 20.42 crore in the quarter ended December 2024 as against net profit of Rs 37.63 crore during the previous quarter ended December 2023. Sales declined 6.61% to Rs 577.72 crore in the quarter ended December 2024 as against Rs 618.62 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales577.72618.62 -7 OPM %0.5212.23 - PBDT1.2575.96 -98 PBT-25.1853.05 PL NP-20.4237.63 PL Powered by Capital Market - Live

Prince Pipes & Fittings will hold a meeting of the Board of Directors of the Company on 11 February 2025.Powered by Capital Market - Live

Net profit of Prince Pipes & Fittings declined 79.17% to Rs 14.71 crore in the quarter ended September 2024 as against Rs 70.63 crore during the previous quarter ended September 2023. Sales declined 5.24% to Rs 622.07 crore in the quarter ended September 2024 as against Rs 656.45 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales622.07656.45 -5 OPM %7.3414.35 - PBDT47.9997.43 -51 PBT20.4374.90 -73 NP14.7170.63 -79 Powered by Capital Market - Live