Q3FY24 Quarterly & 9MFY24 Result Announced for Prakash Pipes Ltd.
Plastic products company Prakash Pipes announced Q3FY24 & 9MFY24 results: Financial Highlights: For Q3FY24, company achieved net sales of Rs 158 crore. In 9MFY24, saw net sales reaching Rs 505 crore. The company's operating profit for Q3 increased to Rs 30 crore, a growth of 43% compared to the Rs 21 crore reported in the same quarter of the previous year. In 9MFY24, the operating profit rose to Rs 77 crore from Rs 64 crore, marking a 20% increase. This quarter's PAT surged by 72% to Rs 23 crore, up from Rs 13 crore in the corresponding Q3FY23. 9MFY24 saw PAT grow by 25%, reaching Rs 64 crore, compared to Rs 51 crore in the same period of the previous financial year. PVC Pipes & Fittings Division: Over the 9MFY24, the division recorded a 10% growth in sales volume with 31,861 MT. This growth is attributed to strong demand in the sector. Flexible Packaging Division: In the 9MFY24, this division achieved sales of 9,134 MT. The focus has been on optimizing capacities and developing newer applications. Expanding both domestic and international customer bases was also highlighted. Result PDF13-02-2024