Q4FY22 Quarterly Result Announced for Prince Pipes & Fittings Ltd.
Prince Pipes & Fittings announced Q4FY22 results: Q4FY22: Robust volume growth on a strong base driven by strong performance of plumbing + SWR portfolio Expansion of distribution network combined with new product launches have driven market share gains EBITDA at Rs 140 crore as compared to Rs 147 crore, declined by 4%, margins at 15.6% PAT at Rs 88 crore as compared to Rs 97 crore, declined by 9.2% Long term debt free during the quarter FY22: EBITDA at Rs 415 crore as compared to Rs 362 crore, grew by 15%, margins at 15.6% PAT at Rs 249 crore as compared to Rs 222 crore, grew by 12% Company remains long term debt free during the year The Board of Directors of the Company at its meeting held on 19th May 2022 has recommended final dividend of Rs 2 per equity share of Rs 10 each for the year ended 31st March 2022. Commenting on the performance, Mr. Parag Chheda, Joint Managing Director, Prince Pipes and Fittings Limited, said, “This fiscal our operating strategy has been centered on generating disciplined, sustainable growth each quarter. Aligned to this, our results this quarter continued to be driven by leveraging the depth of our vast product portfolio leading to value expansion and strong volume growth in the plumbing and SWR categories. Particular focus on brand premiumization, service quality, and network expansion have been adding to the traction of Prince Flowguard Plus. The results of all strategic efforts undertaken since the onset of the pandemic in 2020, are now visible with greater market share gains. With the government’s focus on infrastructure development and water transportation issues and further opening of economic activities, the pipes and fittings industry is on a robust growth trajectory. Our focus is on unlocking greater value in the business, and we will continue to leverage all our competitive strengths as we build a world-class organization.” Result PDF19-05-2022