Prince Pipes Q3 Results Review - Subdued Quarter On Key Parameters: IDBI Capital
Near term challenges persist, Hold with a target price of Rs 789.09-02-2024
09-02-2024
Prince Pipes and Fittings Ltd - 542907 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Newspaper Advertisement & Corrigendum to the Publication of Unaudited Financial Results of the Company for the quarter and Nine Months ended December 31, 2023.07-02-2024
Prince Pipes Q3 Results Review - Measures Taken To Re-Gain Lost Market Share From Q1 FY25: Systematix
Bihar g/f plant likely to be operational in Q4 FY2507-02-2024
Prince Pipes and Fittings Ltd - 542907 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
Audio Recording Link of the Conference Call held for Analysts and investors pertaining to Unaudited Standalone Financial Results for the Quarter and Nine Months ended December 31, 2023.06-02-2024
Prince Pipes & Fittings Results Earnings Call for Q3FY24
Conference Call with Prince Pipes & Fittings Management and Analysts on Q3FY24 Performance and Outlook. Listen to the full earnings transcript.06-02-2024
Q3FY24 Quarterly Result Announced for Prince Pipes & Fittings Ltd.
Plastic Products company Prince Pipes & Fittings announced Q3FY24 results: Financial Highlights Revenue: Rs 619 crore in Q3FY24, a decrease of 12% from Rs 706 crore in Q3FY23. Volume: 42,665 MT in Q3FY24, down by 2% from 43,693 MT in Q3FY23. EBITDA: Rs 76 crore in Q3FY24, a 9% increase year-over-year with margins expanding by 240 basis points to 12.3%. Profit After Tax (PAT): Rs 38 crore in Q3FY24, showing a 6% year-over-year improvement. Business and Operating Highlights Introduction of Duratap range and PTMT faucets, showcasing in key Indian markets. Launch of Terrafit subsurface drainage pipes aimed at the agricultural and infrastructure sectors. New Initiatives and Capital Expenditure Capex Increase: Proposed increase in capital expenditure from ~Rs 150 crore to ~Rs 220 crore for adding a fittings line at the Bihar facility. Commenting on the results, Parag Chheda, Joint Managing Director, Prince Pipes and Fittings, said, “Our performance in Q3 was muted with a steady growth in profitability and margins. The quarter was a fair challenge in terms of volatility in driving the volume movement. However, our performance was maintained despite the high base effect of Q3 in the last fiscal which witnessed strong re-stocking in the distributor channel after the stabilization of PVC prices following a period of steep correction. We continue to aggressively focus on expanding distribution, strengthening the channel network, adding new products to build portfolio depth, strengthening our brand equity, and building a robust presence in the projects segment. Aligned with our vision to expand, we’re happy to share that our new plant at Begusarai in Bihar is underway and we conducted the ceremonial Bhoomi Pujan for our new integrated manufacturing facility and work has started in full swing. Prince Bathware continues to make steady progress across North and West India breaking through key projects. We’re excited about India’s inherent potential and Prince Pipes’ vision is well-aligned with the tremendous opportunity of transforming the country’s water infrastructure. As we progress, we will continue to build operational muscle and undertake strategic initiatives to expand our distributor base, as we create long-term value for our customers and other stakeholders.” Result PDF06-02-2024
Prince Pipes and Fittings Ltd - 542907 - Outcome Of Board Meeting Un Audited Financial Results For 31.12.2023
Outcome of Board meeting05-02-2024