Conference Call with Prince Pipes & Fittings Management and Analysts on Q4FY26 & Full Year Performance and Outlook. Listen to the full earnings transcript.

• Trendlyne
• 1 month 2 weeks ago

Plastic Products company Prince Pipes & Fittings announced Q4FY26 & FY26 results Financial Highlights: Revenue from Operations: For Q4FY26, the company reported revenue from operations of Rs 8,500.73 million, representing a QoQ growth of 48.28% from Rs 5,732.70 million in Q3FY26 and a YoY growth of 18.12% from Rs 7,196.54 million in Q4FY25. For the full year FY26, revenue stood at Rs 25,983.32 million compared to Rs 25,239.16 million in FY25. Total Income: Total income for Q4FY26 was Rs 8,546.57 million, up 48.58% QoQ from Rs 5,752.13 million in Q3FY26 and up 17.88% YoY from Rs 7,250.32 million in Q4FY25. For the full financial year FY26, total income reached Rs 26,092.17 million. Profit After Tax: The company recorded a profit after tax of Rs 561.05 million in Q4FY26, recovering from a loss of Rs 23.77 million in Q3FY26. On a YoY basis, profit grew by 132.05% compared to Rs 241.78 million in Q4FY25. For FY26, profit after tax stood at Rs 731.82 million, a growth of 69.66% over Rs 431.35 million in FY25. Total Comprehensive Income: For the quarter ended March 31, 2026, total comprehensive income was Rs 559.15 million, compared to a loss of Rs 18.79 million in Q3FY26 and a YoY increase of 129.82% from Rs 243.30 million in Q4FY25. The full year FY26 total comprehensive income was Rs 735.93 million. Earnings Per Share (EPS): Basic EPS (including exceptional items) for Q4FY26 was Rs 5.07, as against Rs (0.21) in Q3FY26 and Rs 2.19 in Q4FY25. For the full year FY26, basic EPS stood at Rs 6.62 compared to Rs 3.90 in FY25. Business Highlights: Dividend: The Board of Directors has recommended a final dividend of Re 1 per share (10%) on equity shares of face value of Rs 10 each for the financial year FY26, subject to shareholder approval. Exceptional Item: The company recognized an exceptional item of Rs 20.48 million (net of tax) for the year ended March 31, 2026, due to an estimated increase in provision for employee benefits resulting from "The New Labour Code" consolidation. Segment Performance: The company operates in a single primary segment engaged in manufacturing and selling of Pipes, Fittings, and allied products in India, which includes Bathware sanitary and Faucet products. Finance Costs: Finance costs for the year ended March 31, 2026, are net of interest subvention for the Bihar plant amounting to Rs 64.44 million. Sales Writeback: Sales for FY26 include a writeback of Rs 51.50 million towards excess scheme provisions from earlier periods. Key Appointments: Ms. Jyoti Sancheti was appointed as the Company Secretary and Compliance Officer (Key Managerial Personnel) w.e.f. May 19, 2026. Smt. Ketki D. Visariya was appointed as the Cost Auditor for the financial year 2026-27. Auditor Re-appointment: M/s. N. A. Shah Associates LLP were re-appointed as Statutory Auditors for a second term of five consecutive years. Commenting on the Results Parag Chheda, Joint Managing Director of Prince Pipes and Fittings. said, - “FY26 was a challenging year for the industry, marked by volatility in raw material prices, prolonged unseasonal rainfall, subdued demand across key end-user segments, and sharp fluctuations in PVC resin prices that impacted channel dynamics. Despite these external pressures, we delivered our highest-ever quarterly volume performance, achieving growth of 23% YoY. This milestone underscores the resilience of our business model, the strength of our market presence, and our disciplined execution focused on operational efficiency, cost optimization, and targeted growth initiatives. During the quarter, we continued to strengthen our growth platform through innovation and strategic expansion. We enhanced our product portfolio with the launch of DECILO, our low-noise polypropylene pipe system, while our bathware business expanded its footprint with the opening of a new experience center in Vadodara. We also completed the second phase of the asset purchase agreement with Klaus Waren Fixtures Ltd., successfully acquiring the Bathware manufacturing facility at Bhuj, further strengthening our manufacturing capabilities. As we move forward, we remain committed to investing in capacity, innovation, and operational excellence. With a stronger product portfolio, expanded reach, and enhanced manufacturing infrastructure, we are wellpositioned to drive sustainable long-term growth and continue delivering consistent value to all our stakeholders.” Result PDF

• Trendlyne
• 1 month 2 weeks ago

While the near-term demand environment remains muted due to volatile PVC prices and weak trade sentiment, Prince Pipes remains confident of delivering high single-digit volume growth in FY26.

• Business Standard
• 9 months 2 weeks ago