Prince Pipes and Fittings Limited announced robust financial results for the second quarter and first half of FY27. Revenue surged by 38% year-on-year to INR821 crore in Q2, driven by a 22% volume growth. EBITDA saw an 82% increase to INR100 crore, with margins expanding by 300 basis points to 12%. For H1 FY27, revenue grew 22% to INR1,430 crore, and EBITDA increased by 86% to INR177 crore.
Prince Pipes Announces Strong Q2 and H1 FY27 Financials
Prince Pipes and Fittings Limited has reported significant financial growth for the second quarter (Q2) and the first half (H1) of the fiscal year 2027, with revenues and profitability showing substantial year-on-year increases.
Q2 FY27 Performance Highlights
In the second quarter of FY27, the company posted revenue from operations of INR821 crore, marking a strong growth of 38% compared to the same period last year. Volume for the quarter stood at 52,080 metric tons, representing a 22% increase year-on-year. Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) reached INR100 crore, an 82% growth. EBITDA margins improved by 300 basis points to 12%. Profit After Tax (PAT) for the quarter was INR48 crore, a significant 220% growth, with PAT margins at 6%, up by 400 basis points.
H1 FY27 Performance Highlights
For the first half of FY27, revenue from operations amounted to INR1,430 crore, a 22% increase year-on-year. Volume for H1 FY27 was 92,809 metric tons, showing a 7% growth. EBITDA for the first half stood at INR177 crore, up by 86% year-on-year, with margins at 12% for H1 FY27, a 400 basis point growth. PAT for the half-year was INR82 crore, with margins at 6%, reflecting a 400 basis point growth.
Operational and Strategic Updates
The company’s total installed capacity as of H1 FY27 is 4,35,000 metric tons. Working capital days have been reduced to 55 days in H1 FY27, with receivable days dipping significantly to 34 days, while inventory remains stable at 74 days as of September 30, 2026. Prince Pipes is focusing on improving working capital efficiency through better sales quality and tighter credit control, aiming for accelerated cash realization and improved DSO.
The company’s growth strategy includes expanding its presence in value-added product categories like CPVC and PPR, which now constitute over 30% of revenue. New product development, including the DECILO low-noise piping system, is also a focus. Prince Pipes is also investing in brand building initiatives, including sponsoring ‘Kon Honar Crorepati’, to strengthen its market position and consumer connect.
The management expressed confidence in sustained growth, driven by strong fundamentals, a diversified product portfolio, and a focus on retailer and plumber-centric approaches. They anticipate continued volume growth in the double digits for the full year and are working towards achieving breakeven for the bathware vertical by Q4 FY27.
Source: BSE
