Prince Pipes and Fittings Ltd. announced its financial results for the quarter and nine months ended December 31, 2025. Despite a challenging macroeconomic environment, the company achieved a 3% YoY volume growth in Q3 FY26, with finished goods volume reaching 42,575 MT. Revenues for the quarter stood at ₹573 Cr. The company emphasized its disciplined approach, cost rationalization, and strategic product launches, including the SmartFit Plus CPVC line and the Aquel cashback program.
Prince Pipes Declares Q3 and 9M FY26 Financial Performance
Prince Pipes and Fittings Ltd., a leading integrated piping solutions provider, announced its financial results for the quarter ending December 31, 2025. The company highlighted a volume growth of 3% YoY for Q3 FY26, even as it navigated a difficult operating environment characterized by subdued demand across key sectors like agriculture and infrastructure.
Q3 FY26 Key Financial Snapshot
The performance snapshot for the third quarter of Fiscal Year 2026 (Q3 FY26) showed the following key metrics:
- Finished Goods Volume: 42,575 MT (3% YoY growth).
- Revenue from Operations: ₹573 crores.
- EBITDA: ₹28 crores.
- Profit After Tax (after exceptional item): (₹2) crores.
The negative Profit After Tax in Q3 FY26 was attributed to an exceptional item representing ₹2.05 cr net of tax towards an increased provision for employee benefits following the implementation of the New Labour Code.
Nine Months (9M) FY26 Performance
For the cumulative nine months of FY26, the company reported increased volume and EBITDA:
- Finished Goods Volume: 1,29,071 MT (2% YoY growth).
- Revenue from Operations: ₹1,748 crores (down 3% YoY).
- EBITDA: ₹122 crores (up 12% YoY).
- Profit After Tax (after exceptional item): ₹17 crores (down 11% YoY).
Operational Highlights and Strategic Moves
During the quarter, Prince Pipes focused on strengthening its product offerings and brand connect. Key operational highlights included:
- Successful launch of SmartFit Plus CPVC and new CPVC solvent cement with a 4-year shelf life.
- Introduction of two new water tank variants: Storefit HYDRA and Storefit COOL.
- Rollout of the new brand campaign, “INDIA KI PRAGATI KA TAJ”, celebrating infrastructure contributors.
- Enhancement of the plumber engagement program for the bathware segment Aquel, introducing a Cash Back Reward Program for direct cash incentives on select products.
Management Commentary
Mr. Parag Chheda, Joint Managing Director, stated that despite headwinds, the company achieved 3% YoY volume growth. He emphasized a disciplined focus on operational resilience, cost rationalization, and targeted market initiatives. The company is leveraging its ~40 years of journey and sustained investments in capacity and innovation to drive long-term growth.
Forward-Looking Disclaimer
Certain statements within this communication are forward-looking and involve risks and uncertainties. Prince Pipes and Fittings Ltd. (PRINCEPIPE) is not responsible for actions based on these statements and undertakes no obligation to publicly update them to reflect subsequent events or circumstances.
Source: BSE
