Prince Pipes and Fittings Limited announced its financial results for the quarter ended December 31, 2025 (Q3 FY26). Despite a challenging macroeconomic environment, the company achieved a notable 3% YoY growth in finished goods volume to 42,575 MT. Revenues stood at ₹573 Cr, while the Profit After Tax (after exceptional item) was a loss of (₹2) crores due to a provision for employee benefits.
Prince Pipes Announces Q3 FY26 Performance
Prince Pipes and Fittings Ltd., a leading integrated piping solutions provider, declared its financial results for the quarter ending December 31, 2025, showing resilience despite market headwinds. The company registered a volume growth of 3% YoY for the quarter, with finished goods volume reaching 42,575 MT.
Q3 FY26 Financial Snapshot
The snapshot of the third quarter performance compared to the previous year (YoY) and the preceding quarter (QoQ) highlights key figures:
- Revenues for Q3 FY26 stood at ₹573 crores, a marginal 1% decrease YoY from ₹578 crores.
- EBITDA saw significant improvement, jumping 460% YoY to reach ₹28 crores, up from ₹5 crores in Q3 FY25. EBITDA Margin improved to 5%.
- Profit After Tax (after exceptional item) resulted in a loss of (₹2) crores, compared to a loss of (₹20) crores in Q3 FY25. This includes an exceptional item of ₹2.05 cr net of tax related to the New Labour Code provision.
Nine Months Ended FY26 Performance Highlights
Over the first nine months of FY26 (9MFY26), the company reported consistent growth across key metrics:
- Finished Goods Volume grew by 2% YoY to 1,29,071 MT.
- Revenues were ₹1,748 crores, marking a 3% decrease YoY.
- EBITDA increased by 12% YoY to ₹122 crores, with margins standing at 6%.
- Profit After Tax (after exceptional item) stood at a profit of ₹17 crores, reflecting an 11% decline YoY from ₹19 crores.
Operational and Strategic Highlights
During the quarter, Prince Pipes focused on product portfolio strengthening and brand reinforcement.
- The company successfully launched the SmartFit Plus CPVC range and introduced CPVC solvent cement with a 4-year shelf life.
- Two new water tank variants, Storefit HYDRA and Storefit COOL, were introduced in the water tank segment.
- A new brand campaign, ‘INDIA KI PRAGATI KA TAJ’, was rolled out, honoring stakeholders like plumbers and contractors.
- The Aquel Cash Back Reward Program was initiated in the bathware segment to boost engagement with plumbers.
Management Commentary
Mr. Parag Chheda, Joint Managing Director, stated that despite a challenging environment, the 3% YoY volume growth was achieved through a disciplined approach focused on operational resilience and cost rationalization. He emphasized sustained investments in capacity and innovation positioning the company for long-term growth.
Source: BSE
