Prince Pipes Q2 FY27 Earnings Call Transcript Released
Prince Pipes and Fittings Limited reported strong Q2 FY27 results with revenue at ₹821 crore (up 38% YoY) and PAT at ₹48 crore (up 220% YoY). EBITDA grew 82% to ₹100 crore with margins at 12%. The company is expanding value-added products and aims for sustained double-digit volume growth.
The strong financial performance and positive outlook on growth and market strategy are significant for investors and the company's future prospects.
The company reported strong year-on-year growth in revenue, EBITDA, and PAT, along with an improvement in margins. Management commentary indicates positive outlook on market conditions and strategic initiatives.
Prince Pipes and Fittings Limited has released the transcript of its Earnings Call for Q2 and H1 FY27, held on November 4, 2026. The call featured management discussions on market dynamics, company performance, and financial highlights. The company noted stabilization in PVC prices due to government intervention, supporting domestic market sentiment. Long-term industry fundamentals remain strong, driven by infrastructure and housing investments.
Performance in Q2 FY27 showed healthy growth, attributed to distribution expansion and digitization. The company is focusing on increasing contributions from value-added products like CPVC and PPR, and has launched the DECILO low-noise piping system made from polypropylene. A new product innovation and R&D function has been established to develop more value-added products, aiming to replace conventional metal and concrete pipes. The company also announced its sponsorship of 'Kon Honar Crorepati', the Marathi version of Kaun Banega Crorepati, to enhance brand recall.
Financially, Q2 FY27 revenue from operations grew 38% year-on-year to ₹821 crore, with volumes up 22% year-on-year to 52,080 metric tons. EBITDA increased by 82% year-on-year to ₹100 crore, with margins at 12% (a 300 basis point growth). Profit After Tax (PAT) for the quarter was ₹48 crore, a 220% year-on-year increase, with PAT margins at 6% (a 400 basis point growth). For H1 FY27, revenue stood at ₹1,430 crore (22% YoY growth), EBITDA was ₹177 crore (86% YoY growth), and PAT was ₹82 crore. Total installed capacity reached 4,35,000 metric tons. Working capital days were 55 days, with receivable days at 34 days and inventory at 74 days as of September 30, 2026. Management highlighted efforts to improve working capital efficiency through quality sales and tighter credit control.
Discussions during the Q&A session covered volume growth drivers, sustainability of demand, employee expenses, revenue mix, and potential inventory gains. Management reiterated its focus on gaining market share, maintaining double-digit volume growth, and sustaining EBITDA margins between 11% to 13%. The bathware vertical is expected to break even by Q4 FY27. The company emphasized its strategy to focus on B2C and B2B markets through distribution, rather than the infrastructure segment.
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Prince Pipes And Fittings Limited filed this with the NSE as a statutory disclosure, categorised under concall transcript released. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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