Prince Pipes Q2 FY27 Results: Profit Up 52% to ₹478 Crore; Appoints Rajat Mishra
Prince Pipes reported a Q2 FY27 profit of ₹477.64 million, a 52% increase year-on-year. Revenue rose to ₹8,208.14 million. The company appointed Rajat Mishra as Chief Business Officer and announced the retirement of Ashok Mehra, effective November 16, 2026. The ESOP Scheme, 2017, was terminated.
The substantial increase in profits and revenue, coupled with changes in senior management, are material events that can significantly impact the company's stock performance and future outlook.
The company reported a significant increase in profit and revenue for the quarter and half-year ended September 30, 2026. The appointment of a new Chief Business Officer and the termination of the ESOP scheme are also noted.
Prince Pipes And Fittings Limited announced its unaudited financial results for the quarter and half-year ended September 30, 2026, following a Board of Directors meeting held on November 03, 2026. The company reported a profit after tax of ₹477.64 million for the quarter, a significant increase from ₹146.33 million in the same period last year. For the half-year ended September 30, 2026, the profit after tax stood at ₹815.12 million, compared to ₹194.53 million in the prior year. Revenue from operations for the quarter was ₹8,208.14 million, up from ₹5,945.74 million in the corresponding quarter of the previous year. The company also announced changes in its senior management. Mr. Rajat Mishra has been appointed as Chief Business Officer and Senior Management Personnel, effective November 03, 2026. Mr. Mishra brings over two decades of commercial leadership experience across various sectors. Concurrently, Mr. Ashok Mehra, President – Chief Marketing Officer, will retire from the company's services at the close of business hours on November 16, 2026. The Board expressed its appreciation for Mr. Mehra's valuable contributions. Additionally, the Board approved the termination of the Employee Stock Option Scheme, 2017, with immediate effect. The Board meeting commenced at 11:30 AM and concluded at 1:05 PM.
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Prince Pipes And Fittings Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. 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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