Prince Pipes Q3 FY26 Revenue Declines 1% to ₹573 Cr, EBITDA Surges 460%
Prince Pipes reported Q3 FY26 results with revenue at ₹573 crore, down 1% YoY. EBITDA surged 460% to ₹28 crore, while PAT was a loss of ₹2 crore. Volumes grew 3% to 42,575 MT. For 9MFY26, revenue was ₹1,748 crore, and EBITDA increased 12% to ₹122 crore.
The revenue decline and continued losses, despite some operational improvements like EBITDA growth and volume increase, suggest a moderate impact on investor sentiment. The company's new product launches and brand initiatives provide some positive outlook.
While EBITDA and volumes showed positive movement, the decline in revenue and continued PAT loss in Q3 FY26 prevent a positive sentiment. The company is navigating a challenging environment.
Prince Pipes and Fittings Ltd. announced its financial results for the quarter and nine months ended December 31, 2025. The company reported a 1% year-on-year decline in revenues for Q3 FY26, reaching ₹573 crore, compared to ₹578 crore in Q3 FY25. However, finished goods volume grew by 3% to 42,575 MT in Q3 FY26 from 41,267 MT in the prior year period. EBITDA saw a significant surge of 460% to ₹28 crore in Q3 FY26, up from ₹5 crore in Q3 FY25. Profit after tax (PAT) for the quarter was a loss of ₹2 crore, compared to a loss of ₹20 crore in the same period last year. The company also launched new products, including SmartFit Plus CPVC and CPVC solvent cement, along with new variants in the water tank segment. A new brand campaign, 'INDIA KI PRAGATI KA TAJ', was unveiled to celebrate the contributions of plumbers, contractors, engineers, and distributors. The company also enhanced its engagement program in the bathware segment with a cashback rewards program for plumbers.
For the nine months ended December 31, 2025 (9MFY26), revenues stood at ₹1,748 crore, a 3% decrease from ₹1,804 crore in 9MFY25. EBITDA for 9MFY26 increased by 12% to ₹122 crore from ₹109 crore in 9MFY25. The profit after tax for 9MFY26 was ₹17 crore, compared to ₹19 crore in 9MFY25. The exceptional item for Q3 FY26 represents ₹2.05 crore net of tax towards an estimated increase in provision for employee benefits arising from the implementation of the New Labour Code.
Mr. Parag Chheda, Joint Managing Director, highlighted the challenging operating environment but emphasized the company's volume growth and focus on operational resilience and cost rationalization. He also mentioned the strengthening of the product portfolio and brand connect through new campaigns and engagement programs. The company is investing in capacity, innovation, and operational efficiency for long-term growth.
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