Prince Pipes Q3 FY26: Volume Up 3% to 42,575 MT, Revenue at ₹573 Cr, PAT at ₹(2) Cr
Prince Pipes reported Q3 FY26 results with finished goods volume up 3% YoY to 42,575 MT. Revenue stood at ₹573 Cr, down 1% YoY. EBITDA increased significantly by 460% to ₹28 Cr. PAT was ₹(2) Cr. For 9MFY26, revenue was ₹1,748 Cr and PAT was ₹17 Cr. The company launched new products and a brand campaign.
The results show mixed performance with volume growth and EBITDA improvement but a net loss in the quarter. New product launches and brand campaigns indicate future growth potential, but the overall financial impact is moderate.
While there was a significant increase in EBITDA and volume growth, the company reported a net loss in Q3 FY26 and a marginal decrease in revenue for both the quarter and nine-month period. The positive aspects are offset by the negative financial performance.
Prince Pipes and Fittings Ltd. announced its financial results for the quarter and nine months ended December 31, 2025. In Q3 FY26, the company achieved a finished goods volume growth of 3% year-on-year, reaching 42,575 MT, compared to 41,267 MT in Q3 FY25. Revenues for the quarter stood at ₹573 crore, a marginal decrease of 1% from ₹578 crore in the same period last year. EBITDA saw a significant jump of 460% to ₹28 crore from ₹5 crore in Q3 FY25. However, the Profit After Tax (PAT) after exceptional items was ₹(2) crore, compared to ₹(20) crore in Q3 FY25. The exceptional item for Q3 FY26 was ₹2.05 crore net of tax, towards an estimated increase in provision for employee benefits due to the implementation of the New Labour Code.
For the nine months ended December 31, 2025 (9MFY26), finished goods volume grew by 2% to 1,29,071 MT from 1,26,748 MT in 9MFY25. Revenues for 9MFY26 were ₹1,748 crore, a decrease of 3% from ₹1,804 crore in 9MFY25. EBITDA for 9MFY26 increased by 12% to ₹122 crore from ₹109 crore in 9MFY25. PAT for 9MFY26 was ₹17 crore, an improvement from ₹19 crore in 9MFY25, marking a decrease of 11%.
Despite a challenging macroeconomic environment and subdued demand, the company successfully launched the SmartFit Plus CPVC and CPVC solvent cement with a 4-year shelf life. They also introduced two new variants in the water tank segment: Storefit HYDRA and Storefit COOL. A new brand campaign, ‘INDIA KI PRAGATI KA TAJ’, was rolled out to celebrate the people powering India’s progress. An engagement program was initiated in the bathware segment, Aquel, with a cashback rewards program for plumbers.
Commenting on the results, Mr. Parag Chheda, Joint Managing Director, highlighted the company's focus on operational resilience, cost rationalization, and targeted market initiatives. He expressed confidence in Prince Pipes' ability to drive long-term growth and deliver consistent value to stakeholders through sustained investments in capacity, innovation, and operational efficiency.
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