PRINCEPIPE Prince Pipes And Fittings Q2 FY25 results (Jul–Sep 2024) and concall
Prince Pipes reported a challenging Q2 FY25 with revenue and profitability declines, primarily due to a 16% fall in PVC prices leading to channel destocking and inventory losses of ₹12-15 crores. Despite this, the company achieved 4% Y-o-Y volume growth in Q2 and 9% in H1, driven by Plumbing and SWR segments. Management expressed optimism for a stronger H2, citing PVC price reversals and robust end-product demand, maintaining an 8-10% volume growth target for FY25. Strategic capacity expansion, particularly the Begusarai plant, and growth in the Bathware segment are key focus areas.
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What they filed
| Line item | Q2 FY25 |
|---|---|
| Revenue | 622 |
| EBITDA | 46 |
| Net profit | 15 |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.
