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Prakash Pipes Ltd Q1FY24; 28% fall in Profits

Prakash Pipes is engaged in the manufacturing of PVC pipes & fittings and packaging products. It was incorporated in June 2017 created out of a demerger from Prakash Industries Limited.

Financial Results:

Prakash Pipes Ltd reported Revenues for Q1FY24 of ₹176.00 Crores down from ₹192.00 Crore year on year, a fall of 8.33%.

Total Expenses for Q1FY24 of ₹154.00 Crores down from ₹174.00 Crores year on year, a fall of 11.49%.

Consolidated Net Profit of ₹18.00 Crores down 28.0% from ₹25.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹7.72, down 26.05% from ₹10.44 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

Tags: pipes
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