A manufacturer of multi-polymer products and integrated pipe solutions, Prince Pipes and Fittings Ltd. When it was first founded in 1987, it produced PVC goods. CPVC, UPVC, HDPE, and PPR polymer pipe systems are now being manufactured by this company.
Financial Results:
Revenues during the third quarter of FY23 rose by 6% to ₹ 706 crore from ₹ 664 crore in Q3FY22. In Q3 FY23, volumes increased significantly by 35% YoY to 43,693 MT from 32,435 MT in Q3FY22.
In comparison to Q3 FY22’s 111 crore, EBITDA for Q3 FY23 was 69 crore, with a 9.8% margin. PAT for the quarter was $ ₹ 35 million, compared to ₹ 67 million in Q3 FY22. 44 days have been added to Net Working Capital Days as of Q3FY23.