Prakash Pipes Limited — Updates, 10-02-2025: Press Release

Prakash Pipes Limited reported robust financial results for the quarter and nine months ended 31st December 2024. The company posted net sales of ₹193 Crore and an operating profit of ₹36 Crore for the quarter, marking a growth of 22% and 20% respectively compared to the same quarter last year. Profit after tax remained stable at ₹23 Crore. For the nine-month period, net sales reached ₹598 Crore with an operating profit of ₹100 Crore, reflecting growth of 18% and 30% year-on-year. Profit after tax grew by 13%, resulting in an EPS of ₹30.44.

The PVC Pipes & Fittings Division saw a sales volume of 10,547 MT, with anticipated demand growth driven by easing resin price volatility and government infrastructure spending, particularly due to the extended Jal Jeevan Mission. The Flexible Packaging Division achieved a sales volume of 4,015 MT, focusing on value-added products and export opportunities to enhance margins. Positive outlook for both divisions signals potential growth in the coming quarters.