Captain Pipes Limited, a key player in the PVC Pipes industry, announced its financial performance for the third quarter ending December 31, 2024 (Q3 FY25), showcasing stable growth despite challenging market conditions.
Key Financial Highlights for Q3 FY25:
- Revenue from Operations: ₹20.66 crore, up 2% YoY from ₹20.25 crore in Q3 FY24.
- EBITDA: ₹1.99 crore, reflecting a 6.3% YoY decline due to reduced margins.
- EBITDA Margin: 9.6%, down from 10.5% YoY (90 bps decline).
- Profit Before Tax (PBT): ₹1.46 crore, down 4.2% YoY.
- Profit After Tax (PAT): ₹1.09 crore, marking a 7.4% YoY increase, driven by improved cost efficiencies.
- PAT Margin: 5.3%, a 30 bps improvement from 5.0% YoY.
Key Performance Drivers:
The management attributed muted revenue growth to unfavorable PVC resin prices and subdued demand from the infrastructure segment. However, operational efficiency and cost controls helped improve profitability.
Outlook and Expansion:
Captain Pipes is optimistic about improved demand in Q4 FY25 due to anticipated recovery in PVC resin prices and pending anti-dumping duty implementation on imports. Additionally, the company is on track to commission its new manufacturing plant near Ahmedabad by Q4 FY25, adding a capacity of 20,000 MTPA to support future growth.
Management Commentary:
“Our expansion plans are progressing as scheduled, and with improving market dynamics, we are confident about meeting our growth targets for the upcoming quarters,” the management noted.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Always consult a financial advisor before making any investment decisions.
