Captain Pipes Limited, a key player in the PVC pipes industry, witnessed its shares rise by 2.44% today, trading at ₹18.45, following the release of its financial performance for the third quarter ended December 31, 2024 (Q3 FY25). Despite facing challenging market conditions, the company reported stable revenue growth, signaling resilience in its operational framework.
The company’s revenue from operations rose by 2% year-on-year (YoY) to ₹20.66 crore, compared to ₹20.25 crore in Q3 FY24. However, pressure on margins led to a 6.3% YoY decline in EBITDA, which stood at ₹1.99 crore. The EBITDA margin narrowed to 9.6%, down from 10.5% in the corresponding quarter of the previous year.
Key Financial Highlights:
- Revenue from Operations: ₹20.66 crore, reflecting 2% YoY growth
- EBITDA: ₹1.99 crore, a 6.3% YoY decline from ₹2.12 crore
- EBITDA Margin: 9.6%, down by 90 basis points from 10.5%
- Profit Before Tax (PBT): ₹1.46 crore, marking a 4.2% YoY drop
- Profit After Tax (PAT): ₹1.09 crore, a 7.4% YoY increase
Despite muted revenue growth, the company achieved a 7.4% rise in PAT, driven by effective cost management and operational efficiencies. The PAT margin improved to 5.3% from 5.0% YoY, indicating the company’s ability to manage costs amid volatile PVC resin prices and subdued demand from the infrastructure sector. The management attributed the modest revenue growth to fluctuating PVC resin prices and limited demand from infrastructure projects.
Management Commentary:
The management expressed optimism regarding the company’s growth prospects, emphasizing that its expansion plans and improving market dynamics would support revenue and margin growth. “We remain focused on scaling our operations efficiently and are confident about meeting our growth targets in the upcoming quarters,” the company said in its statement.
Disclaimer: The information provided is for informational purposes only and should not be considered financial advice. Please consult financial experts before making any investment decisions.
