Shares of Prince Pipes and Fittings Ltd. dropped over 5% on Thursday after the company reported a sharp year-on-year decline in its June quarter earnings. The stock was last trading at ₹308 on the NSE, down ₹17.70 or 5.43%, after hitting an intraday low of ₹305.
The company reported a net profit of ₹48 crore for Q1 FY26, an 81% decline from ₹247 crore in the same quarter last year. Revenue also came under pressure, falling to ₹580 crore from ₹605 crore YoY.
Operating performance weakened as well. EBITDA dropped 32% YoY to ₹39.6 crore, while EBITDA margin contracted to 6.82% from 10% in the corresponding quarter of FY25.
Despite the subdued performance, Prince Pipes reaffirmed its strategic focus on long-term growth, highlighting key expansion initiatives. These include capacity augmentation at its Bihar plant, a push into premium bathware and modern plumbing systems, and global technology collaborations. The company is also strengthening its pan-India distribution network to capitalise on the ₹80,000+ crore domestic piping market.
At 12:30 PM, trading volumes stood at 46,771 shares on the NSE, and the stock’s 52-week range was ₹229.05–₹631.15.
Disclaimer: This article is based on publicly available financial disclosures and market data. It does not constitute investment advice.
