Shares of Prince Pipes and Fittings surged over 7% in early trade on May 20 after the company reported a sharp improvement in profitability and operating margins for the March quarter.
The stock was trading at ₹288.20 on the NSE, up 7.08%, after touching an intraday high of ₹295.95. Trading volumes also remained elevated with over 45 lakh shares changing hands.
For Q4FY26, the company reported revenue of ₹850.07 crore, compared to ₹719.65 crore in the year-ago period, registering an 18.12% year-on-year growth. Revenue also rose 48.28% sequentially.
EBITDA nearly doubled to ₹109.62 crore from ₹54.57 crore a year ago, marking a 100.86% YoY increase and a sharp 292.95% rise over the previous quarter.
Operating profitability improved significantly during the quarter, with EBITDA margin rising to 12.9% compared to 7.58% in Q4FY25 and 4.87% in Q3FY26.
Profit before tax excluding exceptional items came in at ₹75.62 crore against ₹29.94 crore in the corresponding quarter last year. On a sequential basis, the figure rose sharply from a near-flat base in Q3FY26.
Profit after tax before exceptional items stood at ₹56.11 crore, compared to ₹24.18 crore in the year-ago quarter and a marginal loss in the previous quarter.
Reported PAT also came in at ₹56.11 crore versus ₹24.18 crore a year ago, while the company had posted a loss of ₹2.38 crore in Q3FY26.
Meanwhile, other income stood at ₹4.58 crore during the quarter, compared to ₹5.38 crore in Q4FY25.
The sharp recovery in margins and earnings appears to have boosted investor sentiment, especially after weak profitability seen in the previous quarter.
Prince Pipes operates in the plastic piping solutions segment and caters to residential, commercial, industrial and agricultural applications across India.
Disclaimer: This article is for informational purposes only and should not be construed as investment advice.