Press release on Double Digit Growth, Outperforms Industry Results in H1FY26
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Malpani Pipes and Fittings Ltd reported strong double-digit growth in H1FY26, outperforming the broader industry. Consolidated revenue rose 20.49% year-on-year to ₹69.56 crore, while total income grew 20.75% to ₹70.18 crore. EBITDA climbed nearly 24% to ₹6.93 crore with margins improving to 9.96%, and net profit (PAT) jumped 22.78% to ₹3.88 crore with margins at 5.58%. The company highlighted improving demand, lower inventory levels, and ongoing capacity expansion plans. EPS for the half year stood at ₹3.60, lower than H1FY25 due to equity expansion following the company's recent IPO. Management also flagged diversification into telecommunications and power tools sectors through global partnerships.
Strong double-digit growth across revenue, profits, and margins signals healthy operational momentum and may boost investor sentiment. However, EPS dilution from the IPO is a temporary headwind worth monitoring against future earnings growth.