Audited Financial Results For The Period Ended 31st March, 2026
PPL · price
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Prakash Pipes Limited reported revenue of ₹789 crore for FY26, broadly flat vs ₹780 crore in FY25. However, Profit After Tax nearly halved to ₹43.3 crore from ₹83.1 crore in the prior year, driven by a sharp decline in the PVC Pipes & Fittings segment (profit fell from ₹7,886 to ₹4,989 lakh) amid volatile raw material prices, unseasonal rainfall, and geopolitical headwinds. PAT growth is deeply negative at ~48% YoY. EPS stood at ₹18.09 vs ₹34.74 prior year. The auditor issued an unmodified opinion with no going concern or qualification. The Board recommended a final dividend of 24% (₹2.40/share), which combined with an earlier 10% interim dividend totals 34% (₹3.40/share), up from 24% (₹2.40) previously. Segment-wise, PVC volumes fell 13% and Flexible Packaging volumes fell 7% year-on-year.
Revenue stability masked a severe profit contraction; the stock may face pressure given the ~48% PAT decline, though the increased dividend payout signals management confidence. The large ₹19,400 lakh loan given requires scrutiny.