Prakash Pipes Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2025.
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Prakash Pipes Limited reported its Q1 FY26 (quarter ended June 30, 2025) unaudited results with revenue from operations of ₹203.42 crores, nearly flat against ₹204.82 crores in Q1 FY25. However, net profit fell sharply to ₹10.31 crores from ₹25.40 crores, a decline of around 59%, while EBITDA was roughly halved to about ₹18 crores. The PVC Pipes & Fittings segment posted volume growth of 11% YoY (14,115 MT vs 12,704 MT) but segment profit dropped from ₹24.67 cr to ₹13.28 cr as subdued PVC prices hurt margins. The Flexible Packaging segment also saw segment profit plunge from ₹11.13 cr to ₹1.83 cr despite marginally higher volumes. The statutory auditor (Chaturvedi & Co. LLP) issued an unmodified review report with no qualifications.
A near 60% drop in net profit on flat revenue points to significant margin compression and pricing pressure, which is likely to weigh negatively on the stock in the short term. The board also approved continuation of an independent director beyond age 75, a routine governance matter with limited market impact.