Earnings Call Transcript Q4 FY26
PRINCEPIPE · price
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Prince Pipes reported strong Q4 FY26 results with revenue of INR850 crores (18% Y-o-Y) and volumes of 62,167 MT (23% Y-o-Y), achieving record quarterly volumes. EBITDA grew 100% Y-o-Y to INR110 crores with margins at 13%, while PAT of INR56 crores grew 133% Y-o-Y. For FY26, volumes grew 8% to 191,238 MT and EBITDA rose 43% to INR232 crores (9% margin). Management launched DECILO, an advanced low-noise PP pipe, and completed the Aquel bathware brand acquisition in Bhuj, Gujarat. Working capital improved dramatically with working capital days at 45 vs 98 last year. Management guided for FY27 EBITDA margins of 11-13% and volume growth of 12-15%, with value-added products share targeting 27-28% from current 23-24%.
Strong operational performance with volume momentum and margin improvement signals solid execution; management's guidance for 11-13% EBITDA margins and 12-15% volume growth provides visibility for FY27, while the Aquel bathware expansion diversifies revenue streams.