Prince Pipes And Fittings Limited has informed the Exchange regarding 'Appointment of Secretarial Auditor'.
PRINCEPIPE · price
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Awaiting price reaction for this filing.
Prince Pipes' board, at its May 21, 2025 meeting, approved audited standalone results for Q4 and FY25. FY25 revenue from operations stood at Rs 2,523.9 crore (vs Rs 2,568.7 crore in FY24), while net profit fell sharply to Rs 43.1 crore from Rs 182.5 crore — though the prior year included a one-time exceptional gain of Rs 17.9 crore. Q4 FY25 revenue was Rs 719.7 crore with net profit of Rs 24.2 crore. The board has recommended a final dividend of Rs 0.50 per share (5%) for FY25, subject to shareholder approval. Statutory auditor N.A. Shah Associates LLP issued an unmodified opinion. Additionally, M/s. Sanjay Dholakia & Associates was appointed as Secretarial Auditor for 5 years (FY26–FY30), and Smt. Ketki D. Visariya as Cost Auditor for FY26.
Routine annual results with a clean audit opinion and a modest final dividend — supportive of stability, though the steep year-on-year profit decline (ex-exceptional) reflects margin pressure. New auditor appointments are standard compliance and not a governance red flag; shareholders should focus on the weak core earnings when assessing the stock.