Prince Pipes And Fittings Limited has informed the Exchange regarding 'Appointment of Cost Auditor'.
PRINCEPIPE · price
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Awaiting price reaction for this filing.
Prince Pipes reported FY25 revenue of Rs 2,523.9 crore, down marginally from Rs 2,568.7 crore in FY24. Net profit fell sharply to Rs 43.1 crore from Rs 182.5 crore last year. For Q4 FY25, revenue was Rs 719.7 crore and net profit Rs 24.2 crore, compared to Rs 740.1 crore and Rs 54.6 crore respectively in Q4 FY24. The statutory auditor N.A. Shah Associates LLP issued an unmodified opinion. The board recommended a final dividend of Rs 0.50 per share (5% on face value of Rs 10) for FY25, subject to shareholder approval. The company also appointed Sanjay Dholakia & Associates as Secretarial Auditor for five years (FY26–FY30) and Smt. Ketki D. Visariya as Cost Auditor for FY26.
The sharp drop in full-year profit despite stable revenue signals margin pressure that may concern investors. However, the small dividend and clean audit opinion provide stability. The new auditor appointments are routine compliance matters and are unlikely to move the stock.