Prakash Pipes Q3 FY26 Net Profit Declines 56% to ₹10 Crores Despite Volume Growth
Prakash Pipes Limited announced Q3 FY26 results showing net profit decline of 56% to ₹10.11 crores despite volume growth in both business segments. The company achieved net sales of ₹181 crores with EBITDA of ₹18 crores for the quarter, while nine-month profit dropped 59% to ₹29.78 crores with EBITDA of ₹52 crores.
*this image is generated using AI for illustrative purposes only.
Prakash Pipes Limited reported mixed results for the quarter ended December 31, 2025, with declining profitability despite volume growth across both business segments. The company announced its financial results through an official press release under Regulation 30, showing net profit fell significantly while operational volumes demonstrated positive momentum.
Financial Performance Overview
The company's financial performance showed considerable pressure during Q3 FY26, with profitability declining across key metrics despite maintaining operational scale. According to the official press release, the company achieved net sales of ₹181 crores with EBITDA of ₹18 crores for the quarter.
| Metric: | Q3 FY26 | Q3 FY25 | Change (%) |
|---|---|---|---|
| Revenue from Operations: | ₹181.15 crores | ₹192.50 crores | -5.90% |
| Total Income: | ₹181.14 crores | ₹193.12 crores | -6.20% |
| Net Profit: | ₹10.11 crores | ₹23.11 crores | -56.30% |
| EBITDA: | ₹18.00 crores | - | - |
| Earnings Per Share: | ₹4.23 | ₹9.66 | -56.20% |
Nine Months Performance
The nine-month period reflected similar challenges, with both revenue and profitability under pressure compared to the previous year. The company reported EBITDA of ₹52 crores for the nine-month period.
| Parameter: | Nine Months FY26 | Nine Months FY25 | Change (%) |
|---|---|---|---|
| Revenue from Operations: | ₹565.56 crores | ₹597.53 crores | -5.30% |
| Net Profit: | ₹29.78 crores | ₹72.81 crores | -59.10% |
| EBITDA: | ₹52.00 crores | - | - |
| Earnings Per Share: | ₹12.45 | ₹30.44 | -59.10% |
Segment-wise Performance
Both business divisions demonstrated volume growth despite revenue challenges, indicating pricing pressures in the market.
PVC Pipes & Fittings Division: During the quarter, the division achieved sales volume of 11,068 MT against 10,547 MT in the corresponding quarter of the previous year, showing growth momentum despite market challenges.
| Parameter: | Q3 FY26 | Q3 FY25 |
|---|---|---|
| Sales Volume: | 11,068 MT | 10,547 MT |
| Revenue: | ₹95.00 crores | ₹99.98 crores |
| Nine-month Revenue: | ₹310.48 crores | ₹315.23 crores |
Flexible Packaging Division: The division achieved sales volume of 4,329 MT against 4,015 MT in the corresponding quarter of the previous year, demonstrating consistent growth in volumes.
| Parameter: | Q3 FY26 | Q3 FY25 |
|---|---|---|
| Sales Volume: | 4,329 MT | 4,015 MT |
| Revenue: | ₹86.15 crores | ₹92.52 crores |
| Nine-month Revenue: | ₹255.08 crores | ₹282.30 crores |
Management Outlook
The company noted that PVC pipe business growth is returning to normalcy as the continuous downward trend in PVC resin prices has been arrested. Management expects good monsoon conditions and favorable economic factors in housing, agriculture, and infrastructure to drive strong demand in upcoming quarters. The flexible packaging division continues expanding its product range, increasing capacities, and offering customized solutions to customers.
Historical Stock Returns for Prakash Pipes
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -5.52% | -9.37% | -17.04% | +3.78% | -23.62% | 0.0% |
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