Prince Pipes & Fittings Limited announced its unaudited financial results for the quarter and nine months ended December 31, 2025, following board approval at a meeting held on February 10, 2026. The integrated piping solutions provider achieved a 3% year-on-year volume growth in Q3 FY26 despite challenging macroeconomic conditions affecting demand across plumbing, agriculture, and infrastructure segments.

Board Meeting and Regulatory Compliance

The company's Board of Directors convened on February 10, 2026, from 12:30 p.m. to 4:14 p.m., approving the unaudited financial results under Regulation 33 of SEBI Listing Regulations. The results were reviewed by the Audit Committee and statutory auditors N. A. Shah Associates LLP provided their limited review report confirming compliance with Indian Accounting Standards.

Q3 FY26 Financial Performance

The company's third quarter performance demonstrated operational resilience with volume growth offsetting revenue pressures in a subdued market environment.

The company reported a loss after tax of ₹23.75 million in Q3 FY26, primarily due to exceptional items worth ₹20.48 million net of tax towards estimated increase in provision for employee benefits arising from implementation of new labour codes.

Impact of New Labour Codes

Effective November 21, 2025, the Government of India consolidated multiple existing labour legislations into four unified labour codes. This resulted in an estimated increase in provision for employee benefits amounting to ₹20.48 million net of tax, presented under exceptional items for Q3 FY26.

Nine Months FY26 Performance

For the nine months ended December 31, 2025, Prince Pipes maintained consistent operational performance with improved profitability metrics.

Financial Highlights and Key Metrics

The quarter witnessed several notable financial developments including a writeback of ₹51.50 million towards excess scheme provision for earlier period, which was included in sales. Finance costs for the quarter were net of interest subvention for the Bihar plant aggregating to ₹64.44 million.

Product Innovation and Market Initiatives

During the quarter, Prince Pipes strengthened its product portfolio through strategic launches and enhanced customer engagement programs. The company successfully launched SmartFit Plus CPVC across markets and introduced CPVC solvent cement in co-ex packaging with a 4-year shelf life.

The company also rolled out a new brand campaign titled "INDIA KI PRAGATI KA TAJ – Celebrating the people powering India's progress" to mark its approximately 40 years journey. This campaign honors plumbers, contractors, engineers, and distributors who have contributed to India's infrastructure growth.

Strategic Initiatives and Management Commentary

Prince Pipes initiated the Aquel Cash Back Reward Program in its bathware segment, enabling plumbers to earn direct cash rewards on select bathware products. This initiative aims to strengthen channel loyalty and product adoption in the premium bathware category.

According to Joint Managing Director Parag Chheda, "The pipe industry witnessed a challenging operating environment during the quarter, marked by subdued demand across key applications of plumbing, agriculture and infrastructure. Despite these headwinds, we have achieved a volume growth of 3% YoY in the quarter."

The company maintains a disciplined approach towards operational resilience, prioritizing cost rationalization and targeted market initiatives. With sustained investments in capacity, innovation, and operational efficiency, Prince Pipes positions itself to drive long-term growth and deliver consistent value to stakeholders.

Prince pipes & fittings Limited has formally notified the stock exchanges about an upcoming board meeting to review its quarterly financial performance. The company has scheduled the meeting in compliance with regulatory requirements to discuss its financial results for the third quarter of fiscal year 2026.

Board Meeting Details

The board of directors meeting has been scheduled for Tuesday, February 10, 2026, with specific objectives outlined for the session. The meeting agenda focuses on reviewing the company's financial performance for a significant reporting period.

Regulatory Compliance and Trading Window

In adherence to SEBI regulations, Prince Pipes and Fittings Limited has implemented mandatory trading restrictions. The company has closed the trading window for dealing in its securities as per the SEBI Prohibition of Insider Trading Regulations, 2015, and the company's internal code.

The trading window closure details are as follows:

• Start Date: January 01, 2026
• End Date: February 12, 2026
• Duration: Both days inclusive
• Regulatory Framework: SEBI Prohibition of Insider Trading Regulations, 2015

Corporate Communication

The notification has been issued under Regulation 29 of the Securities and Exchange Board of India Listing Obligation and Disclosure Requirements Regulation, 2015. Company Secretary and Compliance Officer Shailesh Bhaskar, bearing FCS number 13188, has signed the official communication to both major stock exchanges.

The company has ensured transparency by uploading this intimation on its official website at www.princepipes.com , providing stakeholders with easy access to the information. The formal notice has been dispatched to BSE Limited and National Stock Exchange of India Limited, where the company's shares are listed under scrip code 542907 and symbol PRINCEPIPE respectively.