Captain Pipes Limited reported a marginal 0.67% increase in total income to Rs. 2,097.00 lakhs for Q1 FY26. However, profitability was impacted with EBITDA declining 26.32% to Rs. 196.00 lakhs and EBITDA margin compressing by 342 basis points to 9.35%. Standalone PAT fell 44.94% to Rs. 87.00 lakhs, while consolidated PAT decreased 5.73% to Rs. 148.00 lakhs. The company faced challenges due to muted demand, increased competition, and early monsoon. Despite this, Captain Pipes commenced commercial production at its new Ahmedabad plant, aiming for growth in coming quarters.