Prince Pipes and Fittings Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
November 07, 2023 at 06:28 am EST
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Prince Pipes and Fittings Limited reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was INR 6,564.53 million compared to INR 6,364.87 million a year ago. Revenue was INR 6,604.06 million compared to INR 6,391.59 million a year ago. Net income was INR 706.34 million compared to net loss of INR 241.13 million a year ago. Basic earnings per share from continuing operations was INR 6.39 compared to basic loss per share from continuing operations of INR 2.18 a year ago. Diluted earnings per share from continuing operations was INR 6.39 compared to diluted loss per share from continuing operations of INR 2.18 a year ago.
For the six months, sales was INR 12,100.04 million compared to INR 12,405.66 million a year ago. Revenue was INR 12,177.56 million compared to INR 12,444.76 million a year ago. Net income was INR 902.52 million compared to net loss of INR 80.87 million a year ago. Basic earnings per share from continuing operations was INR 8.16 compared to basic loss per share from continuing operations of INR 0.73 a year ago. Diluted earnings per share from continuing operations was INR 8.16 compared to diluted loss per share from continuing operations of INR 0.73 a year ago.
Prince Pipes and Fittings Limited is an India-based company. The Company's operation comprises manufacturing and selling of plastic pipes and fittings. The Companyâs polymers processing products include Chlorinated Polyvinyl Chloride (CPVC), Unplasticized Polyvinyl Chloride (UPVC), Poly Propylene Random Copolymer (PPR), High Density Polyethylene (HDPE), Pipes, Fittings, Valves and Linear Low-Density Polyethylene (LLDPE), and water storage tanks. It also includes products such as water tanks, cable ducting, double-walled corrugated (DWC) pipes. Its product range includes plumbing, industrial, sewerage drainage pipes and fittings, underground, agriculture and borewell, cable protection, surface drainage system, polytetra methylene terephthalate (PTMT). Its underground product range include foam fit, drain fit, drain fit inspection chambers, corfit, corfit inspection chambers, and durafit. Its products are used in potable water supply, agriculture, bore well, drainage, water storage.
PRINCE PIPES AND FITTINGS LIMITED 
