Prince Pipes and Fittings Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2022
February 07, 2023 at 05:28 am EST
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Prince Pipes and Fittings Limited reported earnings results for the third quarter and nine months ended December 31, 2022. For the third quarter, the company reported sales was INR 7,058.96 million compared to INR 6,640.23 million a year ago. Revenue was INR 7,071.16 million compared to INR 6,657.21 million a year ago. Net income was INR 353.9 million compared to INR 673.24 million a year ago. Basic earnings per share from continuing operations was INR 3.2 compared to INR 6.11 a year ago. Diluted earnings per share from continuing operations was INR 3.2 compared to INR 6.11 a year ago.
For the nine months, sales was INR 19,464.62 million compared to INR 17,556.34 million a year ago. Revenue was INR 19,515.92 million compared to INR 17,610.01 million a year ago. Net income was INR 273.03 million compared to INR 1,611.67 million a year ago. Basic earnings per share from continuing operations was INR 2.47 compared to INR 14.63 a year ago. Diluted earnings per share from continuing operations was INR 2.47 compared to INR 14.63 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.