Q3 2026 Prince Pipes and Fittings Ltd Earnings Call Transcript
Key Points
- Prince Pipes And Fittings Ltd (BOM:542907) reported a low single-digit growth in the December quarter despite challenging market conditions.
- The company introduced CPVC pipes under the SmartFit Plus brand, enhancing its presence in the plumbing solutions segment.
- There was a significant improvement in working capital days, reducing from 90 days to 66 days year-over-year.
- The company has seen high double-digit growth in its CPVC segment, which is its fastest-growing polymer.
- Prince Pipes And Fittings Ltd (BOM:542907) remains optimistic about a gradual recovery in demand conditions, supported by stabilization in PVC pricing trends.
- The company faced a challenging operating environment with subdued demand across key applications such as plumbing, agriculture, and infrastructure.
- Profit after tax after exceptional items for the quarter stood at a loss of INR2 crore.
- There was an inventory loss of INR18 crore to INR20 crore during the quarter.
- The bathware segment reported a loss of INR18 crore for the nine months FY26.
- The company has revised its EBITDA margin guidance to a broader range of 10% to 12%, indicating increased competition and market challenges.
Gentlemen, good day, and welcome to Q3 and nine months FY26 earnings conference call of Prince Pipes and Fittings Limited hosted by MUFG Intime. (Operator Instructions) Please note that this conference is being recorded. I now hand the conference over to Mr. Sumeet Khaitan from MUFG Intime. Thank you, and over to you, sir.
Good morning, everyone. I welcome you all to the earnings conference call to discuss Q3 and nine months FY26 results of Prince Pipes and Fittings Limited. To discuss the results, we have from the management, Mr. Parag Chheda, Joint Managing Director; Mr. Nihar Chheda, Vice President, Strategy; and Mr. Anand Gupta, Chief Financial Officer.
They will take you through the results and the business performance, after which we will proceed for a Q&A session. Before we proceed with the call, I would like to mention that some of the statements made in today's call may be forward-looking in nature and may involve risks and uncertainties.
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