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Stock Report
Prakash Pipes Ltd Q1FY22 net profit up at Rs. 10.56 crore
Posted On : 2021-07-30 14:40:50( TIMEZONE : IST )
Prakash Pipes Ltd has reported financial results for the period ended June 30, 2021.
Financial Results (Q1 FY2021-22) - QoQ Comparison
The company has reported total income of Rs.122.58 crores during the period ended June 30, 2021 as compared to Rs.136 crores during the period ended March 31, 2021.
The company has posted net profit / (loss) of Rs.10.56 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.10.17 crores for the period ended March 31, 2021.
The company has reported EPS of Rs.4.26 for the period ended June 30, 2021 as compared to Rs.4.37 for the period ended March 31, 2021.
| Financials | Q1 FY2021-22 | Q4 FY2020-21 | % Change |
| Total Income | ₹ 122.58 crs | ₹ 136 crs |  -9.87% |
| Net Profit | ₹ 10.56 crs | ₹ 10.17 crs |  3.83% |
| EPS | ₹ 4.26 | ₹ 4.37 | -2.52% |
Financial Results (Q1 FY2021-22) - YoY Comparison
The company has reported total income of Rs.122.58 crores during the period ended June 30, 2021 as compared to Rs.88.55 crores during the period ended June 30, 2020.
The company has posted net profit / (loss) of Rs.10.56 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.7.29 crores for the period ended June 30, 2020.
The company has reported EPS of Rs.4.26 for the period ended June 30, 2021 as compared to Rs.3.41 for the period ended June 30, 2020.
| Financials | Q1 FY2021-22 | Q1 FY2020-21 | % Change |
| Total Income | ₹ 122.58 crs | ₹ 88.55 crs | 38.43% |
| Net Profit | ₹ 10.56 crs | ₹ 7.29 crs | 44.86% |
| EPS | ₹ 4.26 | ₹ 3.41 | 24.93% |
During the quarter, the Company has reported strong performance at the back of higher sales realisation and operational efficiencies, which resulted in higher EBITDA margins. The Company achieved Net Sales of Rs. 122 Crores and EBITDA of Rs. 18 Crores, reflecting growth of 38% and 43% respectively over the corresponding quarter of last financial year. Profit after Tax for the quarter also increased to Rs. 11 Crores reflecting growth of 45% over the corresponding quarter of the last financial year.
PVC Pipes & Fittings Division
During the quarter, the volume of PVC fittings registered growth of 35% on YoY basis. The Company is committed to further increase the volume in the Fittings by adding new moulding machines in the ensuing quarters. Further, the market acceptability of the Chlorinated Polyvinyl Chloride (CPVC) Pipes & Fittings is also increasing and its addition to the existing product portfolio is in-line with the Company's growth strategy to enhance its product offerings.
Flexible Packaging Division
During the quarter, the sales volume registered growth of 35% on YoY basis due to strong demand and wider customer base. In order to address the increased demand, the Company is further expanding the capacity by adding one more production line in the next quarter and is committed towards improving operational efficiencies and achieving higher sales realisation by adding value added products.
