Prakash Pipes Ltd - Q3FY21 Highlights

Prakash Pipes Limited has announced the highlights for quarter ended December 31, 2020 (Q3FY21).

PVC Pipes & Fittings Division

The division recorded -9% growth (Y-o-Y) in production volumes in the quarter. The contribution of the PVC Fittings segment in the product mix has increased from 4% to 7%, registering 92% growth (Y-o-Y) in its production volume.

The Company has installed 3 new moulding machines during the quarter and is committed to increase the volume in the PVC Fittings segment which has higher margins.

Flexible Packaging Division

The division recorded more than 50% growth (Y-o-Y) in production volumes in the quarter. Encouraged with the phenomenal growth, the Company has enhanced its capacity by commissioning 3rd Printing Machine. The enhanced capacity of Flexible Laminates now stands at 14,400 tonnes per annum.

Further, as a step towards backward integration, the Company has successfully commissioned Rotogravure Cylinder plant during the quarter. This will improve the print quality, reduce the turn-around time and result in savings in ink consumption. The entire expansion in both the divisions is funded entirely through internal accruals, which will significantly boost the revenue and profitability of the Company in the coming times.

Source : Equity Bulls

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