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Prince Pipes and Fittings Ltd reports Q4FY21 net profit of Rs. 97.22 crore
Posted On : 2021-05-12 17:59:48( TIMEZONE : IST )
Prince Pipes and Fittings Ltd has reported financial results for the period ended March 31, 2021.
Financial Results (Q4 FY20-21) - QoQ Comparison
The company has reported total income of Rs.765.84 crores during the period ended March 31, 2021 as compared to Rs.553.63 crores during the period ended December 31, 2020.
The company has posted net profit / (loss) of Rs.97.22 crores for the period ended March 31, 2021 as against net profit / (loss) of Rs.66.79 crores for the period ended December 31, 2020.
The company has reported EPS of Rs.8.81 for the period ended March 31, 2021 as compared to Rs.6.06 for the period ended December 31, 2020.
| Financials | Q4 FY20-21 | Q3 FY20-21 | % Change |
| Total Income | ₹ 765.84 crs | ₹ 553.63 crs |  38.33% |
| Net Profit | ₹ 97.22 crs | ₹ 66.79 crs | 45.56% |
| EPS | ₹ 8.81 | ₹ 6.06 | 45.38% |
Financial Results (Q4 FY20-21) - YoY Comparison
The company has reported total income of Rs.765.84 crores during the period ended March 31, 2021 as compared to Rs.435.92 crores during the period ended March 31, 2020.
The company has posted net profit / (loss) of Rs.97.22 crores for the period ended March 31, 2021 as against net profit / (loss) of Rs.28.27 crores for the period ended March 31, 2020.
The company has reported EPS of Rs.8.81 for the period ended March 31, 2021 as compared to Rs.2.96 for the period ended March 31, 2020.
| Financials | Q4 FY20-21 | Q4 FY19-20 | % Change |
| Total Income | ₹ 765.84 crs | ₹ 435.92 crs | 75.68% |
| Net Profit | ₹ 97.22 crs | ₹ 28.27 crs | 243.9% |
| EPS | ₹ 8.81 | ₹ 2.96 | 197.64% |
Financial Results (Year ended FY 20-21) - YoY Comparison
The company has reported total income of Rs.2089.11 crores during the 12 months period ended March 31, 2021 as compared to Rs.1642.60 crores during the 12 months period ended March 31, 2020.
The company has posted net profit / (loss) of Rs.221.83 crores for the 12 months period ended March 31, 2021 as against net profit / (loss) of Rs.112.50 crores for the 12 months period ended March 31, 2020.
The company has reported EPS of Rs.20.15 for the 12 months period ended March 31, 2021 as compared to Rs.11.77 for the 12 months period ended March 31, 2020.
| Financials | Year Ended FY20-21 | Year Ended FY19-20 | % Change |
| Total Income | ₹ 2089.11 crs | ₹ 1642.60 crs | 27.18% |
| Net Profit | ₹ 221.83 crs | ₹ 112.50 crs | 97.18% |
| EPS | ₹ 20.15 | ₹11.77 | 71.2% |
Commenting on the results, Mr. Parag Chheda, Joint Managing Director, Prince Pipes and Fittings Limited, said, "Our performance this quarter is led by a well-defined growth strategy focusing on value expansion across our product portfolio and robust volume growth in the plumbing and SWR categories. We are happy with the strong traction Prince Flowguard Plus plumbing systems has been gaining in urban, semi urban and Tier 2/3 regions. Expanding distribution, manufacturing network and building a well-diversified product portfolio are the core focus areas that have helped sustain a robust momentum throughout the fiscal. We have also made positive impact with our ESG goals which are embedded into our business approach. The pipes and fittings industry is on a robust growth trajectory and we will continue to leverage all our competitive strengths as we build a value creating organization."
