2025-04-08 17:40:43
Latest Post
Godrej Properties delivers its highest ever quarterly and full year bookings
Poonawalla Fincorp Launches Shopkeeper Loan Business
Revolt Motors Expands to 200 Dealerships, Targets 400 by FY26
Sobha Ltd - Real Estate Operational Update - Q4 FY 2024-25
Lemon Tree Hotels signs a new property in DarjeelingStock Report
Prakash Pipes Ltd reports Q4, FY21 earnings
Posted On : 2021-05-17 14:28:37( TIMEZONE : IST )
The Board of Directors of Prakash Pipes Ltd in its meeting held on 17th May, 2021 have approved the financial results for the period ended March 31, 2021.
During FY2021, the Company has reported strong performance on account of better sales realisation, cost reducing measures and operational efficiencies. The Company achieved Net Sales of Rs. 476 Crores and EBITDA of Rs. 61 Crores, reflecting growth of 24% and 43% respectively over the last financial year. Net Profit of the Company for the year has increased to Rs. 36 Crores reflecting growth of 44% over the last financial year. Keeping in view the strong financial results for FY2021, the Board of Directors of the Company have recommended dividend of Rs. 1.20 per Equity Share of Rs. 10 each.
During the quarter, the Company has achieved Net Sales of Rs. 135 Crores and EBITDA of Rs. 17 Crores, reflecting growth of 56% and 77% respectively over the corresponding quarter of last financial year. Net Profit of the Company for the quarter has increased to Rs. 10 Crores, reflecting growth of 131 % over the corresponding quarter of the last financial year.
During the year, the Company added Chlorinated Polyvinyl Chloride (CPVC) pipes & fittings in its product range, which is getting good response from the market.
Further, the Company expanded capacity in its Flexible Packaging division by 50% during the year.
The expansion in both the divisions was funded through internal accruals. These expansions will significantly enhance the revenue and profitability of the Company in the coming times.
During the year, the Promoter infused Rs. 26.07 Crores towards subscription of 35 Lakh Equity Shares of the Company issued on preferential basis, as approved by the shareholders in their EGM held on 23rd December, 2020.
As a CSR initiative, the Company has actively supported the district administration to combat COVID19 pandemic by supplying oxygen concentrators, ventilators, medicines and PPE kits to the Government Hospitals.
Shares of PRAKASH Pipes LTD. was last trading in BSE at Rs. 138.50 as compared to the previous close of Rs. 132.70. The total number of shares traded during the day was 0.66 lakh shares at an average price of Rs. 139.47.
The stock hit an intraday high of Rs. 144 and intraday low of Rs. 134.50.
