Prince Pipes Reports Q2 FY26 Results with 595 Crore Revenue, -4% YoY
Filing Summary
Prince Pipes and Fittings Ltd. announced its unaudited financial results for Q2 FY26, reporting revenues of ₹595 crore, a 4% decrease from Q2 FY25. The company’s EBITDA margin stood at 9%, with an EBITDA of ₹55 crore, marking a 20% year-on-year increase. The profit after tax remained stable at ₹15 crore. The company commenced Phase 2 operations at its Bihar plant and was selected as a preferred supplier for the Navi Mumbai Airport project. The bathware segment, Aquel, expanded its retail presence in Jammu & Kashmir and Uttar Pradesh.
Prince Pipes and Fittings Ltd. released its unaudited financial results for the quarter and six months ending September 30, 2025. The company reported revenues of ₹595 crore for Q2 FY26, reflecting a 4% decrease compared to ₹622 crore in Q2 FY25. The EBITDA for the quarter was ₹55 crore, representing a 20% increase from the previous year’s ₹46 crore. The EBITDA margin for Q2 FY26 was 9%, compared to 7% in Q2 FY25. The profit after tax for the quarter remained at ₹15 crore, consistent with the same period last year.
For the six months ending September 30, 2025, Prince Pipes reported revenues of ₹1,175 crore, a 4% decrease from ₹1,227 crore in H1 FY25. The EBITDA for the half-year was ₹95 crore, down from ₹104 crore in the previous year. The profit after tax for H1 FY26 was ₹20 crore, a 49% decrease from ₹39 crore in H1 FY25. The finished goods volume for the quarter was 42,761 MT, a 1% decrease from Q2 FY25, while the half-year volume was 86,496 MT, a 1% increase from H1 FY25.
Operationally, Prince Pipes successfully commenced Phase 2 operations at its Bihar manufacturing plant. The company was chosen as the preferred supplier of CPVC and cable ducting solutions for the Navi Mumbai Airport project. In the bathware segment, the Aquel brand expanded its retail presence by launching display outlets in Jammu & Kashmir and Uttar Pradesh. The company also received the Ambiton Box Employee Choice Award, highlighting its commitment to employee satisfaction and engagement.
The company continues to focus on expanding its manufacturing capabilities and market presence. The commencement of Phase 2 operations at the Bihar plant increased the total installed capacity to 435,222 MT. The selection as a preferred supplier for the Navi Mumbai Airport project underscores the company’s role in critical infrastructure projects.
Prince Pipes and Fittings Ltd. is one of India’s largest integrated piping solutions providers, with eight manufacturing units across the country. The company manufactures polymer piping solutions in CPVC, UPVC, HDPE, and PPR. The bathware segment, Aquel, acquired in March 2024, continues to grow its market presence. With a network of over 1,500 distributors, Prince Pipes aims to enhance customer proximity and responsiveness.