Prince Pipes And Fittings Limited

rs,

you, Sir. Aasim Bharde Thanks, Pelsia, and good morning to all. On behalf of DAM Capital Advisors, I welcome you to the Prince Pipes and Fittings Q2 & H1FY23 earnings call. From the management side,

Rs. 62

allenging period for the industry, and from April till-date PVC resin prices have dropped by about Rs. 62 per kg. The sharpest fall was in the month of July, a steep fall of Rs. 20 per kg in one single mon

Rs. 20

s have dropped by about Rs. 62 per kg. The sharpest fall was in the month of July, a steep fall of Rs. 20 per kg in one single month. This steep fall has led to an unprecedented inventory loss for us and t

14%

ersely impacting Q2 volumes. On an overall basis, our volume growth in H1 has been healthy with a 14% YoY growth, and I'm glad to share that the CPVC segment has delivered us a 25% plus YoY growth. We

25%

been healthy with a 14% YoY growth, and I'm glad to share that the CPVC segment has delivered us a 25% plus YoY growth. We continue to maintain our focus on cross-selling and optimize our product mix,

Rs. 14 crore

y performance, our advertising and promotion initiatives continue to remain on track, and we spent Rs. 14 crores or 2.2% of overall revenues in Q2. Further, we remain on the path of fiscal prudence and remain l

2.2%

r advertising and promotion initiatives continue to remain on track, and we spent Rs. 14 crores or 2.2% of overall revenues in Q2. Further, we remain on the path of fiscal prudence and remain long-term

Rs. 636 crore

H1 FY23, volumes grew by 14% to 69,707 metric tonne. Revenue from operation for the quarter was at Rs. 636 crores. EBITDA was minus Rs. 11 crores in Q2 FY23 and Rs. 33 crores in H1 FY23. Profit after tax was minu

Rs. 11 crore

9,707 metric tonne. Revenue from operation for the quarter was at Rs. 636 crores. EBITDA was minus Rs. 11 crores in Q2 FY23 and Rs. 33 crores in H1 FY23. Profit after tax was minus Rs. 24 crores in Q2 FY23 and

Rs. 33 crore

rom operation for the quarter was at Rs. 636 crores. EBITDA was minus Rs. 11 crores in Q2 FY23 and Rs. 33 crores in H1 FY23. Profit after tax was minus Rs. 24 crores in Q2 FY23 and is minus Rs. 8 crores in H1 F

Rs. 24 crore

EBITDA was minus Rs. 11 crores in Q2 FY23 and Rs. 33 crores in H1 FY23. Profit after tax was minus Rs. 24 crores in Q2 FY23 and is minus Rs. 8 crores in H1 FY23. Further, our finance costs have for the quarter

Rs. 8 crore

Y23 and Rs. 33 crores in H1 FY23. Profit after tax was minus Rs. 24 crores in Q2 FY23 and is minus Rs. 8 crores in H1 FY23. Further, our finance costs have for the quarter reduced by 15% YoY to Rs. 3.2 crores