Prakash Pipes Q3 FY24 Results Live: Profit Rises by 72.3% YoY

Prakash Pipes, a leading company in the pipe manufacturing industry, has announced its Q3 FY24 results on 13th February 2024. The company's topline has witnessed a decrease of 7.96% compared to the same quarter last year. However, there has been a significant increase of 72.3% in the company's profit on a year-on-year basis.

In comparison to the previous quarter, Prakash Pipes has experienced a decline of 7.4% in revenue, but the profit has shown a positive growth of 2.07%.

The Selling, general & administrative expenses have witnessed a decline of 5.08% quarter-on-quarter, but there has been an increase of 7.28% year-on-year.

The operating income of Prakash Pipes has shown a remarkable growth of 26.36% quarter-on-quarter and a significant increase of 57.59% year-on-year.

The earnings per share (EPS) for Q3 FY24 stands at ₹9.67, representing a substantial growth of 78.41% year-on-year.

In terms of stock performance, Prakash Pipes has delivered a negative return of -3.84% in the last 1 week. However, the company has shown a strong performance with a return of 54.12% in the last 6 months and a year-to-date return of 9.82%.

As of now, Prakash Pipes holds a market capitalization of ₹1043.2 Cr and has a 52-week high/low of ₹493 and ₹134.2 respectively.