Prakash Pipes Q4 Results Live : profit rise by 28.34% YOY

Prakash Pipes Q4 Results Live : Prakash Pipes announced their Q4 results on 24 May, 2024, reporting a 5.67% increase in revenue and a significant 28.34% rise in profit Year-over-Year (YoY).

Quarter-on-Quarter (QoQ), the company saw a 4.1% growth in revenue and a 9.59% increase in profit, showcasing a positive trend in their financial performance.

The Selling, general & administrative expenses for Prakash Pipes went up by 8.1% QoQ and 12.8% YoY, indicating a need for cost management strategies.

The operating income of Prakash Pipes witnessed a 0.84% increase QoQ and an impressive 65.27% surge YoY, reflecting operational efficiency and growth.

Earnings Per Share (EPS) for Q4 stood at ₹10.61, marking a 27.96% YoY increase, which is a positive indicator for the company's profitability.

Despite the financial growth, Prakash Pipes experienced a -0.81% return in the last week, and -8.07% and -7.03% returns in the last 6 months and Year-to-Date (YTD) respectively, showcasing market volatility.

Currently, Prakash Pipes holds a market capitalization of ₹883.19 Cr with a 52-week high/low of ₹493 and ₹159.3 respectively, providing insights into the company's market performance.