Revenue from operations rose 3.13% to Rs 656.45 crore in Q2 FY24 as against Rs 636.48 crore recorded in Q2 FY23.
Profit before exceptional items and tax stood at Rs 74.90 crore in Q2 FY24 as compared with loss before exceptional items to Rs 33.02 crore posted in Q2 FY23. The company reported an exceptional item of Rs 17.92 crore during the quarter.
The company reported positive EBITDA of Rs 94 crore in Q2 FY24 as compared with negative EBITDA of Rs 11 crore posted in same quarter last year. EBITDA margin stood at 14.3% in Q2 FY24
Finished goods volume grew 8% to 41,529 metric tonnes (MT) in Q2 FY24 compared to 38,458 MT recorded in corresponding quarter last year.
Parag Chheda, joint managing director, Prince Pipes, and Fittings, said, “Our improving product mix, stringent...
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