Prakash Pipes Q1 Results Live: Profit Rise by 37.52% YoY

Prakash Pipes Q1 Results Live : Prakash Pipes Q1 Results Live: Prakash Pipes declared their Q1 results on 14 Aug, 2024. The topline increased by 16.67% and the profit increased by 37.52% YoY. As compared to the previous quarter, the revenue grew by 24.35% and the profit increased by 0.16%.

The Selling, general & administrative expenses rose by 5.51% q-o-q and increased by 15.56% Y-o-Y. This increase in expenses was managed effectively to still achieve substantial growth in both revenue and profit.

The operating income was up by 10.13% q-o-q and increased by 46.11% Y-o-Y. This indicates that the company has been able to enhance its operational efficiency and profitability.

The EPS for Q1 stands at ₹10.62, which has increased by 37.56% Y-o-Y. This rise in EPS is a positive indicator for shareholders, reflecting the company's strong financial performance.

Prakash Pipes has delivered a remarkable 14.66% return in the last week, a 25.94% return in the last 6 months, and a 38.31% YTD return. These returns demonstrate the company's strong market performance and investor confidence.

Currently, Prakash Pipes has a market cap of ₹1313.84 Cr with a 52-week high/low of ₹577.7 and ₹248.1 respectively. This solid market presence underscores the company's robust financial health and growth potential.