India's Prince Pipes hits 4-year low on Q3 loss

Prince Pipes and Fittings

11/02/2025 10:00

** Prince Pipes and Fittings  PRCE.NS  slides 8% to 339
rupees, lowest since early February 2021
    ** PVC pipe manufacturer posts Q3 loss of 204.2 mln rupees
($2.4 mln) vs year-ago profit of 376.3 mln rupees
    ** Rev drops ~7% y/y, hurt by weak demand
    ** Stock set for biggest one-day pct drop since mid-April
2021
    ** PRCE down 21% YTD

($1 = 86.8050 Indian rupees)

 (Reporitng by Nishit Navin)
 ((nishit.navin@thomsonreuters.com;))