Mukul Agrawal-Backed Plastic Products Company Reports Q1 FY27 Results; Profit Jumps 59% YoY, FII & DII Stake Doubles

Om DSIJ/ 14 Aug 2026 /Categories: Quarterly Results, Trending

Mukul Agrawal-Backed Plastic Products Company Reports Q1 FY27 Results; Profit Jumps 59% YoY, FII & DII Stake Doubles

Prakash Pipes shares gained 4 per cent as the company reported a 19 per cent YoY rise in Q1 FY27 net sales to Rs 241 crore, while EBITDA and PAT increased 47 per cent and 59 per cent, respectively

✨ Key Takeaways

On Friday, Indian equity benchmark indices traded lower, with the benchmark Nifty 50 index falling 41 points, or 0.17 per cent, to 24,354.85. Amid the market movement, Prakash Pipes Ltd share price jumps 4 per cent to Rs 275.00 after the company announced its financial results for the quarter ended June 30, 2026. The company reported strong growth in net sales, EBITDA and profit after Tax during the quarter.

Prakash Pipes Reports Strong Q1 FY27 Performance

Prakash Pipes reported net sales of Rs 241 crore in Q1 FY27, compared with Rs 203 crore in the corresponding quarter of FY26, registering a 19 per cent YoY growth.

Looking for Future-Ready Growth Opportunities?

Explore DSIJ’s Vriddhi Growth - a research-driven service focused on identifying innovative, fast-growing companies adapting to technological change and long-term market trends.

Download Service Brochure

EBITDA increased to Rs 27 crore from Rs 18 crore in the year-ago quarter, marking a 47 per cent YoY increase. Profit after tax rose to Rs 16 crore from Rs 10 crore in Q1 FY26, representing a 59 per cent YoY growth. The company's EPS for the quarter stood at Rs 6.87.
Also Read - Air Compressor Multibagger Stock Reports Q1 FY27 Results Sales Rise 23%; Share Price Jumps 6%

Flexible Packaging Division Records 33 per cent Volume Growth

The Flexible Packaging division recorded a sales volume of 4,980 MT during the quarter, compared with 3,751 MT in the corresponding quarter of the previous financial year. This represents a 33 per cent YoY increase.

Export sales volume increased sharply to 1,468 MT, registering a 195 per cent YoY growth. To meet rising demand for export orders, the company has undertaken an expansion plan to double the division's production capacity by March 2027.

PVC Pipes and Fittings Division Sees Volume Decline

The PVC Pipes & Fittings division recorded a sales volume of 11,421 MT in Q1 FY27, compared with 14,115 MT in the corresponding quarter of FY26.

The company stated that volumes were affected during the first half of the quarter due to the West Asia war crisis, which resulted in a steep increase in PVC resin prices and impacted demand for PVC pipes and fittings. According to the company, resin prices stabilised from June onwards, following which demand for PVC pipes and fittings revived.

Prakash Pipes Shareholding Pattern

Prakash Pipes shareholding pattern shows that FII holding increased to 0.86 per cent in June 2026 from 0.43 per cent in March 2026, effectively doubling during the quarter. DII holding also increased to 0.03 per cent from 0.01 per cent over the same period. Meanwhile, promoter holding remained stable at 44.50 per cent, compared with 44.50 per cent in March 2026. Among key investors, Mukul Mahavir Agrawal continued to hold a 2.36 per cent stake in the company as of June 2026, unchanged from the previous quarter.

About Prakash Pipes

Prakash Pipes Ltd is engaged in the manufacturing of PVC pipes and fittings and flexible packaging products. Its PVC portfolio includes agri pipes, column pipes, plumbing pipes, casing pipes, SWR pipes, garden pipes and related fittings, while its flexible packaging business manufactures barrier films, laminates and pouches for applications across food, beverages, personal care and pharmaceutical products. The company has a manufacturing facility at Kashipur, Uttarakhand, and has a strong presence in the North Indian market.