Captain Pipes Ltd. (BSE: 538817), one of the leading companies in the PVC Pipes industry, in its board meeting held on July26, 2024 has approved the audited Financial Results of the
Company for the quarter and year ended on 30June 2024.
Commenting on the Q1FY25 Performance, the Management added, “We are pleased to announce a strong performance for Captain Pipes Ltd. in the first quarter of FY25. Our revenue from operations grew by 8.7% year-on-year, reaching Rs. 2077.39 Lakhs compared to Rs. 1911.88 Lakhs in the same period last year. This growth is a testament to our strategic initiatives and our commitment to delivering value to our stakeholders.
Our EBITDA saw a significant increase of 44% year-on-year, rising from Rs. 180.86 Lakhs in Q1FY24 to Rs. 260.52 Lakhs in Q1FY25. This robust performance was driven by our focused efforts on operational efficiency and cost management. With our product mix optimized and profitability enhanced, our EBITDA margin increased by 221 basis points to 12.54%.
We are particularly proud of the impressive 55% year-on-year growth in our Profit After Tax (PAT), which increased from Rs. 101.76 Lakhs in Q1FY24 to Rs. 157.65 Lakhs in Q1FY25. The increase in high-margin products in our portfolio contributed to this significant growth, highlighting our strategic focus on high-value products.
We are also on schedule with the construction of our new plant near Ahmedabad. In addition to supporting our growth objectives, this facility is expected to further enhance our production capabilities.
As we look ahead, we remain optimistic about our growth prospects and are committed to delivering sustainable value to our shareholders. Captain Pipes Ltd is grateful for the continued support and trust we receive from our dedicated employees, customers, and stakeholders.”
Captain Pipes Limited (BSE: 538817) is a leading player in the PVC Pipes industry. Since its inception in 2010, Captain Pipes Limited (CPPL) is known for its high-quality products and extensive distribution network and the company has gained recognition as a leading brand in the industry and. CPPL offers a comprehensive range of PVC Pipes and Fittings designed
for various applications in Agriculture and Plumbing. The company’s product portfolio includes agricultural solutions such as Column pipes, Pressure pipes, and Agri fittings, as well as Plumbing solutions encompassing uPVC Pipes, CPVC Pipes, and SWR Pipes and Fittings. At the helm of CPPL’s success is a dynamic management team led by Mr. Ramesh Khichadia and Mr. Gopal Khichadia, who bring over 30 years of industry experience. Their strategic vision and leadership have been instrumental in shaping the company’s growth and positioning in the market. CPPL has developed a robust marketing and distribution network that spans multiple states across India, enabling widespread availability of its products. In addition, the company has successfully expanded its reach to international markets through exports to numerous countries. With a focus on delivering durable and reliable solutions, CPPL consistently emphasizes the quality of its products. The company
adheres to stringent quality standards and employs advanced manufacturing processes to ensure that its PVC Pipes and Fittings meet the highest industry benchmarks. CPPL’s commitment to innovation, customer satisfaction, and sustainability sets it apart in the PVC Pipes industry. By continuously investing in research and development, the company strives to introduce innovative products and technologies that cater to evolving market demands.