Penny stock engaged in the business of manufacturing and selling unplasticized polyvinyl chloride (UPVC) pipes and fittings hits 5 percent upper circuit in the day’s trade upon posting its Q4FY24 results with a 122% YoY jump in Net Profits.
With a market capitalization of Rs. 284.63 Crores, the shares of Captain Pipes Limited hit a 5 percent upper circuit at Rs. 19.27, from its previous day’s close price of Rs. 18.36.
Annually it generated a Net Profit of Rs. 1.79 Crores in FY23 to Rs. 3.98 Crores in FY24, indicating a growth of 122 percent. Its Net Profit declined by 4.24 percent YoY from Rs. 94.54 Lakhs in Q4FY23 to Rs. 90.53 Lakhs in Q4FY24 and it declined by 11 percent QoQ from Rs.1.01 Crores in Q3FY24 to Rs. 90.53 Lakhs in Q4FY24.
Its revenue from operations decreased by 4.5 percent YoY from Rs. 21.22 Crores in Q4FY23 to Rs. 20.26 Crores in Q4FY24 and it grew by 0.09 percent QoQ from Rs. 20.24 Crores in Q3FY24 to Rs. 20.26 Crores in Q4FY24. Annually it generated a revenue of Rs. 85.50 Crores in FY23 and Rs. 76.34 Crores in FY24 indicating a decline of 11 percent YoY.
In Addition, Captain Pipes Limited has announced that the construction of its new plant near Ahmedabad is underway. It anticipates starting its commercial operations in FY25 to expand its business footprint and strengthen its market position.
Captain Pipes Limited is engaged in the business of manufacturing and selling of unplasticized polyvinyl chloride (UPVC) pipes and fittings. It offers a wide range of piping solutions for applications in agriculture, plumbing, drainage, and others
Its product portfolio includes UPVC column pipes, borewell pipes, UPVC pressure pipes, UPVC pressure fittings, UPVC plumbing pipes, UPVC plumbing fittings, CPVC plumbing pipes, chlorinated polyvinyl chloride plumbing fittings, soil, waste and rainwater pipes, and many more.
Written by: Bharath K.S
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