Board approves Q2 results, appoints Chief Business Officer, terminates ESOP Scheme 2017
Board meeting held on November 03, 2026 approved the unaudited financial results for the quarter and half year ended September 30, 2026.
By ScoutQuest · · 2 min read
| Line item | Latest | Year ago | YoY | Prev qtr | QoQ |
|---|---|---|---|---|---|
| Total income | 8,239.33 | 5,961.91 | +38.2% | 6,134.18 | +34.3% |
| Profit before tax | 665.09 | 197.66 | +236% | 428.96 | +55% |
| Profit after tax | 477.64 | 146.33 | +226% | 337.49 | +41.5% |
| Total comprehensive income | 474.40 | 147.37 | +222% | 337.49 | +40.6% |
| Basic EPS | 4.32 | 1.32 | +227% | 3.05 | +41.6% |
- Total income
- Latest 8,239.33; Year ago 5,961.91 (+38.2%); Prev qtr 6,134.18 (+34.3%)
- Profit after tax
- Latest 477.64; Year ago 146.33 (+226%); Prev qtr 337.49 (+41.5%)
- Profit after tax YoY
- +226%
- Period
- Three Months Ended 30.09.2026
Also decided at the meeting
- Appointed Mr. Rajat Mishra as Chief Business Officer and Senior Management Personnel with effect from November 03, 2026.
- Mr. Ashok Mehra, President – Chief Marketing Officer, will retire with effect from close of business hours on November 16, 2026.
- Terminated the Employee Stock Option Scheme, 2017 with immediate effect.
Auditor's review
Conclusion: Unmodified
Notes to the results
- New Labour Codes effective November 21, 2025 increased employee benefit provision by Rs 20.48 million (net of tax), shown as Exceptional Items for the year ended 31.03.2026.
Three decisions and a set of results
The Board met on Tuesday, November 03, 2026 and approved the unaudited financial results for the quarter and half year ended September 30, 2026, a change in senior management, and the termination of the Employee Stock Option Scheme, 2017.
Results for the quarter ended 30.09.2026
- Revenue from operations: Rs. 8,208.14 million
- Total income: Rs. 8,239.33 million
- Profit for the period after tax: Rs. 477.64 million
- Basic EPS: Rs. 4.32
In the same quarter last year, ended 30.09.2025, Revenue from operations was Rs. 5,945.74 million and Profit for the period after tax was Rs. 146.33 million.
Results for the half year ended 30.09.2026
- Revenue from operations: Rs. 14,302.31 million
- Profit for the period after tax: Rs. 815.12 million
Auditor's review
N. A. Shah Associates LLP carried out a limited review, which is less than a full audit, of the statement. Its conclusion: nothing has come to its attention that causes it to believe the statement is not prepared in accordance with the applicable accounting standards, or that it contains any material misstatement.
Senior management changes
- Mr. Rajat Mishra has been appointed Chief Business Officer and Senior Management Personnel with effect from November 03, 2026, on the recommendation of the Nomination and Remuneration Committee.
- His profile: commercial leadership experience across Building Materials, Adhesives, FMCG and Telecom sectors, a Postgraduate qualification in Management (Marketing) from Lucknow University, and earlier leadership positions at Astral, Ashirvad, Pidilite, Mondelez International and Vodafone.
- Mr. Ashok Mehra, President – Chief Marketing Officer, retires with effect from the close of business hours on November 16, 2026, and will work closely with Mr. Mishra until then for an orderly transition.
ESOP Scheme 2017
The Board terminated the Employee Stock Option Scheme, 2017 with immediate effect, using the power given to it under the provisions of the scheme. The scheme ceases to operate from now.
What a retail investor can take away
- These are the Company's unaudited results for the period; they were reviewed by the statutory auditor, whose conclusion did not flag any matter.
- The marketing head's exit is paired with a named successor already appointed and a stated transition period up to November 16, 2026.
- The employee stock option scheme of 2017 is no longer in operation.
Also from Prince Pipes and Fittings
Q2/H1 results approved; Rajat Mishra named Chief Business Officer, Ashok Mehra to retire; ESOP 2017 terminated
3 Nov 2026
Investor presentation for Q2 & H1 FY27: Q2 revenue up 38%, PAT up 220% YoY
3 Nov 2026
Prince Pipes Q2 FY27 volume up 22% YoY to 52,080 MT, EBITDA up 82% YoY to INR 100 crores
3 Nov 2026
More numbers
- Revenue from operations, quarter ended 30.09.2026Rs. 8,208.14 million
- Revenue from operations, half year ended 30.09.2026Rs. 14,302.31 million
- Profit for the period after tax, half year ended 30.09.2026Rs. 815.12 million
- Revenue from operations, quarter ended 30.09.2025Rs. 5,945.74 million
- Total income, latest quarter8,239.33 (Rs.in million)
- Total income, year-ago quarter5,961.91 (Rs.in million)
- Total income, previous quarter6,134.18 (Rs.in million)
- Total comprehensive income, latest quarter474.40 (Rs.in million)
- Total comprehensive income, year-ago quarter147.37 (Rs.in million)
- Total comprehensive income, previous quarter337.49 (Rs.in million)
- Profit after tax, latest quarter477.64 (Rs.in million)
- Profit after tax, year-ago quarter146.33 (Rs.in million)
- Profit after tax, previous quarter337.49 (Rs.in million)
- Revenue from operations, latest quarter8,208,14 (Rs.in million)
- Revenue from operations, year-ago quarter5,945.74 (Rs.in million)
- Revenue from operations, previous quarter6,094.18 (Rs.in million)
- Profit before tax, latest quarter665.09 (Rs.in million)
- Profit before tax, year-ago quarter197.66 (Rs.in million)
- Profit before tax, previous quarter428.96 (Rs.in million)
Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.