FY24Q4 Result Updates - Prince Pipes and Fittings

1) Revenue from operations decreased 3.2% YoY while Gross Profit decreased by 13.7% YoY (Gross Margin contracted by 259 bps) 2) EBITDA decreased by 37.8% YoY (EBITDA Margin contracted by 694 bps) while PAT for the quarter declined by 41.9% YoY (PAT Margin contracted by 493 bps) EBITDA Margin deterioration is attributable to the following factors (as a % of Revenue from Operations as compared to FY23Q4): - Employee benefit expenses increased by 22.8% - Other expenses increased by 19.8%