Prince Pipes soars 15%, hits fresh record high as Q4 profit grows 246% YoY

In the past one year, the stock has zoomed 680 per cent as against a 56 per cent rally in the S&P BSE Sensex

Shares of Prince Pipes and Fittings hit a new high of Rs 659.75, surging 15 per cent on the BSE in the intra-day trade on Friday, after the company reported a 246 per cent year on year (YoY) jump in its profit after tax (PAT) at Rs 97 crore for the fourth quarter of FY21 (Q4FY21) on the back of strong revenue growth.

The company, engaged in integrated piping solutions & multi polymer manufacturers with seven strategically located plants across the country, had posted PAT of Rs 28 crore in the year-ago quarter.

In Q4FY21, the company's revenue