Hi-Tech Pipes Ltd News
Hi-Tech Pipes Q4 results: Net profit increase 59% to Rs 18 crore
Steel pipe maker Hi-Tech Pipes on Monday posted a 59 per cent rise in consolidated net profit to around Rs 18 crore for the March quarter, driven by higher income. It had recorded a net profit of Rs 11.12 crore in the January-March quarter of 2023-24, the company said in an exchange filing. The company's total income increased to Rs 733.75 crore from Rs 680.75 crore a year ago. Sales volume increased 8 per cent to 1,16,032 MT from 1,07,721 MT in Q4 FY24, reflecting higher demand. For the entire FY25, the net profit rose 66 per cent to Rs 72.95 crore against Rs 43.93 crore in FY24. Revenues during the year grew by 14 per cent to Rs 3,068 crore from Rs 2,699 crore, supported by record sales volumes. Kumar Bansal, Chairman and Managing Director, Hi-Tech Pipes, said, "FY25 marks a defining year for Hi-Tech Pipes, with 14 per cent revenue growth and a 66 per cent surge in profitability, driven by operational excellence and strategic capacity expansion". Hi-Tech Pipes owns and operates
 "Hi-Tech Pipes Q4 results: Net profit increase 59% to Rs 18 crore")
Hi-Tech Pipes Q3 results: PAT grows 34% to Rs 19 crore, revenue up 20.78%
Steel pipe maker Hi-Tech Pipes on Wednesday reported a 34 per cent rise in consolidated profit after tax to Rs 19.15 crore in the December quarter, on account of increased revenue. It posted a profit after tax (PAT) of Rs 14.33 crore in the year-ago period, the company said in a statement. The company's revenue from operations increased 20.78 per cent to Rs 761.02 crore in the reporting quarter from Rs 630.09 crore in the same period a year ago, it said. Its EBITDA (earnings before interest, taxes, depreciation and amortisation) stood at Rs 40.23 crore during the quarter compared to Rs 31.57 crore a year earlier, a rise of 27.42 per cent. Hi-Tech Pipes owns and operates six integrated manufacturing facilities having a combined installed capacity of 7,50,000 metric tonnes per annum. The company is also scaling up its captive renewable energy capacity to 13.5 MW by December-end.
 "Hi-Tech Pipes Q3 results: PAT grows 34% to Rs 19 crore, revenue up 20.78%")
