On a QoQ basis, the company’s total income grew from Rs 680.75 crore to Rs 867.50 crore, logging a QoQ rise of around 27.50 percent.
Hi-Tech Pipes shares were in momentum today as the company has announced it financial results for the first quarter of the financial year 2024-25. The company has declared Q1 and reported a total income of Rs 867.75 crore, up from Rs 642.44 crore in the corresponding period of the previous financial year. This means, the company has registered a Year-on-YEar rise of over 35 per cent in total income from April to June 2024.
On a QoQ basis, the company’s total income grew from Rs 680.75 crore to Rs 867.50 crore, logging a QoQ rise of around 27.50 percent. The company’s net profit grew YoY from Rs 8.02 crore to RS 18.05 crore, logging over 125 percent annualized growth during the first quarter of the current financial year.
The company reported a net profit of Rs 11.12 crore in the previous quarter. So, the company’s net profit has grown over 62 percent sequentially.
The company’s revenues surged 35 per cent to Rs 866.97 crore, from Rs 642.16 crore in the year-ago quarter. On a standalone basis, the company has reported a net profit of Rs 15.36 crore, up from 6.58 crore in the same period a year ago.
The standalone revenues stood at Rs 723.44 crore, as against Rs 520.25 crore in the year-ago quarter.
Hi-Tech Pipes owns and operates six integrated manufacturing facilities having a combined installed capacity of 7,50,000 metric tonnes per annum.
(Disclaimer: The information provided in this article is for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.)