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Hariom Pipe Industries Ltd Q2FY24; 67% rise in Profits

Headquartered in Hyderabad, Telangana, Hariom Pipe Industries Limited is an integrated steel manufacturer with a stronghold in the South Indian market. It hasa diverse product portfolio consisting of Mild Steel (MS) Billets, Pipes and Tubes, Hot Rolled (HR) Coils, and Scaffolding Systems, our top-quality products cater to a variety of industrial applications across multiple sectors.

Financial Results:

  • Hariom Pipe Industries Ltd reported Revenues for Q2FY24 of ₹302.00 Crores up from ₹127.00 Crore year on year, a rise of 137.8%.
  • Total Expenses for Q2FY24 of ₹282.00 Crores up from ₹115.00 Crores year on year, a rise of 145.22%.
  • Consolidated Net Profit of ₹15.00 Crores up 66.67% from ₹9.00 Crores in the same quarter of the previous year.
  • The Earnings per Share is ₹5.35, up 46.98% from ₹3.64 in the same quarter of the previous year.
Tags: pipes
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