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Hi-Tech Pipes Ltd Q1FY24; 79% rise in Profits

Hi-Tech Pipes business of manufacturing of ERW Steel Round & Section Pipes, cold Rolled Strips & Engineering Products and distribution of the same across india.


Financial Results:

  • Hi-Tech Pipes Ltd reported Revenues for Q1FY24 of ₹642.17 Crores up from ₹516.17 Crore year on year, a rise of 24.41%.
  • Total Expenses for Q1FY24 of ₹631.66 Crores up from ₹510.71 Crores year on year, a rise of 23.68%.
  • Consolidated Net Profit of ₹8.02 Crores up 79.02% from ₹4.48 Crores in the same quarter of the previous year.
  • The Earnings per Share is ₹0.61, up 64.86% from ₹0.37 in the same quarter of the previous year.
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