Categories AlphaGraphs, Earnings

Hi-Tech Pipes Ltd Q2FY24; 173% 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 Q2FY24 of ₹603.49 Crores up from ₹456.58 Crore year on year, a rise of 32.18%.
  • Total Expenses for Q2FY24 of ₹591.92 Crores up from ₹446.47 Crores year on year, a rise of 32.58%.
  • Consolidated Net Profit of ₹9.17 Crores up 172.92% from ₹3.36 Crores in the same quarter of the previous year.
  • The Earnings per Share is ₹0.70, up 159.26% from ₹0.27 in the same quarter of the previous year.

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