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Indian Hume Pipe Company Ltd Q1FY24; 59% fall in Profits

The Indian Hume Pipe Co. Ltd. was incorporated in 1926. The Company is in the business of manufacturing, laying and joining of pipelines. The Company has also been undertaking infrastructure development programmes by way of execution on turnkey basis the combined water supply projects. The company also manufactures and supplies Concrete Railway Sleepers to Indian Railways.


Financial Results:

  • Indian Hume Pipe Company Ltd reported Revenues for Q1FY24 of ₹347.00 Crores down from ₹360.13 Crore year on year, a fall of 3.65%.
  • Total Expenses for Q1FY24 of ₹338.17 Crores down from ₹349.01 Crores year on year, a fall of 3.11%.
  • Consolidated Net Profit of ₹8.51 Crores down 58.83% from ₹20.67 Crores in the same quarter of the previous year.
  • The Earnings per Share is ₹1.62, down 62.06% from ₹4.27 in the same quarter of the previous year.
Tags: piping
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