Hi-Tech Pipes Ltd. News, Corporate filings and Earnings/Conference Calls

Iron & Steel Products company Hi-Tech Pipes announced H1FY25 & Q2FY25 results Q2FY25 Financial Highlights: Total sales volumes increased by 22.50% to 1.23 lakh tonnes as compared to 1.00 lakh tonnes in Q2FY24; led by increased demand for steel tubes/structural steel products and value-added Products. Revenue from operations declined by 5.3% to Rs 705.89 crore as compared to Rs 746.00 crore in Q2FY24; on account steep decrease in raw material prices. PAT increased by 72% to Rs 18.11 crore as compared to Rs 10.54 crore in Q2FY24. EBITDA increased by 57.66% to Rs 42.19 crore as compared to Rs 26.75 crore in Q2FY24. EBITDA/ton at Rs 3,429 in Q2FY25 vs Rs 2,665 in Q2FY24; Increased by 28.66% YoY; on account of focus on Value-added products & efficient cost management activities. H1FY25 Financial Highlights: Revenue from operations was up 13.31% to Rs 1,572.88 Crores as compared to Rs 1,288.17 crore in 161 FY24; led by higher sales volume. PAT increased by 95% to Rs 36.16 crore as compared to Rs 18.49 crore in H1FY24. Total sales volumes increased by 32.55% to 2.45 lakh tonnes as compared to 1.85 lakh tonnes in H1FY24; led by better demand for steel tubes and structural steel products. EBITDA increased by 77.00% to Rs 84.87 crore as compared to Rs 47.95 crore in H1FY24. EBITDA/ton increased by 33.51% to Rs 3,462 in H1FY25 vs. Rs 2,593 in H1FY24. Net Working Capital Days has declined from 63 days in FY24 to 60 days in H1FY25. Debt Equity Ratio has improved from 0.70x in FY24 to 0.49x in H1FY25. The current Ratio has improved from 1.534x in FY24 to 1.63x in H1FY25. Return on Capital Employed has improved 10.00% in FY24 to 14.53 in H1FY25. Ajay Kumar Bansal, Chairman and Managing Director, Hi-Tech Pipes, said: “ We are pleased to report that Hi-Tech Pipes continues to demonstrate robust operational performance. In Q2FY25, our total sales volumes increased by 22.50%, reaching 1.23 lakh tonnes, driven by strong demand for steel tubes, structural steel products, and value-added products. Despite this, revenue from operations saw a 5.3% decline due to the steep reduction in raw material prices. However, our focus on value-added products and efficient cost management resulted in a significant 57.66% growth in EBITDA, with EBITDA per tonne rising by 28.66% YoY. For H1FY25, revenue increased by 13.31% to Rs 1572.88 crore, supported by a 32.55% growth in total sales volumes. Our EBITDA surged by 77.00%, and the EBITDA per tonne improved by 33.51%, showcasing our operational efficiencies. Financially, we have strengthened our position with a reduction in Net Working Capital Days, improvement in the Debt-Equity Ratio, and better returns with ROCE increasing to 14.53% Furthermore, the successful closure of our Rs 5,001 million QIP, backed by strong interest from institutional investors, is a testament to the confidence in our growth strategy. We are committed to maintaining this momentum and delivering sustained value to all our stakeholders". Result PDF

52.95% Fall from 52W High

Hi-Tech Pipes Ltd. News, Corporate filings and Earnings/Conference Calls

Keep track of all breaking news and updates on Hi-Tech Pipes Ltd. from all sources in a single place.