Iron & Steel Products company Hariom Pipe Industries announced Q4FY24 & FY24 results: FY24 Financial Highlights: Total Income of Rs 1,15,838.47 Lakhs, up 80% YoY EBITDA of Rs 14,379.14 Lakhs, up 74% YoY PAT of Rs 5,679.95 Lakhs, up 23% YoY Operating Cash Flow turned positive at Rs 495.54 Lakhs, up 105% YoY RoCE of 18.8% in FY24 vs. 14.6% in FY23 NWC to Sales days of 62, down from 129 in FY23 FY24 Operational Highlights: Net production of 2,13,216 MT, up 77% YoY Net sales of 1,99,016 MT, up 82% YoY Value Added Products sales of 1,74,667 MT, up 114% YoY Commissioned GP/GC products plant at Telangana Unit Q4FY24 Financial Highlights: Total Income of Rs 33,206.88 Lakhs, up 32% YoY, up 18% QoQ EBITDA of Rs 4,318.71 Lakhs, up 37% YoY, up 25% QoQ PAT of Rs 1,676.93 Lakhs, down 3% YoY, up 71% QoQ Q4FY24 Operational Highlights: Net sales of 60,449 MT, up 46% YoY, up 24% QoQ Value Added Products sales of 49,259 MT, up 42% YoY, up 14% QoQ Commissioned CR Tandem Mill at Mahabubnagar plant, Telangana Commenting on HPIL’s performance, Rupesh Kumar Gupta, Managing Director, stated: “Our strategic initiatives have driven us to achieve our highest-ever sales volume, with annual revenue surpassing the Rs 1,100 crore mark. The company demonstrated positive Operating Cash Flow, driven by increased profitability and efficient working capital management. Our ROCE has surged significantly, reflecting effective resource utilization and enhanced profitability. As we enter FY25, we are well-positioned to maintain our growth trajectory with a continued focus on improving cash flow. We remain dedicated to enhancing our value-added offerings to meet the evolving needs of a rising and aspirational India.” Result PDF
Iron & Steel Products company Hariom Pipe Industries announced Q1FY24 results: Revenue from operations of Rs 24,011.75 lakh which is a growth of 68.73% over Q1FY23. EBIDTA for Q1FY24 stood at Rs 2,922.97 lakh which was a growth of 78.83% over Q1FY23. PAT for Q1FY24 stood at Rs 1,544.15 lakh which a growth of 61.90% over Q1FY23. During Q1FY24 the company has charged an amount of Rs 150.43 lakh towards brand building. Result PDF