Hi-Tech Pipes Ltd.

NSE: HITECH | BSE: hitech | ISIN: INE106T01017
|Mid-range Performer
120.65 4.40 (3.78%)
NSE Oct 26, 2020 15:31 PM
Volume: 10,415
 

Hi-Tech Pipes Ltd.    
19 Nov 2018
120.65
3.78%

Q2FY19 Result Update

Prabhudas Lilladhar
Hi Tech Pipes (HITC) reported good Q2FY19 in spite of it being a seasonally weak quarter. Revenues at Rs 3,394mn, recording a YoY growth of 34.4% 5.6% QoQ driven by increase in volumes and (8.4% YoY) and higher realisation (24.0% YoY) due to a better product mix and higher steel prices. Total volumes stood at 65,947 MT. Realisation/ton was higher by Rs 9,952 YoY to Rs 51,466. EBITDA at Rs 188m, was up by 12.6% YoY on account of operational efficiencies and greater reach in to the more profitable markets of Gujarat and Andhra Pradesh. But higher interest costs, lower other income and slightly higher tax rate, lead to slightly lower profit growth of 3.4%...
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Hi-Tech Pipes Ltd.'s price crossed above SMA200 today
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