Steel pipe maker Hi-Tech Pipes on Wednesday reported a 34% rise in consolidated profit to Rs 19.15 crore in the December quarter, on account of increased revenue. It posted a profit of Rs 14.33 crore in the year-ago period, the company said in a statement.
The company's revenue from operations increased 20.78% to Rs 761.02 crore in the reporting quarter from Rs 630.09 crore in the same period a year ago, it said.
Its Ebitda stood at Rs 40.23 crore during the quarter compared to Rs 31.57 crore a year earlier, a rise of 27.42 per cent.
Hi-Tech Pipes owns and operates six integrated manufacturing facilities having a combined installed capacity of 7,50,000 metric tonnes per annum.
The company is also scaling up its captive renewable energy capacity to 13.5 MW by December-end.
RECOMMENDED FOR YOU
Stocks To Watch Today: Tata Steel, Infosys, Varun Beverages, Tech Mahindra, Rites
What Was Jan. 6 Pipe Bomb Case — And Who Was Brian Cole Arrested In This Matter? All You Need To Know
Lutnick Says EU Must Ease Tech Rules for Lower Steel Tariffs
Tata Steel Q2 Results: Profit Soars Nearly 50%, Beats Estimates
POPULAR