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Hi-Tech Pipes Q3 Results: Profit Grows 34% To Rs 19 Crore

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.

<div class="paragraphs"><p> 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.</p><p>(Source: Hi-Tech Pipes website)</p></div>
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.

(Source: Hi-Tech Pipes website)

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.

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