Hi-Tech Pipes Ltd's Q3FY25 Quarter Results
- 13 Feb 2025
Result Summary
- Hi-Tech Pipes Ltd reported a 7.7% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 20.8%.
- Its expenses for the quarter were up by 7.8% QoQ and 20.3% YoY.
- The net profit increased 5.7% QoQ and increased 33.6% YoY.
- The earnings per share (EPS) of Hi-Tech Pipes Ltd stood at 1.1 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 761.40 | 706.87 | 630.54 | 7.7% | 20.8% |
Total Expenses | 735.81 | 682.55 | 611.54 | 7.8% | 20.3% |
Profit Before Tax | 25.59 | 24.31 | 18.99 | 5.3% | 34.8% |
Tax | 6.44 | 6.20 | 4.67 | 3.9% | 37.9% |
Profit After Tax | 19.15 | 18.11 | 14.33 | 5.7% | 33.6% |
Earnings Per Share | 1.10 | 1.10 | 0.80 | 0.0% | 37.5% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Hi-Tech Pipes Ltd is a prominent player in the steel industry, known for manufacturing a wide range of steel pipes and tubes. It serves various sectors including infrastructure, construction, and energy by providing essential components that cater to both domestic and international markets. The company is recognized for its commitment to quality and innovation, ensuring that its products meet stringent industry standards. Recent developments include expanding its production capacity and enhancing its technological capabilities to meet growing market demands. However, specific details about recent strategic moves or partnerships are not available within the provided data.
Revenue
In the third quarter of the fiscal year 2025, Hi-Tech Pipes Ltd reported a total income of ₹761.40 crores. This reflects a quarter-over-quarter increase of 7.7% from the ₹706.87 crores recorded in the second quarter of the same fiscal year. Furthermore, when compared to the third quarter of the previous fiscal year 2024, which was ₹630.54 crores, there is a notable year-over-year growth of 20.8%. These figures highlight the company's ability to enhance its revenue streams consistently over both short and long-term periods. The increase in total income is indicative of potential expansion in market reach and possibly higher sales volumes or improved pricing strategies.
Profitability
Hi-Tech Pipes Ltd's profitability metrics for Q3FY25 show a profit before tax of ₹25.59 crores, marking a 5.3% increase from the ₹24.31 crores in Q2FY25. Year-over-year, the profit before tax has risen significantly by 34.8% from ₹18.99 crores in Q3FY24. The company reported a profit after tax of ₹19.15 crores, a 5.7% increase QoQ from ₹18.11 crores and a 33.6% rise YoY from ₹14.33 crores. The tax expense for Q3FY25 was ₹6.44 crores, up 3.9% QoQ and 37.9% YoY. Earnings per Share (EPS) remained steady at ₹1.10 QoQ, but showed a YoY increase of 37.5% from ₹0.80 in Q3FY24. These metrics indicate a strong financial performance with improved profitability margins over the periods compared.
Operating Metrics
The total expenses for Hi-Tech Pipes Ltd in Q3FY25 amounted to ₹735.81 crores, representing a 7.8% increase from the previous quarter's ₹682.55 crores. Year-over-year, expenses grew by 20.3% from ₹611.54 crores in Q3FY24. Despite rising expenses, the company maintained a positive profit trajectory. The increase in expenses could be attributed to higher cost of goods sold, expansion efforts, or increased operational activities. Although specific operating ratios such as P/E ratio, debt-to-equity ratio, or current ratio are not provided in the data, the steady growth in income against the backdrop of rising expenses suggests efficient management of operating activities. The financial data showcases a balanced approach in handling operational costs while driving revenue growth.
