Hi-Tech Pipes gains on reporting 26% rise in total sales volume during Q3FY25
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Hi-Tech Pipes is currently trading at Rs. 159.00, up by 0.85 points or 0.54% from its previous closing of Rs. 158.15 on the BSE.
The scrip opened at Rs. 161.30 and has touched a high and low of Rs. 163.85 and Rs. 158.55 respectively. So far 32769 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 210.75 on 23-Sep-2024 and a 52 week low of Rs. 102.45 on 04-Jun-2024.
Last one week high and low of the scrip stood at Rs. 165.40 and Rs. 155.45 respectively. The current market cap of the company is Rs. 3226.37 crore.
The promoters holding in the company stood at 50.76%, while Institutions and Non-Institutions held 19.36% and 29.88% respectively.
Hi-Tech Pipes has achieved an ever-highest sales volume of 1,24,233 MT for Q3FY25, reflecting an impressive 26.10% year-on-year (YoY) growth. For the nine months ended FY25, sales volumes surged to 3,69,415 MT, representing a stellar 30.33% YoY increase.
A significant contributor to this growth was the company’s solar torque tubes, which played a pivotal role in driving sales volumes. These high-quality products are increasingly in demand due to the rapid expansion of the solar energy sector in India. Known for their durability, precision, and compliance with stringent industry standards, Hi-Tech Pipes’ solar torque tubes have become a preferred choice for large-scale solar power projects.
In addition to the strong performance in the renewable energy sector, Hi-Tech Pipes also recorded substantial growth in other key sectors, including infrastructure and construction. The company’s diverse product portfolio, ranging from general-purpose steel pipes to specialized solutions, has enabled it to cater to a wide array of industries, further strengthening market position.
Hi-Tech Pipes - an ISO 9001 certified company, is one of India's leading engineering house of excellence and innovation producing steel pipes, hollow sections, tubes, cold rolled coils, road crash barriers, solar mounting structures and strips and a variety of other galvanized products.
