Hi-Tech Pipes Ltd

Profit before tax (PBT) increased by 61.9% year on year (YoY) to Rs 24.08 crore in Q4 FY25. EBITDA stood at Rs 34.93 crore in Q4 FY25, down 1.15% compared with Rs 35.32 crore posted in corresponding quarter last year. Sales volume increased 7.7% YoY to 1,16,032 MT in Q4 FY25, as against 1,07,721 MT in Q4 FY24. For full year basis, the company's consolidated net profit jumped 66.1% to Rs 72.95 crore on 13.6% increase in revenue from operations to Rs 3,067.64 crore in FY25 over FY24. Ajay Kumar Bansal, chairman and managing director, Hi-Tech Pipes, said, 'FY25 marks a defining year for Hi-Tech Pipes, with 14% revenue growth and a 66% surge in profitability, driven by operational excellence and strategic capacity expansion. Our disciplined financial management reduced debt-to-equity to 0.15x and strengthened ROCE to 14.35%, reflecting robust capital efficiency. With the commissioning of our Sikandrabad greenfield plant and Sanand Phase II, positions us to meet rising demand in infrastructure and renewables. We are proud to contribute to nation-building through projects like the Kavach Anti-Collision System and BSF's border fencing. With an upgraded A+ credit rating, we are poised to achieve our next target of 2 million MT capacity vision by FY29.' Anish Bansal, whole time director, Hi-Tech Pipes, said, 'Hi-Tech Pipes' global leadership in solar torque tubes, manufactured at our Sanand unit 2, has been pivotal in driving FY25's success. These high end specialized tubes for solar tracking systems position us at the forefront of renewable energy infrastructure, with surging demand across North America, Europe, and the Middle East. Our advanced-stage Sikandrabad greenfield plant, set to commission shortly, will amplify ERW pipe production for various new sectors, while the Sanand Unit-2, Phase-II will enhance high-margin offerings for Infrastructure sector as well as energy sector. Coupled with a 24% sales volume surge and 12.26% EBITDA/Ton growth, these strategic expansions reinforce our commitment to innovation and sustainable energy transitions.' Meanwhile, the company's board recommended a final dividend of 0.025 paisa per share with face value of Re 1 each for FY25, subject to shareholders' approval. Hi-Tech Pipes is one of the leading steel tubes and pipes manufacturers in India. It provides innovative products for nearly four decades with a strong presence in steel pipes, hollow sections, tubes, cold rolled coils & strips, road crash barriers, solar mounting structures, GP/GC Sheets, color coated coils and a variety of other galvanised products. Powered by Capital Market - Live

Net profit of Hi-Tech Pipes rose 58.40% to Rs 17.63 crore in the quarter ended March 2025 as against Rs 11.13 crore during the previous quarter ended March 2024. Sales rose 7.74% to Rs 733.74 crore in the quarter ended March 2025 as against Rs 681.03 crore during the previous quarter ended March 2024. For the full year,net profit rose 66.06% to Rs 72.95 crore in the year ended March 2025 as against Rs 43.93 crore during the previous year ended March 2024. Sales rose 13.65% to Rs 3067.64 crore in the year ended March 2025 as against Rs 2699.29 crore during the previous year ended March 2024. ParticularsQuarter EndedYear EndedMar. 2025Mar. 2024% Var.Mar. 2025Mar. 2024% Var. Sales733.74681.03 8 3067.642699.29 14 OPM %4.765.19 -5.224.26 - PBDT28.3420.81 36 118.9174.17 60 PBT24.0814.87 62 97.9958.69 67 NP17.6311.13 58 72.9543.93 66 Powered by Capital Market - Live

Hi-Tech Pipes announced that the Board of Directors of the Company at its meeting held on 26 May 2025, inter alia, have recommended the final dividend of Rs 0.025 per equity Share (i.e. 2.5%) , subject to the approval of the shareholders.Powered by Capital Market - Live

Hi-Tech Pipes will hold a meeting of the Board of Directors of the Company on 26 May 2025.Powered by Capital Market - Live

The company's annual sales volume for FY24 was 3,91,147 MT. According to the company, the FY25 sales volume is the firm's highest-ever yearly volume recorded till date. Hi-Tech Pipes' quarterly sales for Q4 FY25 stood at 1,16,032 MT, marking an 8% YoY increase from 1,07,721 MT in Q4 FY24. The growth in sales during the quarter was driven by sustained demand across infrastructure and construction sectors. Hi-Tech Pipes manufactures steel tubes and pipes, galvanised and corrugated sheets, cold-rolled products, and colour-coated sheets. It has an installed capacity of a total of 7,40,000 MT across its manufacturing plants. The company's consolidated net profit rose 33.64% to Rs 19.15 crore on a 20.78% increase in sales to Rs 761.02 crore in Q3 FY25 as compared to Q3 FY24. The scrip was up 0.05% to currently trade at Rs 105.20 on the BSE. Powered by Capital Market - Live

Hi-Tech Pipes reported strong sales performance for Q4 FY25 and fiscal year ended 31st March 2025. The company achieved annual sales of 4,85,447 MT in FY25, its highest-ever yearly volume, reflecting a 24% year-on-year (YoY) growth compared to 3,91,147 MT in FY24. Quarterly sales for Q4 FY25 stood at 1,16,032 MT, marking an 8% YoY increase from 1,07,721 MT in Q4 FY24, driven by sustained demand across infrastructure and construction sectorsPowered by Capital Market - Live

Net profit of Hi-Tech Pipes rose 33.64% to Rs 19.15 crore in the quarter ended December 2024 as against Rs 14.33 crore during the previous quarter ended December 2023. Sales rose 20.78% to Rs 761.02 crore in the quarter ended December 2024 as against Rs 630.10 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales761.02630.10 21 OPM %5.295.01 - PBDT31.8522.75 40 PBT25.5918.99 35 NP19.1514.33 34 Powered by Capital Market - Live

Hi-Tech Pipes will hold a meeting of the Board of Directors of the Company on 12 February 2025.Powered by Capital Market - Live

For the nine months ended FY25, sales volumes added up to 3,69,415 MT, representing an increase of 30.33% on YoY basis. Ajay Kumar Bansal, chairman, Hi-Tech Pipes, said: 'We are happy with the strong sales momentum witnessed in Q3 and the first nine months of FY25. While the contribution of our solar torque tubes has been instrumental in achieving these milestones, our growth across other sectors, such as infrastructure and construction, also highlights the breadth and adaptability of our offerings.' Hi-Tech Pipes manufactures steel tubes and pipes, galvanised and corrugated sheets, cold-rolled products, and colour-coated sheets. It has an installed capacity of a total of 7,40,000 MT across its manufacturing plants. The company's consolidated net profit rose 71.98% to Rs 18.11 crore despite a 5.38% fall in sales to Rs 705.90 crore in Q2 FY25 over Q2 FY24. The scrip rose 0.38% to currently trade at Rs 158.75 on the BSE. Powered by Capital Market - Live

The agency has also upgraded the company's short-term rating to 'IND A1+' from 'IND A1'. In its rating rationale, India Ratings said that the upgrade reflects a notable improvement in the consolidated credit profile, following a qualified institutional placement (QIP) in October 2024. The company raised Rs 500.79 crore in equity, with an aim to strengthen its financial position and operational capabilities. A majority of these funds have been used to prepay long-term debt obligations of HTPL and its subsidiaries, as well as to reduce working capital borrowings, resulting in a robust liquidity position. The remaining proceeds are designated for capex purpose. Operationally, HTPL demonstrated healthy volume growth, supported by healthy offtake from its Sanand unit-II (phase-I). The upgrade also factors in a likely improvement in HTPL's business profile over the medium term, driven by sustained demand for its existing products, consistent offtake from the recently completed capex and likely volume growth following the completion of ongoing projects. India Ratings expects the profitability to improve over the medium term, aided by a growing share of value-added products, economies of scale, and cost-efficiency measures; although, remain range bound. The ratings are further bolstered by company's diversified product portfolio and low customer concentration risk. However, the ratings are constrained by HTPL's susceptibility to raw material price volatility and intense market competition. Hi-Tech Pipes manufactures steel tubes and pipes, galvanised and corrugated sheets, cold-rolled products, and colour-coated sheets. It has an installed capacity of a total of 7,40,000 MT across its manufacturing plants. Powered by Capital Market - Live