Hi-Tech Pipes Limited — Results, 12-02-2025: Integrated Filing- Financial

Hi-Tech Pipes Limited has reported a solid financial performance for the quarter and nine months ended December 31, 2024. Consolidated net revenue increased to ₹76,101.50 Cr from ₹63,009.82 Cr year-on-year, contributing to a profit after tax of ₹1,914.86 Cr, up from ₹1,432.76 Cr. The standalone results mirrored this growth, with revenues of ₹63,303.42 Cr and a profit of ₹1,660.38 Cr.

During this period, the company completed a successful Qualified Institutional Placement, raising ₹500.79 Cr by issuing 2,69,96,734 equity shares at ₹185.50 each. This significant capital influx strengthens the company's balance sheet, offering room for operational expansions and debt reductions. Overall, the results indicate a positive outlook and potential for further growth, enhancing investor confidence.