Hi-Tech Pipes Limited — Board Meeting, 12-02-2025: Outcome of Board Meeting

The Board of Directors of Hi-Tech Pipes Limited has approved the standalone and consolidated unaudited financial results for the quarter and nine months ended December 31, 2024. The company's consolidated net revenue from operations reached ₹761.02 Cr, marking an increase from ₹630.10 Cr in the previous year. Profit after tax for the period stands at ₹191.49 Cr, up from ₹143.28 Cr. The board also confirmed the successful completion of a Qualified Institutional Placement, raising ₹500.79 Cr by issuing approximately 2.70 crore equity shares at ₹185.50 each.