Hi-Tech Pipes Limited — Investor Meet, 09-11-2024: Analysts/Institutional Investor Meet/Con. Call Updates

Hi-Tech Pipes Limited reported a strong Q2 FY25, with a 22.5% rise in sales volume to 123,000 tons, despite a 5.3% dip in revenue due to lower steel prices. Profit after tax surged 72% to ₹18 crore, and EBITDA increased 57.6% to ₹42.2 crore. The company aims to become the second-largest ERW steel tube manufacturer and plans to double its manufacturing capacity. They've also closed a ₹500 crore QIP, boosting growth prospects under strategic initiatives.