Hi-Tech Pipes Limited — Updates, 06-11-2024: Press Release

Hi-Tech Pipes Limited reported a robust 72% profit growth and a 58% increase in EBITDA for Q2FY25. Total sales volumes rose by 22.5% to 1.23 lakh tonnes, driven by demand for steel tubes and structural products. Despite a 5.3% decline in revenue due to falling raw material prices, the company achieved a 77% EBITDA increase for H1FY25. Additionally, a successful INR 5,000 million QIP underscores investor confidence in the company’s growth strategy.