Net profit of Hi-Tech Pipes declined 29.73% to Rs 11.13 crore in the quarter ended March 2024 as against Rs 15.84 crore during the previous quarter ended March 2023. Sales declined 2.97% to Rs 681.03 crore in the quarter ended March 2024 as against Rs 701.86 crore during the previous quarter ended March 2023.For the full year,net profit rose 16.59% to Rs 43.93 crore in the year ended March 2024 as against Rs 37.68 crore during the previous year ended March 2023. Sales rose 13.14% to Rs 2699.29 crore in the year ended March 2024 as against Rs 2385.85 crore during the previous year ended March 2023. ParticularsQuarter EndedYear Ended�Mar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var. Sales681.03701.86 -3 2699.292385.85 13 OPM %5.194.81 -4.264.33 - PBDT20.8125.93 -20 74.1770.18 6 PBT14.8720.70 -28 58.6956.40 4 NP11.1315.84 -30 43.9337.68 17 Powered by Capital Market - Live News

Hi-Tech Pipes announced that the Board of Directors of the Company at its meeting held on 11 May 2024, has recommended a Final dividend of Rs.0.025 per share (i.e.2.5%), subject to the approval of the shareholders.Powered by Capital Market - Live News

Hi-Tech Pipes will hold a meeting of the Board of Directors of the Company on 11 May 2024Powered by Capital Market - Live News

Hi-Tech Pipes announced the achievement of a record-breaking sales volume for the concluding quarter and the fiscal year ended 31 March, 2024. This milestone represents the highest sales figures ever recorded in the company`s history, marking a momentous occasion for the organization and stakeholders.In the face of declining HRC Prices, Hi-tech has successfully managed to navigate through this and boost its market share in domestic steel pipes industry. The company`s strategic initiatives focused on operational excellence, customer-centric approaches, and increase in share of value added products have resulted in an increase in yearly sales volumes of 3,91,147 MT in FY24 from 3,54,032 MT in corresponding previous year. Powered by Capital Market - Live News

Hi-Tech Pipes announced the commencement of commercial production at Sanand Unit-ll Phase-1 (Gujarat) Capacity:1,70,000 MT. This facility represents a significant milestone in our commitment to delivering high-quality steel products to meet the evolving needs of our customers worldwide. Powered by Capital Market - Live News