 Hey, I want to invite you to join Stocktwits. It’s the largest global community of active traders. You’ll get access to the real-time market insights, news, discussion and much more! You can sign up using my unique link below 
 


 has invited you to join Stocktwits

Hi-Tech Pipes Standalone March 2023 Net Sales at Rs 552.90 crore, up 14.22% Y-o-Y

Earlier, the company through postal ballot had approved sub-division of its shares from 1 equity share of face value of Rs 10 each to 10 shares of face value of Re 1 each, it said.

Hi-Tech Pipes splits shares in 10:10 ratio to increase liquidity

Hi-Tech Pipes Consolidated December 2022 Net Sales at Rs 569.29 crore, up 29.38% Y-o-Y

Hi-Tech Pipes Standalone December 2022 Net Sales at Rs 443.88 crore, up 26.97% Y-o-Y

Hi-Tech Pipes shares gained 3.7 percent to close at Rs 898.2, while Sula Vineyards surged 14.7 percent to Rs 373.2

Quant Mutual Fund acquires 1.6% stake in Hi-Tech Pipes, 1.2% in Sula Vineyards

Net Sales are expected to increase by 53.8 percent Y-o-Y (up 13 percent Q-o-Q) to Rs. 677 crore, according to Sharekhan.

Hi-tech Pipes Q3 PAT seen up 9.4% YoY to Rs. 11 cr: Sharekhan

Under this MoU, the proposed investment is Rs 510 crore, to be invested in phased manner. The favourable business environment and the special incentive packages offered by the U.P. government will help the company to strengthen its position in the steel tubes & pipes and flat steel processing industry.Ajay Kumar Bansal, managing director, Hi-Tech Pipes said, We are extremely proud and happy that the company has entered this MoU with U.P. Government, Hi-Tech Pipes has strong presence in Uttar Pradesh for more than three decades with our own manufacturing facility(ies). This MoU further reinforces our commitment to the state by creating more employment and business opportunities. This transaction will support the capacity expansion plans and to strengthen our position in the steel tubes & pipes space.Hi-Tech Pipes is in the business of manufacturing of ERW steel round & section pipes, cold rolled strips & engineering products and distribution of the same.The companys consolidated net profit declined 56.8% to Rs 4.34 crore despite of 29.9% jump in net sales to Rs 598.53 crore in Q2 FY23 over Q2 FY22.The scrip rose 0.67% to Rs 858.30 on the BSE.

Hi-Tech Pipes signs MoU with U.P. Govt 

On a sequential basis, the sales volume is higher by 7% as compared with the sales volume of 85,500 recorded in Q2 FY23.The company further said that it had started commercial production of color coating line at Sikandrabad, Uttar Pradesh, with an installed capacity of 50,000 MTPA. This would result in forward integration to the companys existing cold rolling and continuous galvanizing line facility and would help increase the overall capacity utilization of existing facilities.  This value added product of the company has applications in railways, airports, warehouses, industrial sheds, doors and window frames, residential roofing, metros,hilly areas, etc.Hi-Tech Pipes is a manufacturer of steel tubes and pipes and flat steel products. Operations are managed by Mr Ajay Bansal and Mr Anish Bansal. Manufacturing capacities are in Sikandrabad (Uttar Pradesh) and Sanand (Gujarat). The companys consolidated net profit declined 56.82% to Rs 4.34 crore despite a 29.89% increase in sales to Rs 598.53 crore in Q2 FY23 over Q2 FY22.

Hi-Tech Pipes soars after sales volume rises by 40% YoY in Q3

Hi-Tech Pipes Consolidated September 2022 Net Sales at Rs 598.53 crore, up 29.89% Y-o-Y

Hi-Tech Pipes Standalone June 2022 Net Sales at Rs 407.20 crore, up 33.6% Y-o-Y

Hi-Tech Pipes Ltd. engages in the manufacture of steel tubes & pipes. Its products include black steel and galvanized tubes, metal beam highway crash barrier, cold rolled coils and formed sections. The company was founded on January 2, 1985 and is headquartered in New Delhi, India.

Watchers	23
52-Wk Low	57.04
52-Wk High	98.97

Market Cap	11.34B
Volume (M)	699,046.00
52-Wk High	98.97
52-Wk Low	57.04

HITECH.NSE Hi-Tech Pipes Ltd.

About

Feed

News

Fundamentals