Hi-Tech Pipes

Hi-Tech Pipes Limited appointed Mr. Nehal Shah as Chief Strategy Officer, designated as a Senior Management Person, effective September 22, 2025. The appointment was approved by the Board of Directors based on the recommendation of the Nomination and Remuneration Committee. Shah is a Commerce Graduate and qualified Chartered Accountant with over two decades of experience in equity research, corporate strategy, and industry analysis, with expertise in the building materials sector. He has previously held senior roles at Kajaria Ceramics, Century Plyboards, and ICICI Securities, contributing to business growth, market positioning, and long-term value creation.

Hi-Tech Pipes Limited reported revenue of INR 791 crores for the quarter ended June 30, 2025, compared to INR 866 crores in the corresponding quarter last year. Sales volume increased to 1.24 lakh tons from 1.22 lakh tons year-over-year. The company achieved its highest ever quarterly profit after tax of INR 21 crores and EBITDA of INR 41.03 crores. EBITDA per ton stood at INR 3,308, reflecting a 10% improvement quarter-on-quarter driven by better product mix and improved realizations. The company is commissioning two new facilities - a greenfield plant at Sikandrabad and brownfield expansion at Sanand Unit-II Phase 2, both expected to begin production in Q2 FY26 with combined capacity of 250,000 tons annually. Management expects 50% utilization from these new facilities in the first year and projects annual volume of 5.5-6 lakh tons. The new capacities will focus on value-added products for renewable energy, defense, and infrastructure sectors, with the company targeting to increase its value-added product share from 37% to 45%. Management indicated optimal EBITDA targets of INR 4,500-5,000 per ton once steel price volatility stabilizes.

Hi-Tech Pipes Limited announced its unaudited financial results for the quarter ended June 30, 2025. The company reported total income from operations of Rs 79,136.04 lakhs compared to Rs 73,374.40 lakhs in the previous year quarter. Net profit after tax surged to Rs 7,285.95 lakhs from Rs 1,749.42 lakhs in the same quarter last year, representing a significant increase. Net profit before tax also rose substantially to Rs 9,798.62 lakhs from Rs 2,796.78 lakhs year-on-year. Earnings per share improved to Rs 1.04 from Rs 3.98 in the corresponding quarter of the previous year. The results were published in Business Standard newspaper in both English and Hindi editions.