Hi-Tech Pipes Limited, a prominent player in the building materials sector, has announced a significant addition to its leadership team. The company has appointed Mr. Nehal Shah as its new Chief Strategy Officer (CSO), effective September 22, 2025. This strategic move aims to bolster the company's growth trajectory and market positioning.

Appointment Details

The appointment of Mr. Shah was approved by Hi-Tech Pipes' Board of Directors, following a recommendation from the Nomination and Remuneration Committee. As per the company's filing with the National Stock Exchange of India Limited and BSE Limited, Mr. Shah will be designated as a Senior Management Person (SMP).

Professional Background

Mr. Nehal Shah brings a wealth of experience to his new role at Hi-Tech Pipes:

• Education: Commerce Graduate (B.Com) and qualified Chartered Accountant
• Experience: Over two decades in equity research, corporate strategy, and industry analysis
• Expertise: Specialized knowledge in the building materials sector
• Previous Roles: Held senior positions at renowned organizations including Kajaria Ceramics, Century Plyboards, and ICICI Securities

Expected Contributions

With his extensive background, Mr. Shah is poised to make significant contributions to Hi-Tech Pipes:

1. Business Growth: Leveraging his industry insights to drive expansion
2. Market Positioning: Enhancing the company's standing in the competitive building materials sector
3. Long-term Value Creation: Developing strategies for sustainable growth and shareholder value

Company's Perspective

The appointment of Mr. Shah as CSO aligns with Hi-Tech Pipes' commitment to strengthening its leadership team with experienced professionals. This strategic move is expected to bring fresh perspectives and innovative strategies to the company's operations and future plans.

Hi-Tech Pipes Limited continues to demonstrate its focus on strategic growth and market leadership in the building materials industry.

As the company embarks on this new chapter with Mr. Nehal Shah at the helm of its strategic initiatives, stakeholders will be keenly watching the potential impact on Hi-Tech Pipes' future trajectory in the dynamic building materials market.

Hi-Tech Pipes Limited, a leading manufacturer of steel tubes and pipes, has announced its unaudited financial results for the third quarter and nine months ended December 31, 2021, showcasing robust growth in both revenue and profitability.

Consolidated Performance Highlights

The company's consolidated net revenue from operations for Q3 FY2022 stood at Rs 440.02 crore, marking a 5.85% increase from Rs 415.70 crore in the corresponding quarter of the previous year. For the nine-month period, Hi-Tech Pipes reported a substantial 35.29% year-on-year growth, with revenues reaching Rs 1,284.07 crore compared to Rs 949.13 crore in the prior year.

Profitability also saw a significant boost, with consolidated profit after tax for Q3 FY2022 reaching Rs 10.17 crore. The nine-month profit after tax stood at Rs 29.12 crore, indicating strong financial performance.

Key Financial Figures

Standalone Performance

On a standalone basis, Hi-Tech Pipes reported a net revenue of Rs 349.58 crore for the quarter and Rs 1,027.81 crore for the nine-month period, further underlining the company's solid operational performance.

Business Segment and Operations

Hi-Tech Pipes continues to operate in a single reportable segment, focusing on the manufacturing of steel tubes and pipes. This focused approach has likely contributed to the company's consistent growth and performance in the market.

Corporate Actions

During the quarter, the company converted 25,000 fully convertible warrants into equity shares, potentially strengthening its equity base and reflecting confidence in its growth prospects.

Audit Review

Independent auditors conducted reviews of both the consolidated and standalone financial results, reporting no material misstatements. This adds credibility to the reported figures and reinforces investor confidence in the company's financial reporting.

Conclusion

Hi-Tech Pipes Limited's financial results for Q3 and the nine months of FY2022 demonstrate the company's ability to achieve strong growth. With significant increases in revenue and profitability, the company appears well-positioned to capitalize on opportunities in the steel tubes and pipes sector.

The robust performance in both consolidated and standalone operations suggests effective management strategies and operational efficiency. As Hi-Tech Pipes continues to focus on its core business, stakeholders will likely monitor its future performance with interest.