Steel tubes and pipes manufacturing institution Hi-Tech Pipes has announced its highest-ever income volumes for the 2nd 4th astatine 123,027 metric tonnes (MT), marking a 22.5 per cent year-on-year (YoY) growth.
For the archetypal fractional of FY25, income volumes reached 245,182 MT, reflecting an outstanding 32.55 per cent year-on-year (YoY) increase.
According to the company, the maturation is chiefly driven by a surge successful request crossed cardinal sectors, including infrastructure, h2o transportation, and star energy.
"Despite the challenges posed by the monsoon season, Hi-Tech has successfully capitalized connected opportunities arising from accrued authorities spending
in captious Infrastructure projects and Private Investment successful renewable vigor projects," the institution said.
Earlier, the institution posted two-fold maturation successful consolidated nett net astatine Rs 18.05 crore successful the 4th ended June 2024, connected higer revenues.
The institution had reported a nett net of Rs 8.03 crore successful the April-June play of the preceding 2023-24 fiscal year.