Hi-Tech Pipes Ltd reports highest Sales Volumes of 91,232 Thousand Tonnes in Q3 FY23

Hi-Tech Pipes Limited (NSE: HITECH and BSE Scrip Code: 543411), one of the leading steel processing companies in India, has reported its Sales Volume Performance for the Quarter Ended 31 December, 2022.

Key Highlights for 03 FY23:

A. Volume Highlights for Q3 FY23

- Recorded Highest Sales volumes of 91,232 thousand tonnes in Q3 FY23vs. 65,088 Thousand Tonnes in Q3FY22, a growth of 40% YoY

- 7% growth on QoQ from the sales volume of 85,500 in Q2 FY23.

Operational Highlights

- Started Commercial Production of Color Coating Line at Sikandrabad, U.P. with an Installed Capacity of 50,000 MTPA

- Forward integration to our existing Cold Rolling and Continuous Galvanizing Line facility.

- Value Added Product for the Company.

- Increase in overall capacity utilization of existing facilities.

- Applications: Railways, Airports, Warehouses, Industrial Sheds, Doors and Window Frames, Residential Roofing, Metros,Hilly Areas etc.

Shares of Hi-Tech Pipes Limited was last trading in BSE at Rs. 77.65 as compared to the previous close of Rs. 76.45. The total number of shares traded during the day was 83792 in over 1053 trades.

The stock hit an intraday high of Rs. 77.85 and intraday low of 76.30. The net turnover during the day was Rs. 6473251.00.

Source : Equity Bulls

Keywords

HiTechPipes INE106T01017 SalesVolume Performance Q3FY23