Stock Report

Hi-Tech Pipes Ltd consolidated Q3FY24 PAT up QoQ at Rs. 14.32 crores

Posted On : 2024-01-12 20:51:48( TIMEZONE : IST )

Hi-Tech Pipes Limited has reported Consolidated financial results for the period ended December 31, 2023.

Financial Results (Q3 FY2024) - QoQ Comparison

The company has reported total income of Rs. 630.5401 crores during the period ended December 31, 2023 as compared to Rs. 746.7284 crores during the period ended September 30, 2023.

The company has posted net profit / (loss) of Rs. 14.3276 crores for the period ended December 31, 2023 as against net profit / (loss) of Rs. 10.5286 crores for the period ended September 30, 2023.

The company has reported EPS of Rs. 0.83 for the period ended December 31, 2023 as compared to Rs. 0.59 for the period ended September 30, 2023.

Financials	Q3 FY2024	Q2 FY2024	% Change
Total Income	₹ 630.5401 crs	₹746.7284 crs	-15.56%
Net Profit	₹14.3276 crs	₹10.5286 crs	36.08%
EPS	₹0.83	₹0.59	40.68%

Financial Results (Q3 FY2024) - YoY Comparison

The company has reported total income of Rs. 630.5401 crores during the period ended December 31, 2023 as compared to Rs.569.8047 crores during the period ended December 31, 2022.

The company has posted net profit / (loss) of Rs.14.3276 crores for the period ended December 31, 2023 as against net profit / (loss) of Rs.13.0181 crores for the period ended December 31, 2022.

The company has reported EPS of Rs.0.83 for the period ended December 31, 2023 as compared to Rs.1.09 for the period ended December 31, 2022.

Financials	Q3 FY2024	Q3 FY2023	% Change
Total Income	₹ 630.5401 crs	₹569.8047 crs	10.66%
Net Profit	₹14.3276 crs	₹13.0181 crs	10.06%
EPS	₹0.83	₹1.09	-23.85%

Financial Results (9 Months Ended FY2024) - YoY Comparison

The company has reported total income of Rs.2019.7116 crores during the 9 Months period ended December 31, 2023 as compared to Rs.1685.9538 crores during the 9 Months period ended December 31, 2022.

The company has posted net profit / (loss) of Rs.32.8057 crores for the 9 Months period ended December 31, 2023 as against net profit / (loss) of Rs.21.8406 crores for the 9 Months period ended December 31, 2022.

The company has reported EPS of Rs.1.90 for the 9 Months period ended December 31, 2023 as compared to Rs.1.23 for the 9 Months period ended December 31, 2022.

Financials	9 Months Ended FY2024	9 Months Ended FY2023	% Change
Total Income	₹2019.7116 crs	₹1685.9538 crs	19.80%
Net Profit	₹32.8057 crs	₹21.8406 crs	50.21%
EPS	₹1.90	₹1.23	54.47%

Shares of Hi-Tech Pipes Limited was last trading in BSE at Rs. 140.65 as compared to the previous close of Rs. 138.75. The total number of shares traded during the day was 310013 in over 2898 trades.

The stock hit an intraday high of Rs. 141.60 and intraday low of 137.60. The net turnover during the day was Rs. 43287443.00.