Hi-Tech Pipes Ltd achieves highest ever sales volume in Q1FY25

Hi-Tech Pipes Ltd., one of the leading steel tubes and pipes manufacturers in India, is proud to announce that it has achieved the highest sales volume in its history for Q1FY25. This remarkable milestone is a testament to the company's commitment to excellence, innovation, and customer satisfaction.

In Q1, Hi-Tech Pipes has recorded a significant increase of 45% with a total sales volume of 1,22,155 MT compared to the same period last year from 84,489 MT and 13% on Q-o-Q compared to the sales volume of 1,07,721 MT in Q4FY24. This achievement is attributed to the company's strategic initiatives, including expansion of product lines, enhanced marketing efforts, and process optimizations.

Commenting on operational performance, Mr. Ajay Kumar Bansal, Chairman and Managing Director, Hi-Tech Pipes Ltd. Said, "We are thrilled to reach this major milestone, which demonstrates our team's dedication and hard work. Our focus on quality, customer-centric approach, and continuous improvement has enabled us to achieve this record-breaking sales volume. We are confident that this momentum will continue, driving our growth and success in the industry. Further, we are extremely pleased with the contribution of our new manufacturing facility Sanand Unit II Phase 1, Gujarat, to our sales volume. The facility has been operational in the end of Q4FY24 and has already started to make an impact on our production capacity and efficiency. This new facility is a game-changer for us, and will further cement our leadership position in western market.

Shares of Hi-Tech Pipes Limited was last trading in BSE at Rs. 175.60 as compared to the previous close of Rs. 179.95. The total number of shares traded during the day was 294641 in over 3177 trades.

The stock hit an intraday high of Rs. 181.70 and intraday low of 174.30. The net turnover during the day was Rs. 52041568.00.

Source : Equity Bulls

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HiTechPipes INE106T01017 Q1FY25 SalesVolume