June 22, 2021
Technology

Hi-Tech Pipes revenue grows by 31% in Q4FY21 led by higher sales realization; Stock under pressure


Hi-Tech Pipes Limited, one of the leading steel processing companies in India, reported on Monday its financial results for the quarter and full-year ended March 31, 2021.

Revenue from operations was up 31% to Rs391.5cr in the March 31 ended quarter led by better sales realisations. Sales volumes declined by 3% to 0.68 lac tonnes. EBITDA was up 33% to Rs19.3cr. EBITDA/ton at Rs2,861 in Q4FY21 vs. Rs2,079 in Q4FY20; improved by 38% yoy. PAT increased by 55% to Rs6.5cr from Rs4.2cr in Q4FY20.

For FY21, revenue from operations was up 11% to Rs1,340.6cr led by higher sales realisation. EBITDA was up 20% to Rs70.8cr. EBITDA/ton at…

Read full article here: www.indiainfoline.com