Hi-Tech Pipes Q3 results: PAT grows 34% to Rs 19 crore, revenue up 20.78%

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Hi-Tech Pipes Q3 results: PAT grows 34% to Rs 19 crore, revenue up 20.78% - Business Standard

Quick Summary:

Steel pipe maker Hi-Tech Pipes on Wednesday reported a 34 per cent rise in consolidated profit after tax to Rs 19.15 crore in the December quarter, on account of increased revenue.

The company's revenue from operations increased 20.78 per cent to Rs 761.02 crore in the reporting quarter from Rs 630.09 crore in the same period a year ago, it said.

Its EBITDA (earnings before interest, taxes, depreciation and amortisation) stood at Rs 40.23 crore during the quarter compared to Rs 31.57 crore a year earlier, a rise of 27.42 per cent.