Q2 2025 Hi-Tech Pipes Ltd Earnings Call Transcript
Key Points
- Hi-Tech Pipes Ltd (NSE:HITECH) reported a 22.5% increase in total sales volume, reaching 1.23 lakh tons in Q2 FY25, driven by rising demand for tubes and value-added solutions.
- The company achieved a 72% increase in profit after tax, reaching INR 18 crores, and a 57.6% rise in EBITDA to INR 42.2 crores, highlighting strong profitability despite revenue challenges.
- Hi-Tech Pipes Ltd (NSE:HITECH) successfully reduced its net working capital days from 63 to 60 and improved its debt-equity ratio from 0.7x to 0.49x, indicating better financial management.
- The company completed a successful Qualified Institutional Placement (QIP) raising INR 500 crores, showcasing strong investor confidence and providing capital for strategic initiatives.
- Hi-Tech Pipes Ltd (NSE:HITECH) is on track to double its manufacturing capacity from 1 million tons to 2 million tons, aiming to become the second-largest manufacturer of W steel tubes and pipes.
- Despite strong sales volume growth, Hi-Tech Pipes Ltd (NSE:HITECH) experienced a 5.3% decline in revenue from operations due to lower steel prices.
- The company faced inventory losses of INR 600 to 700 per ton, impacting overall profitability.
- There was an increase in inventory levels due to expanded capacities, which could pose a risk if demand does not meet expectations.
- Hi-Tech Pipes Ltd (NSE:HITECH) is still working on finalizing its branding and marketing budget, which could delay efforts to strengthen its brand presence.
- The company is exposed to market volatility, particularly in steel prices, which could affect future profitability if not managed effectively.
Ladies and gentlemen, good day. And welcome to High Tech Pipes Limited Q2 FY25 earnings conference call hosted by Phillip Capital India Private Limited.
I now hand the conference over to Mr. Vikas Singh from Phillip Capital India Private Limited. Thank you and over to you, sir.
()-
Thank you, Shiba.
Good morning, everyone. I welcome you all on Q2 F 25 high tech types earnings conference call from the management side. Today we have with us Mr. Anish Bansal, fulltime director, Mr. Arvind Bansal EBN Group CFO and. Mr Arun Sharma completes a campaign from officer.
Without taking much time.
I'll hand it over to Mr Anish Bansal for his opening.
What is sir?
Ladies and gentlemen, good morning. And thank you for joining us today for our Q2 and H1 F 525. Investor conference call.
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