Hi-Tech Pipes Ltd (NSE:HITECH)
₹ 190.44 4.74 (2.55%) Market Cap: 38.68 Bil Enterprise Value: 42.68 Bil PE Ratio: 57.85 PB Ratio: 4.83 GF Score: 83/100

Q1 2025 Hi-Tech Pipes Ltd Earnings Call Transcript

Aug 13, 2024 / 06:00AM GMT
Release Date Price: ₹163.16 (+2.38%)

Key Points

Positve
  • Achieved a record-breaking sales volume of 1,22,000 tons, marking a 45% increase compared to Q1 FY 24.
  • Revenue rose impressively by 35%, reaching an all-time high of INR 867 crores.
  • EBITDA more than doubled, increasing by 101% to INR 42.69 crores.
  • Profit after tax surged by 125%, climbing to INR 18.05 crores.
  • Successfully supplied steel pipes for prestigious projects like Noida International Airport and Cobra Solar Park.
Negative
  • Price volatility in the domestic and international markets posed challenges.
  • The election quarter in India led to a slowdown in government activities.
  • Sharp correction in steel prices over the last couple of months impacted inventory valuation.
  • Current capacity utilization is at 64-65%, with peak utilization capped at 70%.
  • The company is conservative in its EBITDA per tonne guidance due to volatile steel prices.
Operator

Ladies and gentlemen, good day, and welcome to Hi-Tech Pipes Ltd Earnings Conference Call hosted by Antique Stock Broking Limited. (Operator Instructions) I now hand the conference over to Mr. Pallav Agarwal from Antique Stock Broking Limited. Thank you, and over to you, sir.

Pallav Agarwal
Antique Stockbroking Limited - IR

Yes, thank you. Good morning, everyone, and warm welcome to the First Quarter Results Call of high-tech pipes. We have the senior management of the company represented by Mr. Anish Bansal the CEO, and Mr. Arvind Bansal, the Group CFO. So I would now like to hand over the call to Mr. Anish Bansal for his opening comments, and over to you, sir.

Anish Bansal
Hi-Tech Pipes Ltd - Director

Thank you, Pallav, and good morning, everyone, and thank you for being with us today. It is an honor to address you and shares the remarkable strides our Company has made over the past few years as we reflect on our journey and our achievements, I'm proud to say that we have solidified our position as a leading

Already have an account? Log in
Get the full story
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot