Hi-Tech Pipes reports a 72% net profit rise to Rs 18.11 crore, driven by reduced expenses.

Hi-Tech Pipes, an Indian steel pipe manufacturer, saw a 72% rise in consolidated net profit for the latest quarter, totaling Rs 18.11 crore. This growth was fueled by a decrease in expenses, which fell to Rs 682.55 crore from Rs 732.69 crore last year. Although total income decreased to Rs 706.86 crore from Rs 746.72 crore, the company experienced a 22.5% increase in sales volume, driven by demand for steel products.

November 06, 2024
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