Results - Announcements
Hi-Tech Pipes Ltd share price ticked higher by 0.47% to Rs 77.5 after the company's net profit jumped 35.98% to Rs 27.25 crore, while revenue from operations improved marginally 3.78% to Rs 1466.24 crore in Q3FY26 over Q2FY26.
The market capitalization of Iron & Steel Products industry group stocks on BSE stood at Rs 3.38 lakh crore, easing 6.59%. It has inched up 4.71% over last one week and heading higher by 10.67% in last one month while the market capitalization of Hi-Tech Pipes Ltd has edged up by 13.22% and 7.62% in the same period respectively.
Profit before tax (PBT) of Hi-Tech Pipes Ltd stood at Rs 35.97 crore in Q3 FY26, jumping 32.88% year-on-year, and expanding by 35.84% quarter-on-quarter. EBITDA came in at Rs 56 crore, rallying 29.48% YoY and rising by 14.52% sequentially.
Total expenses grew marginally by 3.43% to Rs 1418.18 crore in Q3FY26 over Q3FY25. During the quarter, cost of materials consumed stood at Rs 1108.02 crore, inching up 5.23% YoY, while employee benefits expense was at Rs 10.25 crore, improving by 10.93% YoY.
For the TTM ended FY26, revenue from operations jumped by 36.92% to Rs 4200.07 crore, while net profit grew slightly 4.40% to Rs 76.16 crore, compared to previous TTM. EBITDA witnessed a strong improvement of 16332% to Rs 170.96 crore, and PBT saw a minor gain of 3.55% to Rs 101.47 crore compared to previous TTM.
The company's consolidated net cash flow from operating activities stood at Rs 3.32 crore in FY26, as against Rs 69.83 crore in FY25.
Hi-Tech Pipes Ltd nosedived by 26.12% in last one year, underperforming the benchmark BSE Sensex which has slipped by 4.80% during the same period.