Hi-Tech Pipes Reports 26.10% YoY Sales Growth in Q3 FY25

Hi-Tech Pipes Ltd has announced sales figures for the third quarter and the first nine months of FY25.

Sales Performance 

The company achieved a record sales volume of 1,24,233 MT in Q3 FY25, reflecting a remarkable 26.10% year-on-year (YoY) growth. For the nine months ended FY25, total sales volumes reached 3,69,415 MT, marking a significant 30.33% YoY increase.

The company stated that a key driver behind this growth has been Hi-Tech Pipes’ solar torque tubes, which have gained significant demand due to the rapid growth of India’s solar energy sector. These high-quality tubes, known for their durability, precision, and adherence to industry standards, have become a preferred choice for large-scale solar power projects.

Besides the renewable energy sector, Hi-Tech Pipes also saw robust growth in other sectors such as infrastructure and construction. The company’s diverse product portfolio, which includes everything from general-purpose steel pipes to specialized solutions, has allowed it to serve a wide range of industries, further enhancing its market position.

The company further added that with a continued focus on expanding its product offerings and optimising production capacity, Hi-Tech Pipes Ltd has solidified its leadership in the steel tubes and pipes industry. The company remains well-positioned to capitalize on the growing demand across multiple sectors.

Management Commentary 

Commenting on the performance, the Chairman of Hi-Tech Pipes Ltd, Mr Ajay Kumar Bansal, said, “We are happy with the strong sales momentum witnessed in Q3 and the first nine months of FY25. While the contribution of our solar torque tubes has been instrumental in achieving these milestones, our growth across other sectors, such as infrastructure and construction, also highlights the breadth and adaptability of our offerings. This performance underscores our commitment to innovation, quality, and meeting the dynamic needs of the market.”

On January 2, 2025, Hi-Tech Pipes share price (NSE: HITECH) opened at ₹161.00, touching the day’s high at ₹163.75, as of 11:17 AM on the NSE.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.