The sales volume has risen by 13% from 1,07,721 MT registered in Q4 FY24.
According to Hi-Tech Pipes, the sales volume recorded in Q1 FY25 is the highest sales volume in the history of the company.
Ajay Kumar Bansal, chairman and managing director, Hi-Tech Pipes, said: “We are thrilled to reach this major milestone, which demonstrates our team's dedication and hard work.
Our focus on quality, customer-centric approach, and continuous improvement has enabled us to achieve this record-breaking sales volume. We are confident that this momentum will continue, driving our growth and success in the industry.
Further, we are extremely pleased with the contribution of our new manufacturing facility Sanand Unit II Phase 1, Gujarat, to our sales volume. The facility has been operational in the end of Q4FY24 and has already started to make an impact on our production capacity and efficiency.
This new facility is a game-changer for us, and will further cement our leadership position in western market.”
Hi-Tech Pipes is one of India’s leading steel processing companies. The company has a strong presence in steel pipes, hollow sections, tubes, cold rolled coils & strips, road crash barriers, solar mounting structures, GP/GC sheets, color coated coils and a variety of other galvanised products.
The company’s consolidated net profit declined 29.73% to Rs 11.13 crore as sales fell by 2.97% to Rs 681.03 crore in Q4 FY24 as compared with Q4 FY23.