Hi-Tech Pipes Achieves Record Sales Volume In Q3FY25 Growing 26% YoY

Hi-Tech Pipes' stock was the subject of attention on Thursday after opening at Rs 161 a share and rising to an intraday high of Rs 163.75. This happened after Hi-Tech Pipes Limited, one of India's top producers of steel tubes and pipes, announced its outstanding sales results for the third quarter and nine months of FY25. For the third quarter of FY25, the company's sales volume reached an all-time high of 1,24,233 MT, indicating a remarkable 26.10% YoY growth. Sales volumes soared to 3,69,415 MT for the nine months that ended in FY25, a fantastic YoY rise of 30.33%.

Apart from its impressive accomplishment in the renewable energy industry, Hi-Tech Pipes also saw notable expansion in other important areas, such as building and infrastructure. The company's broad range of products, from specialised solutions to general-purpose steel pipes, has allowed it to serve a variety of sectors, therefore solidifying its place in the market.

Mr. Ajay Kumar Bansal, Chairman, Hi-Tech Pipes Ltd, 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. Hi-Tech Pipes' continued focus on expanding product portfolio and optimizing production capacity has further reinforced our leadership position in the steel tubes and pipes sector."

The company's solar torque tubes were a major factor in this expansion since they were crucial in boosting sales volumes. The quick growth of the solar energy industry in India has led to a rise in demand for these premium items. They are renowned for their accuracy, longevity, and adherence to strict industry regulations. Large-scale sun power plants are increasingly choosing to use solar torque tubes from Hi-Tech Pipes.

With an established reputation in steel pipes, hollow sections, tubes, Solar Torque Tubes, cold rolled coils & strips, road crash barriers, solar mounting structures, GP/GC Sheets, Colour Coated Coils, and a variety of other galvanised products, Hi-Tech Pipes is among the top steel processing company in India has been producing innovative, high-quality products for almost 40 years. With an aggregate capacity of 7,50,000 MTPA, the company operates six (6) modern integrated manufacturing facilities in Sikandrabad (UP), Sanand (Gujarat), Hindupur (AP), which is close to Bangalore, and Khopoli (Maharashtra). It is also on track to reach a capacity of 1 million tonnes in FY25. With more than 450 dealers and distributors throughout India, the company has a physical presence in more than 20 states.