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Hi-Tech Pipes logs sales volume growth of 26% in Q4 FY23

03 Apr 2023 Evaluate

Hi-Tech Pipes has recorded highest ever sales volumes of 1,07,237 MT in Q4 FY23 vs. 85,045 MT in Q4 FY22, a growth of 26% year on year (YoY), while it posted 18% growth on quarter on quarter (QoQ) from the sales volume of 91,232 MT in Q3 FY23. The company recorded highest ever sales volumes of 3,54,032 MT in FY23 vs. 2,76,600 MT in FY22, a growth of 28% YoY. The share of Value Added product has increased from 24.7% in FY22 to 28.2% in FY23.

Hi-Tech Pipes - an ISO 9001 certified company, is one of India's leading engineering house of excellence and innovation producing steel pipes, hollow sections, tubes, cold rolled coils, road crash barriers, solar mounting structures and strips and a variety of other galvanized products.


Peers
Company Name CMP
JSW Steel 1297.95
Tata Steel 190.75
Steel Authority 185.60
Jindal Stainless 758.40
APL Apollo Tubes 2194.30
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