India: Hi-Tech Steel Pipes’ revenue rises 35% y-o-y in Q1FY’25

Hi-Tech Steel Pipes Ltd. reported a consolidated revenue of INR 866.98 crore in Q1FY’25, rose by 35% y-o-y from INR 642.16 crore in Q1FY’24. The company’s EBITDA was INR 42.69 crore, up by 101% y-o-y against INR 21.19 crore in Q1FY’24. Moreover, sales volumes also increased by 45% y-o-y to 1,22,155 t in Q1FY’25 compared to 84,489 mt in Q1FY’24.