Hi-Tech Pipes Ltd posts consolidated PAT of Rs. 4.47 crores in Q1FY23

Hi-Tech Pipes Limited has reported Consolidated financial results for the period ended June 30, 2022.

Financial Results (Q1 FY2023) - QoQ Comparison

The company has reported total income of Rs. 516.7425 crores during the period ended June 30, 2022 as compared to Rs. 595.4811 crores during the period ended March 31, 2022.

The company has posted net profit / (loss) of Rs. 4.4783 crores for the period ended June 30, 2022 as against net profit / (loss) of Rs. 11.2156 crores for the period ended March 31, 2022.

The company has reported EPS of Rs. 3.65 for the period ended June 30, 2022 as compared to Rs. 9.13 for the period ended March 31, 2022.

Financials	Q1 FY2023	Q4 FY2022	% Change
Total Income	₹ 516.7425 crs	₹595.4811 crs	-13.22%
Net Profit	₹4.4783 crs	₹11.2156 crs	-60.07%
EPS	₹3.65	₹9.13	-60.02%

Financial Results (Q1 FY2023) - YoY Comparison

The company has reported total income of Rs. 516.7425 crores during the period ended June 30, 2022 as compared to Rs.383.3908 crores during the period ended June 30, 2021.

The company has posted net profit / (loss) of Rs.4.4783 crores for the period ended June 30, 2022 as against net profit / (loss) of Rs.8.8924 crores for the period ended June 30, 2021.

The company has reported EPS of Rs.3.65 for the period ended June 30, 2022 as compared to Rs.7.31 for the period ended June 30, 2021.

Financials	Q1 FY2023	Q1 FY2022	% Change
Total Income	₹ 516.7425 crs	₹383.3908 crs	34.78%
Net Profit	₹4.4783 crs	₹8.8924 crs	-49.64%
EPS	₹3.65	₹7.31	-50.07%

Shares of Hi-Tech Pipes Limited was last trading in BSE at Rs. 80.05 as compared to the previous close of Rs. 80.40. The total number of shares traded during the day was 93000 in over 1178 trades.

The stock hit an intraday high of Rs. 80.85 and intraday low of 79.00. The net turnover during the day was Rs. 7437460.00.

Source : Equity Bulls

Keywords

HiTechPipes Q1FY23 ResultUpdate