Hi-Tech Pipes consolidated net profit rises 54.87% in the March 2021 quarter

Sales rise 30.60% to Rs 391.51 crore

Net profit of Hi-Tech Pipes rose 54.87% to Rs 6.52 crore in the quarter ended March 2021 as against Rs 4.21 crore during the previous quarter ended March 2020. Sales rose 30.60% to Rs 391.51 crore in the quarter ended March 2021 as against Rs 299.78 crore during the previous quarter ended March 2020.

For the full year,net profit rose 11.82% to Rs 22.80 crore in the year ended March 2021 as against Rs 20.39 crore during the previous year ended March 2020. Sales rose 10.83% to Rs 1340.63 crore in the year ended March 2021 as against Rs 1209.62 crore during the previous year ended March 2020.

ParticularsQuarter EndedYear EndedMar. 2021Mar. 2020% Var.Mar. 2021Mar. 2020% Var.Sales391.51299.78 31 1340.631209.62 11 OPM %4.934.83 -5.284.90 - PBDT10.926.80 61 39.3130.44 29 PBT8.584.77 80 30.9923.87 30 NP6.524.21 55 22.8020.39 12

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