Hi-Tech Pipes- Standalone Q1 profit of Rs.20.29 lacs against Rs.5.02 crore QoQ

Hi-Tech Pipes announced its standalone and consolidated financials for the Q1 ended on 30th June, 2020.

Following are the standalone financial figures for the Q1 ended 30th June, 2020:

• Net profit reached Rs.20.29 lacs against Rs.5.02 crore in a year ago period.

• Revenue was Rs.96.47 crore whereas last year corresponding period it was Rs.265.97 crore.

• Earnings per share stood at Rs.0.19 against Rs.4.69 in the previous year same period.

For the year that ended on 31st March, 2020, the company earned standalone total revenue of Rs.968.31 crore with PAT of Rs.14.03 crore and EPS of Rs.12.97.

Consolidated Q1 financials at Hi-Tech Pipes in FY2020-21 are as follows:

• Q1 PAT reached Rs.51.97 lacs against Rs.7.03 crore in Q1-FY20

• Q1 revenue stood at Rs.151.90 crore while previous year same period it was Rs.323.60 crore.

• Q1 EPS was Rs.0.48 against Rs.6.57 in a year ago period.

Annual consolidated PAT for FY19-20 reached Rs.20.38 crore with revenue of Rs.1210.86 crore and EPS was Rs.18.84.

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